BigBanking Internship

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Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

BigBanking Internship

Postby Anonymous User » Mon Oct 31, 2011 9:49 pm

I'm posting this anonymously because people at my school may know who I am and I don't want particularly to out myself.

I found out today that I may have a potential solid opportunity for my 1L summer at an internship for the legal department of a big investment bank (think goldman sachs, jpmorgan chase, morgan stanley, wells fargo, bank of america, citigroup). I'm interested in biglaw, and I tried searching TLS to see how this type of experience would look to firms when 2L OCI rolls around, but I couldn't find much. So how does this compare to other possible opportunities? ITE I'm more than likely not going to be able to land a biglaw 1L summer, so I see no point in holding out for one if I have this opportunity...

c3pO4
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Re: BigBanking Internship

Postby c3pO4 » Mon Oct 31, 2011 10:07 pm

Anonymous User wrote:I'm posting this anonymously because people at my school may know who I am and I don't want particularly to out myself.

I found out today that I may have a potential solid opportunity for my 1L summer at an internship for the legal department of a big investment bank (think goldman sachs, jpmorgan chase, morgan stanley, wells fargo, bank of america, citigroup). I'm interested in biglaw, and I tried searching TLS to see how this type of experience would look to firms when 2L OCI rolls around, but I couldn't find much. So how does this compare to other possible opportunities? ITE I'm more than likely not going to be able to land a biglaw 1L summer, so I see no point in holding out for one if I have this opportunity...


I think this would be excellent assuming you want to do corp and not lit. If you have the connects for this though, couldn't you have just done banking and skipped the whole law school thing? :)

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Grizz
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Re: BigBanking Internship

Postby Grizz » Mon Oct 31, 2011 10:11 pm

I know a d00d who did something like this, and he's fine.

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IAFG
Posts: 6665
Joined: Mon Jun 15, 2009 1:26 pm

Re: BigBanking Internship

Postby IAFG » Mon Oct 31, 2011 10:13 pm

.
Last edited by IAFG on Mon Oct 31, 2011 10:29 pm, edited 1 time in total.

ruski
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Re: BigBanking Internship

Postby ruski » Mon Oct 31, 2011 10:16 pm

it beats what 95% of your classmates will get. you will get name recognition plus 1g/week. this is an awesome gig and dont pass it up. not only that but most of the people you will work with will probably be from big law firms and it will be a great opportunity to network and find out more about firms from first hand experience.

lawschoolgrapedme
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Re: BigBanking Internship

Postby lawschoolgrapedme » Mon Oct 31, 2011 10:21 pm

I did this exact thing. I am in v5 employment for 2L, and I definately dont have the grades/resume for it. I strictly wanted corporate, and was able to talk up the experience a lot. In fact, I had several interviewers directly tell me that would prefer law students to do something like this as opposed to going and working for a judge (that is, if you can't get a 1l summer gig and you are looking for corp).

Feel free to pm me if you want to talk further.

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1984sheepdog
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Re: BigBanking Internship

Postby 1984sheepdog » Mon Oct 31, 2011 10:29 pm

could you PM me? i'm interested in banking and finance and want to "test drive" the sector to see if it's what i really want. (also a 1L right now)

Anonymous User
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Re: BigBanking Internship

Postby Anonymous User » Mon Oct 31, 2011 10:41 pm

How did you find this opportunity and do you have to know someone working for the company to get it?

Anonymous User
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Re: BigBanking Internship

Postby Anonymous User » Tue Nov 01, 2011 2:05 pm

Bump. What is the best way from anyone's relevant prior experience on how to get the attention of financial firms for 1L summer jobs in legal departments?

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PurplePirate
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Re: BigBanking Internship

Postby PurplePirate » Tue Nov 01, 2011 2:21 pm

Nobody has made an #OccupyWallstreet or 99% joke yet? Really?

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D-hops
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Re: BigBanking Internship

Postby D-hops » Tue Nov 01, 2011 3:03 pm

Working in the legal department of a big bank should be great experience for corporate/transactional work. I would be a little leery of working for a big bank where your work was more financial than legal in nature.

MBeezy11
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Re: BigBanking Internship

Postby MBeezy11 » Tue Nov 01, 2011 9:00 pm

As mentioned above the experience will be beneficial so long as you are doing legal work. I'm not sure about the rest of your resume but if you're a business major or have prior banking work experience it may pigeon hole you just a bit. Depending, on what firms are looking for come 2L OCI they may only consider you for transactional openings.

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: BigBanking Internship

Postby Anonymous User » Wed Nov 02, 2011 9:27 am

Question for the two previous posters: I have about 6 years of Big Bank experience (Merrill Lynch, JP Morgan Chase, Citigroup, etc) But not in the legal area. More of portfolio analysis and product work. Will this be seen as an asset at all when going through OCI next year? I've been told since it's industry specific It may help me at certain firms that specialize in that type of law, but hurt me at others.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: BigBanking Internship

Postby Anonymous User » Wed Nov 02, 2011 2:18 pm

Anonymous User wrote:Question for the two previous posters: I have about 6 years of Big Bank experience (Merrill Lynch, JP Morgan Chase, Citigroup, etc) But not in the legal area. More of portfolio analysis and product work. Will this be seen as an asset at all when going through OCI next year? I've been told since it's industry specific It may help me at certain firms that specialize in that type of law, but hurt me at others.


this will 100% help you, especially if you want to do corporate. it should not hurt you at all, except in rare cases where the people think you are some sort of an idiot for leaving a much more lucrative industry to become a lawyer. i am in a similar background, and received several big law offers. 90% of the conversations in my interviews were about my work experience

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: BigBanking Internship

Postby Anonymous User » Wed Nov 02, 2011 2:24 pm

Did the same thing 1L Summer. My 2L OGI Results:

UVA

Market(s): NYC
Approximate class rank: Top 40%
Law review: No
Work experience: 3 Years
IP background: No
Anything else that might have an impact?: Stone Cold Interview Killer
Screening Interviews: <20
Mass mails: 0
Callbacks received: 13
Callbacks accepted: 9
Offers w/vault ranges: 8 (1 v10, 1 v20, 6 v50)

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: BigBanking Internship

Postby Anonymous User » Wed Nov 02, 2011 9:03 pm

Anonymous User wrote:
Anonymous User wrote:Question for the two previous posters: I have about 6 years of Big Bank experience (Merrill Lynch, JP Morgan Chase, Citigroup, etc) But not in the legal area. More of portfolio analysis and product work. Will this be seen as an asset at all when going through OCI next year? I've been told since it's industry specific It may help me at certain firms that specialize in that type of law, but hurt me at others.


this will 100% help you, especially if you want to do corporate. it should not hurt you at all, except in rare cases where the people think you are some sort of an idiot for leaving a much more lucrative industry to become a lawyer. i am in a similar background, and received several big law offers. 90% of the conversations in my interviews were about my work experience


was also in a similar boat and it helps a lot. firms love people who worked at BB. not only do they already know the corporate vocabulary but its proven you've worked grueling hours and know what you're getting yourself into. however my experience was much shorter than yours. all the finance kids i know were also in it less than 2 years. being there for 6 years in a much more senior position and leaving for law really is incredulous. make sure u have a good story for why law school.




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