Page 1 of 1
Lateraling out of startup/emerging companies
Posted: Tue Jan 17, 2017 12:49 am
by Anonymous User
I am a junior associate (first year) in firm doing emerging companies/startup work in a non SV/SF/Boston area. Law firm isn't prestigious.
For various reasons I do not want to work in this field
What's the best way to lateral out of this practice area? Would moving in-house be viable? Which practice areas are viable fora firm?
Re: Lateraling out of startup/emerging companies
Posted: Tue Jan 17, 2017 1:02 am
by RickSanchez
I think tech transactions practice would be a good practice area to transition into from emerging companies.
Could you share with us why you are no longer interested in emerging companies work?
Re: Lateraling out of startup/emerging companies
Posted: Tue Jan 17, 2017 1:23 am
by Anonymous User
Also curious as to why OP would like to get out of emerging companies work. I'm doing leverage finance but would like to get into that area.
Re: Lateraling out of startup/emerging companies
Posted: Tue Jan 17, 2017 6:17 pm
by Anonymous User
bump
Re: Lateraling out of startup/emerging companies
Posted: Wed Jan 18, 2017 7:20 pm
by Anonymous User
My friend is working in that practice group (biglaw) in the Bay Area, hates it and moved on.
The complaints are as follows: startup CEOs and employees call her all the time even during her vacation. Since startups thrive on speed, they always ask for prompt response but what they pay is very cheap, compared to other clients. They are not sophisticated clients so she has to constantly "educate" them. Since their budgets are ALWAYS tight, they always ask for price nego endlessly. Partners bring in startup clients for a very very cheap price (I guess it's part of client acquisition strategy) so she has to work on every weekend. Workload is crazy. etc
Re: Lateraling out of startup/emerging companies
Posted: Wed Jan 18, 2017 7:36 pm
by Anonymous User
Anonymous User wrote:My friend is working in that practice group (biglaw) in the Bay Area, hates it and moved on.
The complaints are as follows: startup CEOs and employees call her all the time even during her vacation. Since startups thrive on speed, they always ask for prompt response but what they pay is very cheap, compared to other clients. They are not sophisticated clients so she has to constantly "educate" them. Since their budgets are ALWAYS tight, they always ask for price nego endlessly. Partners bring in startup clients for a very very cheap price (I guess it's part of client acquisition strategy) so she has to work on every weekend. Workload is crazy. etc
Do you mind sharing which firm? I'm trying to interview with few firms in SF/SV for startup practice
Re: Lateraling out of startup/emerging companies
Posted: Thu Jan 19, 2017 8:09 am
by Yankees1313
Op, If you don't mind, could you pm me I would like to ask some questions as I will be doing this type of work after law school?