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Exit Options

Posted: Tue Sep 18, 2012 11:55 pm
by Anonymous User
Do the exit options at the 4-5 year point differ greatly between the litigation and transactional side at a V25 firm (satellite office in my case)?

Re: Exit Options

Posted: Tue Sep 18, 2012 11:56 pm
by Anonymous User
Anonymous User wrote:Do the exit options at the 4-5 year point differ greatly between the litigation and transactional side at a V25 firm (satellite office in my case)?
Yes, of course they do.

Re: Exit Options

Posted: Tue Sep 18, 2012 11:58 pm
by Anonymous User
how so?, where do people go from litigation vs. transactional?

I imagine transactional leads to in -house more, but where do litigation end up?

Re: Exit Options

Posted: Wed Sep 19, 2012 12:46 am
by Anonymous User
My OCS told me Lit tends to go Gov't after a few years and Transactional tends to go in-house.

Anecdotal however, I've definitely known exceptions to both these general rules.

Re: Exit Options

Posted: Wed Sep 19, 2012 12:52 am
by thesealocust
There was a study somewhere that found ~67% of inhouse attorneys came from corporate backgrounds while ~33% came from litigation backgrounds.

Conversely I'd imagine government and boutique firms are disproportionately litigators.

Re: Exit Options

Posted: Wed Sep 19, 2012 12:53 am
by anon168
Anonymous User wrote:how so?, where do people go from litigation vs. transactional?

I imagine transactional leads to in -house more, but where do litigation end up?
There are in-house positions for lateral litigation candidates, just not as many as there are for corporate folks. Other exit options for litigators are government, public interest, or as an analyst type position with either the judicial or legislative branches.