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This is really going to depend on what firm you work at. In some firms, you will just be fed work from other offices and so it won’t be any different from any other office. In DC-centric firms, it’s often M&A with a regulatory overlay because DC firms often have strong regulatory practices that can bring in deal work (e.g., aerospace and defense, life sciences, financial services). I would say that deal sizes will be smaller on average and that you are more likely to have private deals.
Regarding opportunity for promotion to partner, it really is whether you can make a practice for your self that supports a regular stream of work. Not really different from anywhere else. I guess one hard thing is that there aren’t a ton of corporate clients based in DC, but firms are often able to still get clients from other locales, often on the strength of their regulatory practices, which aren’t found in a lot of other places.
Thank you for sharing!
I’m a 4th year M&A associate at a midsize firm in DC. All of the partners I work with are in other major cities but being in the DMV area offers a lot of opportunity to have a wider spread of clients. I work with clients across the east coast + Midwest (where I was previously based). And, it’s less competitive which is a plus for me personally. Happy to chat more if you’d like to DM.