Top Law Schools

Choosing groups within one Big 4.
SALT (state and local tax): minimal compliance work, no transfer pricing, opportunity to freely move/handle work for indirect, corporate income, and m&a tax groups within SALT your first associate year and your summer within the group.

International: common interaction with transfer pricing and general m&a groups, some compliance work expected.

Thoughts?

International.

Never believe them when they tell you minimal compliance. when push comes to shove, you will do compliance work. Salt compliance is the most miserable compliance work possible, too.

This is not even close in my mind. International >>>>>> SALT.

What are hours like amongst the two? Exit opps?

Anonymous User wrote:What are hours like amongst the two? Exit opps?

In my experience international had much better hours than SALT (and they pay more, at least for the big4 that I was at).

Both international and salt can exit into in house compliance roles but I think overall exit ops are better for international tax people (with a higher likelihood to go in house as tax counsel imo).

Debating whether to go after an international tax position (have a fairly influential soft-referral if I choose to take it) or get out of law entirely.

Can somebody speak to intentional tax? How shitty is the work-life balance? What's the pay for a JD and a few years of experience? By higher likelihood of going in-house as tax counsel, what kind of likelihood are we looking at (particularly compared to biglaw).

Anonymous User wrote:Debating whether to go after an international tax position (have a fairly influential soft-referral if I choose to take it) or get out of law entirely.

Can somebody speak to intentional tax? How shitty is the work-life balance? What's the pay for a JD and a few years of experience? By higher likelihood of going in-house as tax counsel, what kind of likelihood are we looking at (particularly compared to biglaw).

Are you a big law tax associate currently?

I used to work in ITS at pwc. This isn’t even close, as everyone mentioned. SALT is predominantly CPAs doing compliance work (with the insane busy seasons). There is SALT M&A, but those associates usually end up having to do compliance work.

ITS in most areas seems to be 70/30 attorneys/CPAs. It’s a lot more structuring, due diligence and memo drafting. I only had to do compliance when I needed more utilization hours.

A lot of attorneys I know who left my ITS team went into startups and small companies as tax counsel. I think they still have to do tax compliance to an extent, but they do get the “counsel” title.

Can someone explain utilization hours to me? There is some kind of requirement? Is it not like a regular corporate job where you just do whatever X assignment / project you're assigned?

Yugihoe wrote:Can someone explain utilization hours to me? There is some kind of requirement? Is it not like a regular corporate job where you just do whatever X assignment / project you're assigned?

utilization is chargeable hours (billable) a week divided by 40. Ex: If you charge 36 hours a week you are 90% utilized.

Anonymous User wrote:

Anonymous User wrote:What are hours like amongst the two? Exit opps?

In my experience international had much better hours than SALT (and they pay more, at least for the big4 that I was at).

Both international and salt can exit into in house compliance roles but I think overall exit ops are better for international tax people (with a higher likelihood to go in house as tax counsel imo).

Sorry wrong necro -- same anon as below

Anonymous User wrote:Debating whether to go after an international tax position (have a fairly influential soft-referral if I choose to take it) or get out of law entirely.

Can somebody speak to intentional tax? How shitty is the work-life balance? What's the pay for a JD and a few years of experience? By higher likelihood of going in-house as tax counsel, what kind of likelihood are we looking at (particularly compared to biglaw).

Bump