How To Get Out Of The Veil
Posted: Wed Sep 04, 2013 10:37 am
This post is for people that are graduating unemployed, or have uncertain futures because they struck out or do not have a decent full-time option after 2L OCI. There are three main things that I will discuss: (1) Finding a Path, (2) Getting Work Experience, and (3) Networking. To give a little background about myself - I went to a T-14 school and graduated a little below median. I struck out at 2L OCI because I had grades in the bottom 5% of the class. Even with those grades I managed callbacks at V50 NYC firms through networking and creating my own contacts (I had no previous connections, cold called every single person). I struck out but after taking the bar managed to get a consulting job at one of the top 10 Vault consulting firms (not MBB) as an MBA-level hire.
(1) Finding a Path
Striking out at OCI can be daunting and a blow to one's ego. If you have good grades, OCI can still be hard as I know many with high grades who struck out. This, however, is not the time to wallow and get depressed, which believe me, is very easy to do. This is the time to think about your real goals upon graduation, in 5 years, in 10 years, etc. If you strike out at OGI, this is the time to take a long investment approach to your future. Think hard about what you want to do with your career, and understand that it is 98% likely that a big law career will not be a part of that. If you were an undergraduate finance/math/engineering student, then the business world is still an option. Take business school classes, take transactional law classes, and come up with a real story about why you went to law school if you are transitioning to finance/consulting/etc. For me, I was a business undergrad, and my story was that my quant skills were great, but that the financial crisis peaked my interest in the framework that the markets operate in and that I wanted to learn more about how regulations incentivize financial institutions to act the way they do. Come up with your own story for the path you want to take. I know others that hit the pavement on the DA/PD side and have all been successful at standing out in those interviews for full-time. Just figure out your alternative path and go for it head on.
(2) Gain Work Experience
This is how you create leverage, or incentives, for employers to hire you. Not only will you have to be fairly charming, but you will have to work your ass off during the school year gaining experience that would be relevant for the types of jobs that you want to pursue after graduation. At the same time, you must keep your grades up, especially if low after 1L year. If you are interested in the finance industry or any type of business focused endeavors, then start networking and try and find a place somewhere to work 15 hours a week during school. This can include a transactional law firm, a federal regulator, an asset management firm, Private Wealth Management, etc. If you want to do PD/DA, then try and get in with a local judge, or a DA/PB office, or even just a criminal defense firm. Any experience that is relevant will not only look great on your resume, but will help you stand out since most do not work during law school. Work experience is important because it builds credibility, if people are willing to give you a shot then others are likely to follow suit. Also, it gives you perspective as to what most employers are looking for - someone that adds value to their company. Big law may be the only profession I have ever seen that couldn't care less about what you bring to the table, meaning, if you didn't have decent grades, then forget it. The rest of the world is not like this, and while grades are fairly important, the intangibles are far more important. Learn to pick up these intangibles (team player, good communication, work ethic, personable, presentation skills) while working part-time.
(3) Networking
This may be the most important thing on here. Networking is key to getting a job in today's world. Like many of you, I had ZERO connections to the legal world, and my only connections to business were undergraduate friends, many of whom were now in business school getting their MBA. You should never stop networking, EVER. Whether your have a job or not, you never know when a good opportunity will present itself through getting to know people. The best way to networking is through your UG and law school alumni, cold calling (emailing) is perfectly fine and if possible, arrange to meet in person for drinks or coffee. I still have people I networked with before law school (partners at huge NYC firms) hitting me up to check up on me. Even if they cannot get me an offer, it is still a great contact to have and a place for a potential move later in your career. Do not be afraid to approach people and let them know you want a job, the key is doing it in a confident way that makes them want to hire you. I got a job at well-known investment firm solely by having lunch with a managing director and asking him for an internship. That turned into not only great experience on the legal and financial side, but also over $30K in earnings over the course of law school. Be persistent, be confident, and most importantly, BE PERSONABLE. The easiest way to get someone to do something for you is to have them like you.
All of this is going to take a lot of hard work. To put it in perspective - I emailed probably 500+ partners, investment bankers, asset managers, etc. I applied to over 500 law firms, 10 consulting firms and a few investment banks, worked 35+ hour weeks, and pulled a 3.4 my last two years of law school. But I ended up with a great job, in the city I wanted to be in. If my lazy ass can do it, then so can you crazy people
(1) Finding a Path
Striking out at OCI can be daunting and a blow to one's ego. If you have good grades, OCI can still be hard as I know many with high grades who struck out. This, however, is not the time to wallow and get depressed, which believe me, is very easy to do. This is the time to think about your real goals upon graduation, in 5 years, in 10 years, etc. If you strike out at OGI, this is the time to take a long investment approach to your future. Think hard about what you want to do with your career, and understand that it is 98% likely that a big law career will not be a part of that. If you were an undergraduate finance/math/engineering student, then the business world is still an option. Take business school classes, take transactional law classes, and come up with a real story about why you went to law school if you are transitioning to finance/consulting/etc. For me, I was a business undergrad, and my story was that my quant skills were great, but that the financial crisis peaked my interest in the framework that the markets operate in and that I wanted to learn more about how regulations incentivize financial institutions to act the way they do. Come up with your own story for the path you want to take. I know others that hit the pavement on the DA/PD side and have all been successful at standing out in those interviews for full-time. Just figure out your alternative path and go for it head on.
(2) Gain Work Experience
This is how you create leverage, or incentives, for employers to hire you. Not only will you have to be fairly charming, but you will have to work your ass off during the school year gaining experience that would be relevant for the types of jobs that you want to pursue after graduation. At the same time, you must keep your grades up, especially if low after 1L year. If you are interested in the finance industry or any type of business focused endeavors, then start networking and try and find a place somewhere to work 15 hours a week during school. This can include a transactional law firm, a federal regulator, an asset management firm, Private Wealth Management, etc. If you want to do PD/DA, then try and get in with a local judge, or a DA/PB office, or even just a criminal defense firm. Any experience that is relevant will not only look great on your resume, but will help you stand out since most do not work during law school. Work experience is important because it builds credibility, if people are willing to give you a shot then others are likely to follow suit. Also, it gives you perspective as to what most employers are looking for - someone that adds value to their company. Big law may be the only profession I have ever seen that couldn't care less about what you bring to the table, meaning, if you didn't have decent grades, then forget it. The rest of the world is not like this, and while grades are fairly important, the intangibles are far more important. Learn to pick up these intangibles (team player, good communication, work ethic, personable, presentation skills) while working part-time.
(3) Networking
This may be the most important thing on here. Networking is key to getting a job in today's world. Like many of you, I had ZERO connections to the legal world, and my only connections to business were undergraduate friends, many of whom were now in business school getting their MBA. You should never stop networking, EVER. Whether your have a job or not, you never know when a good opportunity will present itself through getting to know people. The best way to networking is through your UG and law school alumni, cold calling (emailing) is perfectly fine and if possible, arrange to meet in person for drinks or coffee. I still have people I networked with before law school (partners at huge NYC firms) hitting me up to check up on me. Even if they cannot get me an offer, it is still a great contact to have and a place for a potential move later in your career. Do not be afraid to approach people and let them know you want a job, the key is doing it in a confident way that makes them want to hire you. I got a job at well-known investment firm solely by having lunch with a managing director and asking him for an internship. That turned into not only great experience on the legal and financial side, but also over $30K in earnings over the course of law school. Be persistent, be confident, and most importantly, BE PERSONABLE. The easiest way to get someone to do something for you is to have them like you.
All of this is going to take a lot of hard work. To put it in perspective - I emailed probably 500+ partners, investment bankers, asset managers, etc. I applied to over 500 law firms, 10 consulting firms and a few investment banks, worked 35+ hour weeks, and pulled a 3.4 my last two years of law school. But I ended up with a great job, in the city I wanted to be in. If my lazy ass can do it, then so can you crazy people