Anonymous User wrote:And again, can someone say what are the non-obvious exit options for M&A associates, other than lateraling into banking or going in-house? I'm really curious.
well you nailed the two big ones. lateraling into banking though is really only possible during bull years, unless you're coming from v5. during the crash i know of only one who lateraled to a BB and he came from s&c.
its hard to tell you what the non-obvious exit options are because they are so varied. it will depend on what you want, who you know, which firm you're coming from etc. of course all these exit options revolve around business/corporate work.
to know what kind of exit options they get you need to understand why its such a desired practice group. m&a lawyers are prized because they have deal experience. they have a thorough knowledge of deal mechanics (which several bankers don't even have -that's why ibanks love hiring m&a lawyers). they know how to run a deal and what exactly is needed along each step of the way. business people love this. this is a very useful skill, and one that is transferable to several business jobs. hence why their exit options are so varied (and good - this is how m&a lawyers are able to transition to more front-office type roles). compare this to someone coming from a fund formation practice group, or some other compliance focused group. these people won't have any deal experience - their only skill is dealling with compliance issues, not much else, which sets them up perfectly for a back-office type job but not much else.
even if you are lateralling into a more back-office GC type job it is still useful. the major hedge funds or banks want someone who understands their business. their entire business revolves around making and closing deals. they value lawyers with deal experience who understand the major risks they are facing. thus, coming from m&a will give a boost especially if you are looking at the more coveted in-house positions at these types of places. im not saying you can't get a sweet gig coming from other practice groups, you certainly can. but you can bet that the GCs of places like goldman, KKR, etc were all m&a or securities lawyers. not employment lawyers or whatever.