How does a lateral junior associate fail due diligence? Minor example Forum

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objctnyrhnr

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How does a lateral junior associate fail due diligence? Minor example

Post by objctnyrhnr » Tue Jul 10, 2018 8:07 pm

Wondering if anybody has any examples of relatively minor things that made lateral lower level associate candidates fail the due diligence review (independent of conflicts check).

How high a bar would it be to actually fail and lose an offer?

chingwoo

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by chingwoo » Tue Jul 10, 2018 11:01 pm

How many change of control provisions did you miss?

objctnyrhnr

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by objctnyrhnr » Tue Jul 10, 2018 11:35 pm

chingwoo wrote:How many change of control provisions did you miss?
Don’t know what that means. Got offer, going through diligence. Just scared of tripping at the finish line. Maybe it’s the boogeyman I dunno.

What would it take to fail one of these things?

raptors_delight

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by raptors_delight » Wed Jul 11, 2018 12:37 am

chingwoo wrote:How many change of control provisions did you miss?
:D

objctnyrhnr

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by objctnyrhnr » Wed Jul 11, 2018 7:31 am

Can I get a real response haha

What are these independent firms contracted to find (or try to find) on lateral offerrees?

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gregfootball2001

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by gregfootball2001 » Wed Jul 11, 2018 8:56 am

objctnyrhnr wrote:Wondering if anybody has any examples of relatively minor things that made lateral lower level associate candidates fail the due diligence review (independent of conflicts check).

How high a bar would it be to actually fail and lose an offer?
I don't understand what you're asking, if you're not asking about a conflicts check. You mean things like credit score? I can't imagine an offer being withdrawn for something like that. If you're a felon, maybe there'd be an issue, but obviously you passed C&F so really it shouldn't be a problem. Some specifics would help give you a better answer.

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by Anonymous User » Wed Jul 11, 2018 9:06 am

It's unheard of. You're just displaying the worrywart lawyer mentality.

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by Anonymous User » Wed Jul 11, 2018 9:26 am

Like anything in big law (once you get in), the bar is low and if you have a pulse and half a personality, you will be fine

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Re: How does a lateral junior associate fail due diligence? Minor example

Post by Anonymous User » Wed Jul 11, 2018 10:51 am

Anonymous User wrote:It's unheard of. You're just displaying the worrywart lawyer mentality.
This is what I wanted to hear. This is what my wife says. First time break into biglaw (from clerkship/govt), so I suppose I’m just nervous something will fall apart when I’m this close, as I’ve already accepted the conditional offer.

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