Currently a rising 3L finishing up my SA program at a national firm in Dallas. I need to submit my practice group preferences soon and am split between M & A and Healthcare Transactional. I enjoyed the healthcare work more, but am unsure of the future of the practice specifically in Texas. Does anyone have any insight on whether this is a growing practice that Texas biglaw will focus on growing/are there good exit prospects?
Thanks in advance!!!
Healthcare Transactional in Texas Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
Anonymous User
- Posts: 432497
- Joined: Tue Aug 11, 2009 9:32 am
Re: Healthcare Transactional in Texas
The healthcare exit options are much better. Both to smaller/boutique firms that do this type of work, but also in-house. The work is interesting and as long as the government is paying for healthcare, it will be highly regulated, so you will have work in some way/shape/form. This is the busiest I've been in my entire career (mid-level/almost sr. associate). My firm has a Texas outpost and we are searching for HC attorneys all the time. We have enough work to sustain a lot more people and our juniors are getting a ton of experience because there is plenty to hand off.
It is a fairly recession proof area, particularly if your practice is more of a hybrid (i.e., you don't just do the regulatory stuff, but also learn the deal side of things). Lots of firms are moving to more of a hybrid model for their HC deal lawyers, so recruiters are constantly looking for well-trained HC lawyers who can do both the regulatory (Stark/HC fraud and abuse analysis) and deal work. Also, if for some reason deal work dries up a bit (happened a bit when COVID-19 hit), then you can switch over to doing operational stuff because you have the regulatory background. Also, if for some reason your particular firms isn't doing as well, you can jump ship to a ton of different firms that need HC associates or even do midlaw for a while somewhere like Nashville or smaller markets that have a concentration of HC work.
It is a fairly recession proof area, particularly if your practice is more of a hybrid (i.e., you don't just do the regulatory stuff, but also learn the deal side of things). Lots of firms are moving to more of a hybrid model for their HC deal lawyers, so recruiters are constantly looking for well-trained HC lawyers who can do both the regulatory (Stark/HC fraud and abuse analysis) and deal work. Also, if for some reason deal work dries up a bit (happened a bit when COVID-19 hit), then you can switch over to doing operational stuff because you have the regulatory background. Also, if for some reason your particular firms isn't doing as well, you can jump ship to a ton of different firms that need HC associates or even do midlaw for a while somewhere like Nashville or smaller markets that have a concentration of HC work.
