Danger Zone wrote:
Anonymous User wrote:Anyone know which corp. practice areas have the least and most amount of fire drills? Or is it firm/practice group dependent?
Largely dependent on who you work with, but if you do M&A (for example) you aren't doing yourself any favors. I find that my financing deals are almost never a fire drill, so there's that.
At least where I am, Corporate specialists largely get their work as a sub component of M&A activity. What will happen is the M&A team will deal with the client, figure out the big deal issues/what the client cares about, and then kick specialized work to different groups (e.g. Lots of IP issues or schedules you kick to IP, important real estate you have RE take a look, deal financing will go to the finance people, etc). What this means is that, as a specialist at a big firm, you'll be on way more deals than an M&A person and you'll largely have less visibility into the ebbs and flows of an individual deal. your fire drills happen as M&A transaction comments are turned and there's a fast deadline, or some agency responded and you need to review/communicate, etc
The more involved your speciality is in a particular deal, the more fire drills you'll have. So the practice with the fewest first drills is going to depend on what kind of clients your firm has. As your practice moves further away from M&A (think like Trusts and Estates or a pure regulatory practice) you'll have fewer fire drills. In addition how firms organize their practice groups varies so it's hard to say definitively x is more chill than y.