Does it get better (even slightly)? I am a first year M&A, and so far I don't necessarily mind the long hours but the unpredictableness just grates on me. I also don't feel like I'm learning anything: make this PowerPoint slide blue not red or make this chart in Word not have word wraps (all stuff I just immediately delegate to our document formatting team). I'm a little bit older as a first year (had a corporate job before LS), and these sort of tasks drive me nuts. Is 2/3 yr better?

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I was at a firm where I felt like that as a first year. I ended up picking the partner I liked the most and asking them why we were doing X, Y, and Z on every deal we were on and eventually he started giving me some substantive drafting. That approach won't work for everyone and it took time to get him to trust me enough to do it, but there might be other ways to get them to give you more "legal" work. Ultimately I left and went to a firm that makes mentorship and skill development a priority, so it got better but that might've been why.

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Yes. It gets way better. You’ll be shocked how quickly things ramp up. First year is just the worst.

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It gets better. As you become a mid-level associate (years 3-5) you will begin controlling purchase agreements; running substantive calls; negotiating some key issues, etc., all while project managing the deal process and delegating the tasks you are currently doing to junior associates (but remaining responsible for spot-checking their diligence, schedules, etc.).

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It gets better because you will start to do slightly more substantive work, which is thrilling for a bit (woooo disclosure schedules), but it also simultaneously gets worse because then you hit the learning curve of actually doing M&A work. However, I would also be bored and unhappy doing what you described and I’d rather be in over my head and figuring it out and becoming a better lawyer than not. Is this your stub year? If so, it may be a few months before you get anything good. Can you ask a partner for more substantive work? You could also try to make friends with some midlevels who will staff you on deals.

It does get better once you take on a more substantive role on deals (starting around year 3-4) and you can control your schedule a bit better. Although you’ll be the first line of defense infront of the client so if there’s a fire they’ll come to you first and you can’t hide behind a senior associate.

It’s an issue as a first year because you want to do more but you literally have no idea how to do it or what is going on (even though you think you do…). You can’t draft well without understanding the process. I’m a 5th year and just now getting good at taking PAs and turning them, my judgment is improving, I understand the interplay of the parties’ interests, etc. I could do ancillary stuff really well before but the game changes when you hit like 4-6 years I think.

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