Anonymous User wrote:How is the tax market in the Bay Area? Is it more or less impossible to get a position at a firm as a first year?
It's a very small market, with a lot of the headcount concentrated in SV. Baker McKenzie and Fenwick have the largest groups that I can think of (by a pretty healthy margin). A lot of the SV work is tech driven - i.e., a lot of venture capital M&A, international tax planning, IP transfer pricing (both Fenwick and Baker do a fair amount of controversy related to transfer pricing), etc. No one that I'm aware of really does financial instruments (maybe DPW in SV?). A few groups have some REIT/real estate knowledge, but there's much more of that in LA/NY.
I'm not sure how to take the second question - are you talking about lateraling or breaking in as a first year at the firm where you summer? In the first case, the market is pretty hot right now so you may be in luck (depending on academic credentials, whether you're already in a tax group, etc.). The second scenario is obviously going to be very firm-dependent and hard to predict. A lot of bay area offices don't hire for their tax group every year because the groups are so small.
ETA a little more info on type of tax work done.