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Did 4 rounds of interviews. Last 2 with 2 partners at EY. Haven’t heard back even after 1 month. One partner even commented “you will be a good addition to the team”. Hiring manager gave EY email after her interview call with me.
Fast forward two weeks, no communication. Recruiting was surprised that I was still chasing for this position, month later. Got to know last week that hiring team was continuing to interview candidates. Should I drop the idea to get hired? EY hasn’t rejected me yet.
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Rising Star
Corporate frenzy not litigation. I’ve been trying to lateral between biglaw firms with a securities heavy practice and it’s been slim pickings. Few openings, lots of competition.
There will be an echo to this current frenzy with an increase in litigation positions. I’m guessing it’ll be about a year from now.
Even beyond that…
Deals can go smoothly, but, for an example, in many combinations the new leadership or board members will often look for ways to be more efficient/save money. This often results in poor performers/redundant positions or contracts being eliminated. The people who are fired or the businesses who had their contracts cancelled sometimes feel that they were not treated correctly. Litigation follows.
It’s all just dominoes…the pendulum swings back and forth.
Pro
I can’t be much help here, and ID isn’t my field, but why do people hate it so much? I’d really like to know, for curiosity’s sake.
It’s mostly the pay like I’m a 5th year in NYC not even making 6 figures and I bill 2200 hours a month, the job is easy realistically and billing when you learn how to do it is easy it’s just the pay
Rising Star
A left ID a few months ago after a brief stint there. Best decision to leave. It’s fairly hard to jump somewhere that isn’t ID when you’re a first year, but it’s doable. Your best shot is to market yourself for commercial lit, but if you want to go into a specialty, it’ll take a little longer. Patience will be key while you’re finding an out
All of the above, and add to that the fact that plaintiff-side lawyers are making 10x—or more—for litigating the same cases.
Move to London. The insurance disputes market is very small and everyone is understaffed at the moment, so there are plenty of job opportunities available. Insurers are not as cheap here as they are in the US by the sounds of it, so it’s not a bad place to be a junior. Salary is decent too, depending on the firm (if magic circle) you could get £100k easily.
OP, I’m not 100% sure how it would work. I know there is an equivalency exam that many foreign qualified lawyers take (which I understand is A LOT more straightforward than equivalency exams in other countries).
I think whether or not you will be required to do the equivalency exam will vary from firm to firm / team to team, and be based on your experience. But I know for a fact that my team have many Australian qualified lawyers, not sure whether they have done the equivalency exam or not, but can unequivocally say being foreign qualified over here is definitely not looked at as a “negative”.
We mostly do defence and coverage work. It’s worth mentioning that the legal profession in the UK is a split profession, so solicitors that work in private practice firms are not usually qualified to go to court (only barristers will be) so if it’s a defence matter, you would not be going to court yourself, you would instruct a barrister instead and work together through the lifetime of the case.
Look into it. Might be a good option for you if you don’t have anything forcing you to stay In the US. London market experience is sought after everywhere in the world. DM me if you have any more questions, would be happy to help.