Does anyone know how the turnover rate is like in Big4/PwC for JD/LLM tax positions. Just curious. How long do JD/LLM people stick around? Where do they usually transfer to later?

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Assuming they don’t want to make partner, typically 5-7 years (ie through Manager or Senior Manager level) then go in-house. It’s also common to jump to a peer firm after 2-3 years. The in-house options can either be tax counsel (JD required) or Tax Manager/Director (which could be CPA or JD). The former involves more legal work (ie drafting) and the pay is higher, and the latter may involve more advisory and tax compliance work in which the pay is lower.

The in-house employers range from banks, PE or hedge funds (if you focused in financial services) to Fortune 500 tax departments. A new budding industry is M&A tax insurance (like Aon or AIG) where you would work as an underwriter or broker. Lastly, going to the the IRS or clerking for a tax court is still an option.

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I thinks the hours are close to the same, maybe a little less weekend work in big 4. Many switch because if your going to work big law hours you might as well get paid for it lol

We usually stick around until we can find a big law firm to hire us

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Jesus christ, I said usually. There's obviously people who enjoy it.

F

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Many also jump to law firms, but usually they work with law firm recruiters, and must have developed certain transferable skills. Typically, they are also forced to take class year haircuts

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Exactly

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