Do you know of any super senior associates who did a retool? In general corporate right now and hoping to retool to a specialty group.

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Assume the specialty group is also transactional in nature? Generally, the biggest barrier to retooling is your ability to stomach the pay/seniority cut that usually comes with starting over in a new practice area. The more different the practice area, the steeper that cut tends to be. But to answer your question, yes- I know of a senior lit associate who retooled into funds, a corporate associate who moved into L&E, etc.

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Have seen a few people at my shop doing that. Not super seniors (think 5-6th year) and retooled into corporate specialist groups as juniors. It can happen as long as you are generally liked and the group you are eyeing is busy.

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Yes, but they needed to go back down to second years.

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I've seen senior associates retool into Fund Finance, but they need to take a lateral penalty (maybe come in as a fourth year?). Some firms allow you to earn class years back after a year or two if you're performing at a high level and they want to keep you.

Lit —> white collar

I retooled from specialist to corporate. Took a two year class cut, which I thought was fair.

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