NYC vs. LA BL Culture Forum

[johndooley]

Corzine and Murphy both became rich through Goldman’s IPO. Please explain how getting rich by cashing out stock in a one-time IPO is a replicable strategy for getting rich. Should I also become an early employee at Facebook pre-IPO? The kiddos are out in force today.

David Solomon made $35 million last year. Jamie Gorman and Jamie Dimon made the same. And those numbers do scale down at smaller banks, but are still way higher than a biglaw managing partner can even dream of making. Being CEO, or a high impact C-suite role, at a bank is going to vastly eclipse biglaw partner comp, and the job is massively more enjoyable as well. The top rung of finance comp absolute eclipses law comp in every possible way. It's completely insane to make believe that lawyers and bankers have similar comp ranges as you get more senior.

It’s completely insane to even bring up being CEO of Goldman Sachs. My original point, which was a fair point, is that law is a bit less impressive in NYC because so many other people make equal or greater money.

Since there are only a handful of big bank CEOs, they have nothing to do with this conversation. Should OP go into show business because the CEOs of Disney and Warner Brothers make bank?

They don't have to bring up CEOs. MDs are on call less, make as much or more than a V50/100 partner, and do more interesting work. Lawyers are by no means NYC elite, even the managing partners. They don't get the nicest apartments, the nicest cars, the best schools for their children. If corporate America was a football team, the big firm lawyers would be the locker room janitor cleaning the mess.

Another fine example of a reasonable question asked on TLS derailed by a bunch of weird lawyers arguing over absurd concepts like what the "NYC elite" is (newsflash, a partner making $3-4m at a V-whatever for 15-20 years is comfortably in the "NYC elite" and can most certainly afford a nice apartment, whatever car they want, and whatever school they want for their kids).

Someone at that income will almost certainly not sit on important NYC boards, join the most prestigious clubs and organizations, or send their children to the finest private schools. They may be able to afford the posted tuition, but it is understood a hefty donation is in order to secure a place after demographic balancing, faculty children, and recruited athletes are taken into account. Your definition of "elite" is having two domestic cars, a 3-br apartment with sub-50% down, and a 401(k). You need to aim higher.

All of your comments are 100% funnier when you take into account that you're a random hotel butler from suburban Orlando shilling hard for random WS bankers that you met while they were on their disney vacations. You don't actually know what you're talking about. First, a "hefty donation" isn't actually required to secure a place at these schools (that's just what the banker you talked to had to do to get his dumbass child in after he bombed his ISEE exams 2 years in a row). Second, who cares what "prestigious clubs and organizations" you belong to? Whoop-de-doo, I'm not a member of some stuffy social club that didn't admit women or black people until 1992, where the median age is 82. You're so unhinged lmao, why are you even commenting on this thread?

1. I did not serve this position in suburban Orlando. It was not part of Disney vacations https://ericadiazteam.com/purchasing-re ... mere-home/

2.A hefty donation is understood to be required as the endowments and annual funds cover half the operating costs at these schools. With scholarship students, they need Joey Hedge Fund to donate a ton, and if you do not give as an applicant's parent you are not the "team player" they want. These applicants are also 4-6, well before the ISEE. This is why parents try to get into K-12 schools, not ones that end in 8th grade. If you are a lawyer making 500k a year, you are expected to donate because the tuition cannot cover Susie's cost, scholarship or not.

3. "NYC Elites", which is what this convo is addressing, care about these organizations and they have far younger median ages. Guess you do not play squash. I do not expect a "Taco Lawyer" to be up to snuff at these locales. Go ask your contacts in-house how the C-suite of their companies live and recreate, it will be more "elite" than whatever partner tells you to turn over redlined documents at 12am.

4. I am commenting because it is utterly insane people on TLS think almost any practicing lawyers are "elite" in NYC. I took a little time after playing a round at Isleworth this morning and preparing for trial tomorrow since a settlement fell through.

[johndooley]

Corzine and Murphy both became rich through Goldman’s IPO. Please explain how getting rich by cashing out stock in a one-time IPO is a replicable strategy for getting rich. Should I also become an early employee at Facebook pre-IPO? The kiddos are out in force today.

David Solomon made $35 million last year. Jamie Gorman and Jamie Dimon made the same. And those numbers do scale down at smaller banks, but are still way higher than a biglaw managing partner can even dream of making. Being CEO, or a high impact C-suite role, at a bank is going to vastly eclipse biglaw partner comp, and the job is massively more enjoyable as well. The top rung of finance comp absolute eclipses law comp in every possible way. It's completely insane to make believe that lawyers and bankers have similar comp ranges as you get more senior.

It’s completely insane to even bring up being CEO of Goldman Sachs. My original point, which was a fair point, is that law is a bit less impressive in NYC because so many other people make equal or greater money.

Since there are only a handful of big bank CEOs, they have nothing to do with this conversation. Should OP go into show business because the CEOs of Disney and Warner Brothers make bank?

They don't have to bring up CEOs. MDs are on call less, make as much or more than a V50/100 partner, and do more interesting work. Lawyers are by no means NYC elite, even the managing partners. They don't get the nicest apartments, the nicest cars, the best schools for their children. If corporate America was a football team, the big firm lawyers would be the locker room janitor cleaning the mess.

Another fine example of a reasonable question asked on TLS derailed by a bunch of weird lawyers arguing over absurd concepts like what the "NYC elite" is (newsflash, a partner making $3-4m at a V-whatever for 15-20 years is comfortably in the "NYC elite" and can most certainly afford a nice apartment, whatever car they want, and whatever school they want for their kids).

Someone at that income will almost certainly not sit on important NYC boards, join the most prestigious clubs and organizations, or send their children to the finest private schools. They may be able to afford the posted tuition, but it is understood a hefty donation is in order to secure a place after demographic balancing, faculty children, and recruited athletes are taken into account. Your definition of "elite" is having two domestic cars, a 3-br apartment with sub-50% down, and a 401(k). You need to aim higher.

All of your comments are 100% funnier when you take into account that you're a random hotel butler from suburban Orlando shilling hard for random WS bankers that you met while they were on their disney vacations. You don't actually know what you're talking about. First, a "hefty donation" isn't actually required to secure a place at these schools (that's just what the banker you talked to had to do to get his dumbass child in after he bombed his ISEE exams 2 years in a row). Second, who cares what "prestigious clubs and organizations" you belong to? Whoop-de-doo, I'm not a member of some stuffy social club that didn't admit women or black people until 1992, where the median age is 82. You're so unhinged lmao, why are you even commenting on this thread?

Hey next time post anonymously instead of using your username first. See you around, TacoLawyer.

[johndooley]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Fair. By "people", I meant posters on TLS (i.e. lawyers).

Regarding NY v. LA, I was just speaking from my experience -- Wasn't trying to make a generalization. I agree it will be highly firm and office dependent.

Yea they are grossly insecure. Monochromatic Ouevre or whatever his username is had some funny rants on this, so many big law lawyers thinking they could have made it in IB and PE.

Most lawyers at large firms would seriously struggle with the LA dating market. They are best to stay in a colder climate where layering up can hide some baggage.

[Anonymous User]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Fair. By "people", I meant posters on TLS (i.e. lawyers).

Regarding NY v. LA, I was just speaking from my experience -- Wasn't trying to make a generalization. I agree it will be highly firm and office dependent.

Yea they are grossly insecure. Monochromatic Ouevre or whatever his username is had some funny rants on this, so many big law lawyers thinking they could have made it in IB and PE.

Most lawyers at large firms would seriously struggle with the LA dating market. They are best to stay in a colder climate where layering up can hide some baggage.

Dooley is truly the Andrew Tate of TLS, lmfao.

[Anonymous User]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Fair. By "people", I meant posters on TLS (i.e. lawyers).

Regarding NY v. LA, I was just speaking from my experience -- Wasn't trying to make a generalization. I agree it will be highly firm and office dependent.

Yea they are grossly insecure. Monochromatic Ouevre or whatever his username is had some funny rants on this, so many big law lawyers thinking they could have made it in IB and PE.

Most lawyers at large firms would seriously struggle with the LA dating market. They are best to stay in a colder climate where layering up can hide some baggage.

.

[johndooley]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Fair. By "people", I meant posters on TLS (i.e. lawyers).

Regarding NY v. LA, I was just speaking from my experience -- Wasn't trying to make a generalization. I agree it will be highly firm and office dependent.

Yea they are grossly insecure. Monochromatic Ouevre or whatever his username is had some funny rants on this, so many big law lawyers thinking they could have made it in IB and PE.

Most lawyers at large firms would seriously struggle with the LA dating market. They are best to stay in a colder climate where layering up can hide some baggage.

Dooley is truly the Andrew Tate of TLS, lmfao.

The People’s Poster

[Res Ipsa Loquitter]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

[johndooley]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

[Res Ipsa Loquitter]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

[Anonymous User]

Lawyers make more than financiers and are less beholden to clients/portcos.

On average I think the first is true. Biglaw definitely beats MM ibanking, and probably a good chunk of BBs. Sure, GS TMT is going to beat you, but they also work far harder and burn out far more. Second you're probably right on, simply that the guy who controls the money is more important than the paper pusher (but that changes with litigators, who are genuinely less beholden to clients than corporate attorneys are).

I know several people who went from banking to law school (most targeting lit, some targeting restructuring).

[johndooley]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Mod Note: the poster of this message has received a 1-week ban for this message combined with their past history.

[johndooley]

Lawyers make more than financiers and are less beholden to clients/portcos.

On average I think the first is true. Biglaw definitely beats MM ibanking, and probably a good chunk of BBs. Sure, GS TMT is going to beat you, but they also work far harder and burn out far more. Second you're probably right on, simply that the guy who controls the money is more important than the paper pusher (but that changes with litigators, who are genuinely less beholden to clients than corporate attorneys are).

I know several people who went from banking to law school (most targeting lit, some targeting restructuring).

Just lol. Most big law attorneys wind up with peanuts in house. Senior associates and non equity partners are not making banking or buy side money. Those who go from banking to law school are dumb.

[dyemond]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

Edit, most relevant, being a lawyer in LA is uncool—you’re a suit, you’re not in entertainment or tech or whatever. In NY, you’re considered finance/finance-adjacent (same with Chi/DC) and so your profession isn’t interpreted as boring in professional circles. Same thing with IB/PE/whatever finance in LA/SF, you’re not tech/entertainment and you’re not a doctor so you’re affirmatively uncool. Maybe you care maybe you don’t but that’s the real cultural difference.

[johndooley]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

For all your comments towards me, you guys sound like rednecks. No high net worth individual is sending their son to law school. He is going into banking or getting an MBA. It is far more prestigious and remunerative. You are the butt boy of corporate America.

[Res Ipsa Loquitter]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Actually I do have input, insofar as closing statements, post-closing adjustments and anything related to, you know, actually closing a deal. It’s my job to help them get that right.

As for the “model” that precedes signing, that’s as pointless as any legal document. The business principals know what they’re willing to pay or accept, so a bank’s financial model is box-checking exercise.

Your assertion that I have “under utilIzed autism” is offensive to people who actually do struggle with autism, and I think your time at TLS will be coming to a close shortly.

[Res Ipsa Loquitter]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

For all your comments towards me, you guys sound like rednecks. No high net worth individual is sending their son to law school. He is going into banking or getting an MBA. It is far more prestigious and remunerative. You are the butt boy of corporate America.

The founder of Blackstone’s son literally worked at Skadden. The high society knowledge you think you have is nowhere close to what you really have. See yourself to the exit.

[tlsguy2020]

My dad was a bulge bracket managing director my lifestyle growing up was pretty close the the lifestyles of my firm’s partners. Fancy suburb, nice vacations, mid-level luxury cars. We certainly didn’t have as much money as David Solomon (or even Scott Barshay etc for that matter).

[johndooley]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Actually I do have input, insofar as closing statements, post-closing adjustments and anything related to, you know, actually closing a deal. It’s my job to help them get that right.

As for the “model” that precedes signing, that’s as pointless as any legal document. The business principals know what they’re willing to pay or accept, so a bank’s financial model is box-checking exercise.

Your assertion that I have “under utilIzed autism” is offensive to people who actually do struggle with autism, and I think your time at TLS will be coming to a close shortly.

Lol the bankers’ numbers matter to a deal. You are a CYA measure in case it goes south, nothing more. Having a say over “closing statements” is pretty meager in terms of a rebuttal.

Most people successful in large firm life hate it. Something is “off” if you enjoy it like you have claimed.

[johndooley]

My dad was a bulge bracket managing director my lifestyle growing up was pretty close the the lifestyles of my firm’s partners. Fancy suburb, nice vacations, mid-level luxury cars. We certainly didn’t have as much money as David Solomon (or even Scott Barshay etc for that matter).

Yea I mean some bankers aren’t great at closing deals

[johndooley]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

For all your comments towards me, you guys sound like rednecks. No high net worth individual is sending their son to law school. He is going into banking or getting an MBA. It is far more prestigious and remunerative. You are the butt boy of corporate America.

The founder of Blackstone’s son literally worked at Skadden. The high society knowledge you think you have is nowhere close to what you really have. See yourself to the exit.

Everything I have written has been about transactional. Litigation is actually law, something I practice and most here do not.

[Res Ipsa Loquitter]

This thread is objectively unhinged

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

For all your comments towards me, you guys sound like rednecks. No high net worth individual is sending their son to law school. He is going into banking or getting an MBA. It is far more prestigious and remunerative. You are the butt boy of corporate America.

The founder of Blackstone’s son literally worked at Skadden. The high society knowledge you think you have is nowhere close to what you really have. See yourself to the exit.

Everything I have written has been about transactional. Litigation is actually law, something I practice and most here do not.

He was in real estate. I’ve actually met him. Whereas you just continue to repeat things you heard online.

[johndooley]

Straight up. OP asked about NYC v. LA. Why are people obsessed with comparing law to investment banking? So many threads devolve into this dumb shit.

Back on topic -- I am in a west coast office and have from time to time worked with partners/groups in NY. I remember thinking to myself at many points, "Man these NY people must not be getting all that much sleep."

"People" are not obsessed with it, lawyers are. Go on Wall Street Oasis, it is not even an argument there which is better because it is as clear as day. How many bankers wish they went to law school as they look back in middle age? How many lawyers regret their path? Lol............

Regarding NY v. LA, of course NY will on average have worse hours in any industry save maybe entertainment. It will be firm and office dependent. If you enjoy living in LA you probably will not like living in NYC and vice versa. Going to LA because there are slightly better hours is dumb.

Dooley you’re normally pretty funny but right now you’re so fucking wrong and delusional that arguing with you is annoying as shit.

Tell us more about the Orlando swinger scene or something entertaining instead of making shit up.

For all your comments towards me, you guys sound like rednecks. No high net worth individual is sending their son to law school. He is going into banking or getting an MBA. It is far more prestigious and remunerative. You are the butt boy of corporate America.

The founder of Blackstone’s son literally worked at Skadden. The high society knowledge you think you have is nowhere close to what you really have. See yourself to the exit.

Everything I have written has been about transactional. Litigation is actually law, something I practice and most here do not.

He was in real estate. I’ve actually met him. Whereas you just continue to repeat things you heard online.

“He was my friend. And my girlfriend goes to another high school”

[Res Ipsa Loquitter]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Actually I do have input, insofar as closing statements, post-closing adjustments and anything related to, you know, actually closing a deal. It’s my job to help them get that right.

As for the “model” that precedes signing, that’s as pointless as any legal document. The business principals know what they’re willing to pay or accept, so a bank’s financial model is box-checking exercise.

Your assertion that I have “under utilIzed autism” is offensive to people who actually do struggle with autism, and I think your time at TLS will be coming to a close shortly.

Lol the bankers’ numbers matter to a deal. You are a CYA measure in case it goes south, nothing more. Having a say over “closing statements” is pretty meager in terms of a rebuttal.

Most people successful in large firm life hate it. Something is “off” if you enjoy it like you have claimed.

Those statements translate to actual dollars being moved. They matter a ton to the front office PE guys. They just don’t matter to you because you know literally nothing about M&A, despite pretending to be an expert on everything.

[johndooley]

I think the main point here is that, whatever level of lifestyle / financial security / prestige that biglaw buys in NYC, it buys a bit more in Los Angeles — although LA is by no means a cheap place to live. The trolling by Dooley has gone off the rails and is not accurate information in any sense.

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Actually I do have input, insofar as closing statements, post-closing adjustments and anything related to, you know, actually closing a deal. It’s my job to help them get that right.

As for the “model” that precedes signing, that’s as pointless as any legal document. The business principals know what they’re willing to pay or accept, so a bank’s financial model is box-checking exercise.

Your assertion that I have “under utilIzed autism” is offensive to people who actually do struggle with autism, and I think your time at TLS will be coming to a close shortly.

Lol the bankers’ numbers matter to a deal. You are a CYA measure in case it goes south, nothing more. Having a say over “closing statements” is pretty meager in terms of a rebuttal.

Most people successful in large firm life hate it. Something is “off” if you enjoy it like you have claimed.

Those statements translate to actual dollars being moved. They matter a ton to the front office PE guys. They just don’t matter to you because you know literally nothing about M&A, despite pretending to be an expert on everything.

Yea I’m sure the PE guys are on the edge of their seats worrying about indemnities and warranty insurance. It’s so riveting and important they probably look at your redlines and check the cross tabs.

Tellers’ jobs involve moving money too. Mine does not directly, somehow I am pretty sure I make more than you. YMMV.

[Res Ipsa Loquitter]

Right. Lawyers make more than financiers and are less beholden to clients/portcos.

Next time you speak to a BB VP go tell him to update his model and prepare some docs for you. See how it goes. Don’t hold your wife too tight when in a room with men making more than you.

Bulge bracket banks rarely ever deal with “portcos” — that’s private equity terminology. VP is not very high up in IBD and I talk to VPs all the time about their “models” — some are clients, some are friends, some are family.

Personally I enjoy biglaw, and your campaign to make me cry uncle and admit I hate my job is in vain.

I know VP isn’t high up. That’s the point. You, as a lawyer, have zero input or oversight of their financial models. They have tons over your “legal work.”

You enjoy it because you have no hard skills or passions and your under utilized autism can help you push through what is a remarkably boring and unfulfilling life.

Actually I do have input, insofar as closing statements, post-closing adjustments and anything related to, you know, actually closing a deal. It’s my job to help them get that right.

As for the “model” that precedes signing, that’s as pointless as any legal document. The business principals know what they’re willing to pay or accept, so a bank’s financial model is box-checking exercise.

Your assertion that I have “under utilIzed autism” is offensive to people who actually do struggle with autism, and I think your time at TLS will be coming to a close shortly.

Lol the bankers’ numbers matter to a deal. You are a CYA measure in case it goes south, nothing more. Having a say over “closing statements” is pretty meager in terms of a rebuttal.

Most people successful in large firm life hate it. Something is “off” if you enjoy it like you have claimed.

Those statements translate to actual dollars being moved. They matter a ton to the front office PE guys. They just don’t matter to you because you know literally nothing about M&A, despite pretending to be an expert on everything.

Yea I’m sure the PE guys are on the edge of their seats worrying about indemnities and warranty insurance. It’s so riveting and important they probably look at your redlines and check the cross tabs.

Tellers’ jobs involve moving money too. Mine does not directly, somehow I am pretty sure I make more than you. YMMV.

Yeah, a direct adjustment to the purchase price can’t possibly matter to the PE client — a lawyer was involved, so it must be totally pointless and pathetic!