Lateraling from Corporate to other Transactional groups.

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Anonymous User
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Lateraling from Corporate to other Transactional groups.

Postby Anonymous User » Wed Apr 13, 2016 4:13 pm

I am a first year associate in a corporate group at a large satellite V10 in LA. Currently in the corporate group. Our dept does mainly PE M&A and financing for those transactions. I was thinking about transferring to a different practice that has better exit opps in LA. This could be real estate or entertainment.

How difficult is it (if possible at all) to lateral into a different tx group in an outside firm? When should I look into this?

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RedGiant
Posts: 312
Joined: Sun Feb 17, 2013 10:30 am

Re: Lateraling from Corporate to other Transactional groups.

Postby RedGiant » Thu Apr 14, 2016 9:14 am

Anonymous User wrote:I am a first year associate in a corporate group at a large satellite V10 in LA. Currently in the corporate group. Our dept does mainly PE M&A and financing for those transactions. I was thinking about transferring to a different practice that has better exit opps in LA. This could be real estate or entertainment.

How difficult is it (if possible at all) to lateral into a different tx group in an outside firm? When should I look into this?


I'm guessing you're at K&E. Anyway, I've known a lot of lateral refugees from K&E LA and elsewhere. The key is to do it early (by your third year). Entertainment is very hard to get into, and I am sure if you join specific bar groups or network, it might be possible. But it's overall a very limited market with limited slots, so the key would be to network like hell (which is hard when you're doing PE M&A, I know).

My understanding of LA RE law is that it's hard, but not impossible to get into. Stradling and Manatt have big RE practices and if they aren't anti-prestige, they should like your background. Start working the alumni connections anywhere you have them. GL.




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