Good Cap Markets Groups in NYC? Forum

[Anonymous User]

Can anyone weigh on the differences between issuer/underwriter work? I see people make a switch from underwriter to issuer side frequently at my firm and was wondering why this move is often made. Is this mostly as a springboard for in-house opportunities?

Still junior so this is probably not helpful, but having done the UW side recently at a firm that mostly does issuer side, my general sense (and my experience has been) that UW side is, from a coordination/practial standpoint, more cumbersome--dealing with so many banks, all their sign-offs, etc. means just juggling a lot more random things that I find annoying. I strongly prefer issuer side--I find it more interesting, easier to handle the ancillaries, etc.

[Anonymous User]

Considering a lateral move to the Cap Markets group at K&E or Paul Weiss. Can anyone shed light on either of the groups? Coming from a very niche Cap Markets practice at my current firm (ex: Cahill), so I'm hoping for a broader practice that's both issuer/UW and both equity and debt.

Have a friend who moved from PW cap markets to another V10 and misses PW dearly. Says it was great culture (flexibility to work from home, interesting work, etc) and decent hours.