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I’m thinking about moving in house at a large asset management firm (Blackrock, Blackstone, etc). Can you share your in-house success stories (e.g., why you moved in-house, what you like about it, etc)?

Anonymous User wrote: ↑

Sat Apr 23, 2022 9:48 pm

I’m thinking about moving in house at a large asset management firm (Blackrock, Blackstone, etc). Can you share your in-house success stories (e.g., why you moved in-house, what you like about it, etc)?

The hours. I “work” 40 hours a week most weeks and that includes periods of downtime, socializing, easy meetings, etc. I worked 60 every week or more at a firm and the work was a lot harder. I have a wife who works a bunch and have kids, so the hours were VERY important to me.

Not sure you’ll get that at the firms you are looking at, though.

Hours are great - no need to seek out work when things are slow, you just get to enjoy it.

I don't work at a huge company, so I'm not pigeon-holed. Get to branch out beyond my practice area and try new things.

Partners now woo me.

Get to get involved in business and strategic decision-making, and setting policies for the company.

jhett wrote: ↑

Mon Apr 25, 2022 5:44 pm

Hours are great - no need to seek out work when things are slow, you just get to enjoy it.

I don't work at a huge company, so I'm not pigeon-holed. Get to branch out beyond my practice area and try new things.

Partners now woo me.

Get to get involved in business and strategic decision-making, and setting policies for the company.

This definitely one of the best perks.

Anonymous User wrote: ↑

Sat Apr 23, 2022 9:48 pm

I’m thinking about moving in house at a large asset management firm (Blackrock, Blackstone, etc). Can you share your in-house success stories (e.g., why you moved in-house, what you like about it, etc)?

I'm not in-house (still in the biglaw life at the moment), but one of my mentors has great things to say about it. Works until 5:30 (6:00 or 6:30 if needed, but unusual), and is involved in a broader range of legal and business work, although could sometimes be hours of low-stakes contract negotiation. After 5-7 years, he moved to a younger technology company for a combination of more interesting work + more upside on the comp. He has a family and is very happy with his choice and lifestyle.

That being said, like another poster mentioned, it's possible that the asset management firm/Blackrock, etc. experience will be busier than a standard F500 or the like. You should be clear during your interview process what the expectations are and ask others in those kinds of firms what their lifestyles are like. I know with some banks, people join as in-house counsel and are surprised to find that they work the same weekends and late nights as they did when they were in biglaw.