Big Fed interested in big law
Posted: Wed Jun 03, 2020 10:56 am
I don't want to out myself so I can only describe high-level details. I'm a relatively recent graduate (3-6 years out, T35) working on the policy/business side in Big Fed (FRB, FDIC, OCC, SEC, CFTC) in DC. I don't have big law experience but am interested in transitioning to an FS regulatory practice group. Before Big Fed, I worked in a multi-client FS-policy-oriented role (further description may out me), so I haven't practiced law. Love DC and would prefer to stay long-term, but open to other markets if better opportunities.
My work is relatively niche and deals with specific Dodd-Frank provisions (further description would out me), and my group's portfolio is large institutions. I'm not in legal, but work closely with them often (rulemakings, guidance, testimony, speeches, reg/legislative analysis, etc.).
I'm aware of the pros and cons of Big law vs. Big Fed, and know that I want to explore my options with big law. My questions are:
1) Recognizing my lack of big law experience (or even legal practice) puts me at a disadvantage, does policy/business side transfer to an FS reg group, or would I need to work in legal at the/an agency? I'm willing to class down, if that matters.
2) The current environment will obviously limit hiring/networking options for the foreseeable future, but should I reach out to specific firms? Are some firms more open to non-legal practicing backgrounds then others?
3) Excluding obvious ties (friends, alumni, etc.) should I reach out to practice group heads, partners, or associates?
Feel free to pm me if you need/want more detail, thanks in advance for the help.
My work is relatively niche and deals with specific Dodd-Frank provisions (further description would out me), and my group's portfolio is large institutions. I'm not in legal, but work closely with them often (rulemakings, guidance, testimony, speeches, reg/legislative analysis, etc.).
I'm aware of the pros and cons of Big law vs. Big Fed, and know that I want to explore my options with big law. My questions are:
1) Recognizing my lack of big law experience (or even legal practice) puts me at a disadvantage, does policy/business side transfer to an FS reg group, or would I need to work in legal at the/an agency? I'm willing to class down, if that matters.
2) The current environment will obviously limit hiring/networking options for the foreseeable future, but should I reach out to specific firms? Are some firms more open to non-legal practicing backgrounds then others?
3) Excluding obvious ties (friends, alumni, etc.) should I reach out to practice group heads, partners, or associates?
Feel free to pm me if you need/want more detail, thanks in advance for the help.