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If you're referring to an inhouse legal role with a fund, you have a good point unless it's one of the larger funds that structure their teams like law firms.
- R
What will you advise someone who is planning to enter this practice area and still has time to make a smooth switch to other areas?
Shall I stick to this because I like it or explore other areas because of the reasons cited by OP?
I do actually enjoy what I do currently.
When they IPO, you will be of added value.
Top heavy practice area: The practice leaders (YA,PG, ML, BP) in this space are still young. Then you have the next set of 2-/25 partners who are responsible for BD and high-level supervision on deals. Everyone else is just a glorified PA. Keeping this in mind, there may not be a lot of scope to grow beyond a certain point.
Long hours, entitled clients: Investment bankers and issuer clients are growing increasingly demanding every passing year. There are no weekends or downtime anymore. 10-10, 6 days a week is simply not sustainable.
I want to gauge what else I can do out there. Like most capital markets lawyers - I am fairly average at law, but great at project execution and people management. Is there any sector out there that can pay for these skills? I would like to avoid costly degrees. New career need not be in the legal space. Any guidance folks?