{ "media_type": "text", "post_content": "Could someone describe what ERISA/Exec Comp practice is like? Is it mostly deferred comp/retirement stuff you’d be handling?\n\nEdit: any insight as to the demands of the practice are also appreciated", "post_id": "61f443a19c9b08002eda0046", "reply_count": 8, "vote_count": 2, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law", "feed_type": "bowl" }

Could someone describe what ERISA/Exec Comp practice is like? Is it mostly deferred comp/retirement stuff you’d be handling? Edit: any insight as to the demands of the practice are also appreciated

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In that space, specialty areas can include nonqualified deferred compensation, stock awards, 280G, 162(m), and related employment taxes and/or all the qualified plan, ERISA, and MEP work. You’ll see that practice area in many Big Law firms, boutiques (i.e., Groom, Ivins Phillips Baker), and Big 4. In law firms, it can vary where that practice area is mapped, but I have seen it under Tax, L&E, corporate, or as a standalone. There can be significant work in the the deals space.

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I’ll second this. In my experience you spend most of your time doing deal work and are subject to M&A timelines. Keep in mind that as a specialist at a large firm your experience is going to be shaped by how good your corporate team is and how well they communicate. You can get stuck on a lot of “last minute” work that the deal team simply forgot to communicate earlier. That said, you get a lot of client contact pretty early on and if you have a reasonable client you can push a lot of ECEB work to post-closing to avoid insane deadlines.

Not most of the time. Maybe 10-20%. Most of the time on deals.

Message me. I have experience doing all types of ECEB. Most people on here will only know exec comp.

Depends on the type of practice significantly. ERISA litigation can be a huge practice on its own. If it’s not a litigation oriented role, then likely it’s focused on plan formation/counseling and deal work. Definitely do your diligence on the firm and practice to make sure it’s a fit for you since there can be so much variation. Good luck!

ERISA litigation is not in the ECEB group. That usually falls under litigation.

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Hi - I’m an EBEC associate. You’d essentially be a deal specialist but also may work on some advising pertaining to ERISA and the similar sections of the internal revenue code. I’ve been doing a lot of advising pertaining to ERISA fiduciary duties and preventing investment vehicles from being subject to certain ERISA provisions. It’s an awesome practice - I would honestly not go anywhere else. It’s not as intense as corporate but it is difficult in its own way because we usually juggle 10+ matters per week and that’s a low estimate. Most firms have a few partners and few associates who handle every deal.

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