How does a lateral junior associate fail due diligence? Minor example

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
objctnyrhnr

Moderator
Posts: 521
Joined: Sat Apr 13, 2013 2:44 am

How does a lateral junior associate fail due diligence? Minor example

Postby objctnyrhnr » Tue Jul 10, 2018 8:07 pm

Wondering if anybody has any examples of relatively minor things that made lateral lower level associate candidates fail the due diligence review (independent of conflicts check).

How high a bar would it be to actually fail and lose an offer?

chingwoo

Bronze
Posts: 333
Joined: Wed Sep 18, 2013 11:28 pm

Re: How does a lateral junior associate fail due diligence? Minor example

Postby chingwoo » Tue Jul 10, 2018 11:01 pm

How many change of control provisions did you miss?

objctnyrhnr

Moderator
Posts: 521
Joined: Sat Apr 13, 2013 2:44 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby objctnyrhnr » Tue Jul 10, 2018 11:35 pm

chingwoo wrote:How many change of control provisions did you miss?


Don’t know what that means. Got offer, going through diligence. Just scared of tripping at the finish line. Maybe it’s the boogeyman I dunno.

What would it take to fail one of these things?

raptors_delight

New
Posts: 63
Joined: Wed Aug 13, 2014 10:30 pm

Re: How does a lateral junior associate fail due diligence? Minor example

Postby raptors_delight » Wed Jul 11, 2018 12:37 am

chingwoo wrote:How many change of control provisions did you miss?


:D

objctnyrhnr

Moderator
Posts: 521
Joined: Sat Apr 13, 2013 2:44 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby objctnyrhnr » Wed Jul 11, 2018 7:31 am

Can I get a real response haha

What are these independent firms contracted to find (or try to find) on lateral offerrees?

gregfootball2001

Bronze
Posts: 458
Joined: Tue Oct 25, 2011 8:35 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby gregfootball2001 » Wed Jul 11, 2018 8:56 am

objctnyrhnr wrote:Wondering if anybody has any examples of relatively minor things that made lateral lower level associate candidates fail the due diligence review (independent of conflicts check).

How high a bar would it be to actually fail and lose an offer?

I don't understand what you're asking, if you're not asking about a conflicts check. You mean things like credit score? I can't imagine an offer being withdrawn for something like that. If you're a felon, maybe there'd be an issue, but obviously you passed C&F so really it shouldn't be a problem. Some specifics would help give you a better answer.

Anonymous User
Posts: 327248
Joined: Tue Aug 11, 2009 9:32 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby Anonymous User » Wed Jul 11, 2018 9:06 am

It's unheard of. You're just displaying the worrywart lawyer mentality.

Anonymous User
Posts: 327248
Joined: Tue Aug 11, 2009 9:32 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby Anonymous User » Wed Jul 11, 2018 9:26 am

Like anything in big law (once you get in), the bar is low and if you have a pulse and half a personality, you will be fine

Anonymous User
Posts: 327248
Joined: Tue Aug 11, 2009 9:32 am

Re: How does a lateral junior associate fail due diligence? Minor example

Postby Anonymous User » Wed Jul 11, 2018 10:51 am

Anonymous User wrote:It's unheard of. You're just displaying the worrywart lawyer mentality.


This is what I wanted to hear. This is what my wife says. First time break into biglaw (from clerkship/govt), so I suppose I’m just nervous something will fall apart when I’m this close, as I’ve already accepted the conditional offer.



Return to “Legal Employment?

Who is online

The online users are hidden on this forum.