Anonymous User wrote:Had a good interview today but one question was way oddball. I answered the "why transactional" question by saying that I found my venture capital course really interesting, especially looking at the various financing options. The partner's follow up: whats a private equity firm? I mean, I had an answer but it was basically a polished turd. Just felt very left field to me.
Were you interviewing for a venture focused corporate practice? If not, this was a pretty stupid move. I would instantly ding someone who interviewed for my, say, private equity or corporate M&A practice and the reason given is that they liked their venture capital class.
I wouldn't expect candidates to know what transactional lawyers do, but I would expect them to understand the main differences between corporate transactions (i.e., private equity, strategic M&A, venture capital, capital markets, leveraged finance/debt finance, etc.). An understanding of these differences should then inform your answer to "why our transactional practice?"