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In-House Exit Options for Banking

Posted: Wed Jul 16, 2014 6:28 pm
by Anonymous User
Wall Street supplies a lot of the deals and fee-generating cash flow for New York firms. Given that, corporate work at a NY V20 largely revolves around banks and investment firms.

After associates leave the firm, however, what practice groups lend themselves particularly well to different places within the banks?
I imagine work in white collar investigations lends itself to compliance.
If you were to put in 3-4 years at STB/DPW's banking and finance practice, however, what does that lead to?
Financial regulatory work at Davis?
Do the above options change after 5-6 years at the firm, instead of 3-4?

I'm not looking to exit to anything with equity, necessarily, but what other in-house bank positions are out there?

Thanks!

Re: In-House Exit Options for Banking

Posted: Thu Jul 17, 2014 1:39 pm
by starrydreamz3
Anonymous User wrote:Wall Street supplies a lot of the deals and fee-generating cash flow for New York firms. Given that, corporate work at a NY V20 largely revolves around banks and investment firms.

After associates leave the firm, however, what practice groups lend themselves particularly well to different places within the banks?
I imagine work in white collar investigations lends itself to compliance.
If you were to put in 3-4 years at STB/DPW's banking and finance practice, however, what does that lead to?
Financial regulatory work at Davis?
Do the above options change after 5-6 years at the firm, instead of 3-4?

I'm not looking to exit to anything with equity, necessarily, but what other in-house bank positions are out there?

Thanks!
From my previous experience at an investment bank (so completely anecdotal), all business lines had a dedicated in house team of lawyers. So while there were firmwide functions (like antimoney laundering compliance and our in-house litigators), most lawyers were dedicated to a certain business. Think asset management, trading lines (commodities, equity derivatives), and investment banking (debt/equity capital market underwriting, IPO advisory). So I would think that what you work on in corporate law firm would fit well into one of those positions.