Exit options- tax v m&a

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Exit options- tax v m&a

Postby Anonymous User » Wed Apr 13, 2016 2:40 pm

Hey all. Would like to tap the collective wisdom of TLS regarding the differences and respective benefits of exit options of M&A versus Tax associates.

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Re: Exit options- tax v m&a

Postby Anonymous User » Sat Apr 16, 2016 8:30 pm

M&A no brainer if you want in house. While there is some tax in house, it is much more limited.

Exit from tax is probably Big 4 or other accounting firms (which is slightly better QOL than big law), or maybe govt depending upon type of tax work.

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Re: Exit options- tax v m&a

Postby Anonymous User » Sun Apr 17, 2016 12:38 pm

Anonymous User wrote:M&A no brainer if you want in house. While there is some tax in house, it is much more limited.

Exit from tax is probably Big 4 or other accounting firms (which is slightly better QOL than big law), or maybe govt depending upon type of tax work.


I think this overstates the advantage of M&A over tax for in house. Yes, far more M&A associates work in house, but there are also far more M&A associates overall. I don't think it's obvious that tax doesn't have the same ratio of outside counsel to in house.

dabigchina

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Re: Exit options- tax v m&a

Postby dabigchina » Sun Apr 17, 2016 12:50 pm

Anonymous User wrote:M&A no brainer if you want in house. While there is some tax in house, it is much more limited.

Exit from tax is probably Big 4 or other accounting firms (which is slightly better QOL than big law), or maybe govt depending upon type of tax work.

From what I've seen, attorneys who exit into good big4 groups (WNT, Int'l, certain M&A groups) tend to have pretty ok QoL. It's the CPA tax/audit drones who get reamed for 50k a year.

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Yukos

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Re: Exit options- tax v m&a

Postby Yukos » Sun Apr 17, 2016 6:14 pm

dabigchina wrote:
Anonymous User wrote:M&A no brainer if you want in house. While there is some tax in house, it is much more limited.

Exit from tax is probably Big 4 or other accounting firms (which is slightly better QOL than big law), or maybe govt depending upon type of tax work.

From what I've seen, attorneys who exit into good big4 groups (WNT, Int'l, certain M&A groups) tend to have pretty ok QoL. It's the CPA tax/audit drones who get reamed for 50k a year.


Tax also has a disproportional amount of boutiques that combine OK pay with OK hours. And biglaw tax practice is supposedly more humane if you want to stick with that.



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