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Can I do both Tax and M&A?
Posted: Sat May 01, 2021 11:25 pm
by Anonymous User
An incoming first-year associate here. I was very intrigued by Corporate Tax. But the problem is, I also want to do M&A work. So, it brings me to M&A tax. Just curious, is it realistic to be an M&A tax lawyer who also does M&A deals? At least my firm doesn't do that. Is there any firm that allows it? Or, am I just daydreaming...
Still, many thanks in advance!
Re: Can I do both Tax and M&A?
Posted: Sat May 01, 2021 11:35 pm
by Anonymous User
No.
Re: Can I do both Tax and M&A?
Posted: Sat May 01, 2021 11:54 pm
by Anonymous User
Only if you are at Gibson and graduated summa cum laude
Re: Can I do both Tax and M&A?
Posted: Sun May 02, 2021 12:17 am
by Anonymous User
Anonymous User wrote: ↑Sat May 01, 2021 11:25 pm
An incoming first-year associate here. I was very intrigued by Corporate Tax. But the problem is, I also want to do M&A work. So, it brings me to M&A tax. Just curious, is it realistic to be an M&A tax lawyer who also does M&A deals? At least my firm doesn't do that. Is there any firm that allows it? Or, am I just daydreaming...
Still, many thanks in advance!
you can do a lot of specialist work on deals as a tax lawyer, (and that can drive a lot of the structuring) but you're not going to be part of the deal team if that is the case (and vice versa)
Re: Can I do both Tax and M&A?
Posted: Sun May 02, 2021 7:27 pm
by Anonymous User
Coming from someone who was forced to split tax and general corp. as a junior, don’t do this. You don’t get the experience on the tax side that you need early on, and on the corporate side as a junior you’re not doing anything where tax knowledge is useful and you’re also not getting sufficient corporate reps.
You’re also a toxic asset if you need to lateral.
Re: Can I do both Tax and M&A?
Posted: Sun May 02, 2021 7:43 pm
by unlicensedpotato
There are plenty of transactional lawyers at smaller firms who run the deal and also advise on tax aspects. But for biglaw firms I don't see how you could or want to work in both groups at once. As someone said above, you wouldn't get the proper development for either track.