Graduating 3L strongly considering joining the tax group at my firm (NYC, probably mostly transactional). Took federal income tax, partnership tax, and corporate tax in law school and did well enough.

Would really appreciate insight on the practice area, career progression/exits, job security, day to day life. Also open to any advice - what do you wish your juniors knew, things to read/learn before joining, whether to do an LLM/Tax clerkship, etc.

Thanks so much 🥰

like
Posting as :
works at
You are currently posting as works at

For transactional, in-house opportunities are fewer but job security is real - many firms will keep tax counsels, plus there is always the opportunity to lateral or go to an accounting firm. Going to the government is also an option and can be great for your career.

One suggestion is to develop good relationships with corporate associates, as they will feed you work as you get more senior, and you develop a pulse on the work flow.

Clerkship or LLM is not necessary for my firm if you can get a job without it, but can be useful if not. Once you’re at a firm, very firm dependent on whether a part-time LLM is useful/desirable.

likehelpful

This was very helpful, thanks so much!

The first thing you need to understand about tax is that it is a service practice, which is pretty annoying if you want to develop your own clients. It’s also highly niche, so after a few years it can be very difficult to transition to a non tax role. All of that aside, it is highly challenging and if you like problem solving, frankly it’s fun. Job prospects are big 4 accounting or biglaw. There are pros and cons to each but go to a lawfirm over a big 4 accounting shop first to get better legal training. Once you get some experience there are in house opportunities for compliance etc. As far as the LLM goes. I hold a LLM, and you definitely do not need it to practice tax if you are smart and show an interest. It does look better on a resume. If you get an LLM get it from nyu or Georgetown or don’t get it

like

I have not seen a posting in the Bay Area that requires it.

like

Related Posts

Had been working as a BA/PM role at a financial firm for 3.5 years and decided to leave corporate to join my family’s small business with the mentality I’d take things over. It’s been a little over a year and I’ve come to the realization that it’s not for me. Im looking to transition myself back to IT/Tech, but am feeling apprehensive in getting the attention of recruiters with the industry switch. Any advice from anyone that’s been in a similar situation?

like

Need help, I have relevant experience and good reputation among team. I want promotion in this cycle to manager level but the thing is the seniors I have, managers and senior managers are with PwC SDC for long time, so they are not ready to promote me with 4.5 years of experience. Can you please guide me on how can make it work?

like

I’m a technical sales engineer in the building automation space. 2 years out of college. Anybody have any advice on the best way to get into the tech industry as a sales engineer? Appreciate any insights or advice

like

Was recently offered a job in Hawaii that would be a much larger role than I currently have (deputy chief architect). The downside is the cost of living is nearly double my current location and I would only be getting a 40% pay increase. Do you think it’s worth giving up quality of life/spending value decrease to accept the larger career and possibly expedite my career progression?

like

How much of a pay increase do you try to get from another firm when looking for exit opps? Trying to jump from 80k to 115k within the next two years

like
like

Could someone explain what finance closing process is? I passed CPA and have audit experience but I don’t really understand how industry accounting cycle works :( What does it mean to close the books? Are they referring to 12/31 deadline? Do all JE have to be recorded within this date? How does one close it?

like

Hi Fishes, What is the fixed ctc band for SC2 at EY GDS SC&O. Also, how are the levels tracked for progression for a given designation (SC2 to SC3).

Please respond if someone knows about it.
EY

like

Has anyone went from saas to benefit consulting? How was that transition? Was it worth it? I hear in benefits you get a book with recurring revenue.

like

Hi fishes,
I need guidance for EY GDS SaT_Strategy Hub_Senior Analyst. I have 1.5 Yoe but the role mentioned 3-6 yoe.
Is it still worth applying or is there any analyst role for this?
PS: experience post Tier 2 MBA

like

Are there any fully remote lawfirms, ie you don't have to live in the state they have offices? I recently left a large lawfirm to go in-house which came with a huge paycut that is not going to be sustainable long term, but needed a remote position to be able to move. I'd like to keep my current job part-time but get back in a lawfirm too.

like

Thanks for creating this Bowl. Anyone here transitioned from cost engineering into PM? I’m working a internal consulting type of cost engineer role and is seems like a good position to gain skills in that could apply to becoming a PM in the future. I have also worked in design engineering and engineering analysis roles. Have a BS in mechanical engineering and a MS in Data Analytics Engineering.

like

Looking into bringing PM into Engineering projects instead of each engineer running their own projects any advise on how to make the transition?

What are your long-term career goals with recruiting? Do you think you'll stay in tech? Or exit to something else?

like

Hi Everyone,
I need your views and suggestions. I have two doubts:
1. Is it fair to leave an organisation (big brand) after a year as the environment is real toxic and there’s no career growth as well in terms of good work.
2. If I have to make a switch do I really have to target big brands only or can try for medium and small size companies too.

like

I am a QA lead looking to break into google Spotify or meta as a program manager or project manager . Can someone please guide me on what does it entail to be a PM at these companies?

like

I am A2 in PwC AC Bangalore in Management consulting - I want to shift to US office due to some reasons. Can anyone please elaborate the intercompany transfer / internal rotation process? Like where to apply? what are the requirements?

likefunny

Is it a bad idea to switch to product based company if my only aspiration is onsite

like

Is anyone part of Toigo? How helpful is/was it in your career search?

like

I’m currently at a studio that has been good to me. They took a chance and allowed me to change career paths. They gave me numerous opportunities that lead me to now, being the head of a department. The big guys at the top has expressed they could see me as the guy to run the company one day but it’s all talk and possibilities right now. I’ll have to wait for now. On the other hand, I have an offer in hand from a much bigger company to be part of their business development. Any advice?

like

More Posts

Weber folks! At what point do you become eligible for a yearly bonus and how is your bonus determined? Any tie to billable hours?

like

Service specialist II Edward Jones Salary range does any body know

like

Anyone know any consultants who specialize in re negotiating insurance contracts? I’m tasked with finding someone for our fertility practice.

like

More layoffs last week at Leo B. Seems they went after more Seniors & $alaries. Thank you France.

like

Hello, I have accepted an offer at a competitor company and sent in my resignation letter. My start date is 5 weeks from now so I put in my end date 4 weeks from date letter was signed. The manager said I had to leave the job in 2 days and the company can only play 2 weeks of work. Is it normal how they do that?

likehelpful

EY Sharks, can anyone help me how can I get EY T-shirt 👕.???
Also the access card which we get, is there any benefit of using it for lunch purposes.??

Can I save tax/money or whatever if I use or not use this access card.
EY

like

I am a QA lead looking to break into google Spotify or meta as a program manager or project manager . Can someone please guide me on what does it entail to be a PM at these companies?

like

Hello all, I am currently working at EY India as a SCon in the risk advisory service line post my MBA. I have 2 offers in hand please suggest.
YOE - 2 years 9 months

PwC SDC - Senior Associate 1 - 17 LPA fixed plus 2.5L joining bonus woth 18 months lock in. Permanent wfh.

Deloitte India - Deputy Manager - 17LPA foxed no joining bonus. Chennai location.

Any suggestion would help. My joining dates are approaching faster.

like

LTI is Hiring for below Oracle - BU positions

Need immediate to 30 days joiners only

Location: Bangalore/Mumbai/Pune/Hyderabad/Chennai

JDE CNC
YOE :4 - 10 Yrs
Skill : CNC

JDE Finance Functional
YOE: 4 - 10 Yrs
Skill : FUNCTIONAL-FINANCE

OCC (Oracle Commerce cloud)
YOE: 4 - 10 Yrs
Skill :OCC

Oracle Flexcube
YOE :4 - 10 Yrs
Skill: FLEXCUBE

Oracle CPQ CLoud
3-5 years of experience in Oracle CPQ Implementation & Support
location - Mumbai

Interested plz DM with job codes

Post Photo
like

Hello All
Getting released from the project recently from
Tata Consultancy May any one please help me in getting the project related to AWS DEVELOPMENT in tcs. I'm certified aws developer Tata Consultancy Amazon

like

How to raise MMT request for laptop submission. My LWD is 30th Dec. please guide me the process to navigate in Ultimatix to raise MMT request.

like

Pharmacist

Hi all!

I'm a UK pharmacist hoping to qualify and work in the US. Is it still worth doing or any tips in general? I've read on Reddit there's a surplus of Pharmacists in the US. What are your views on that?

Thanks!

like
like
funnylike

Anyone who joined EY recently and received the welcome kit?

like

Hi Fishies, I’m 32yrs old and went with IVF due to male factor. I had 5AA t/f(modified FET) on 11/07, today (11/16)I had blood work, nurse told HCG level is: 168.5, and will be checking again on 11/18, to see if HCG is raising. Is this good value? This is my first time IVF , little worried but again not keeping many hopes and become depressed I’d something goes wrong. Meanwhile trying to stay positive as well.

like

Whats your favorite case management software? My growing small practice is looking for recs

like

EMO NITE LA TOMORROW?!
who’s going to be there 🤘🏼

like

Additional Posts in Tax Law

Hi everyone - I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer.

like

I'm currently completing a tax LLM (as a foreign trained lawyer) but considering pursuing a JD. I'd like to do it part-time while working. Which firm/service line gives me the best chance to do both? Also, is part-time Big4 work even a thing?

Anyone on here looking for a new comp/benefits job? Message me :)

like

Recommendations for a west coast recruiter specializing in tax positions? For someone in biglaw who wants to go in house.

What is the best firm in NY for an associate interested in international tax planning (inbound and outbound), M&A, and transfer pricing?

likehelpful

Any other junior tax lawyers here feeling discouraged by how steep the learning curve is? 🥲 I started remotely too and training has not been the best…

like

Hi all- how’s the job market for tax lawyers nowadays? I’m working in accounting firm (international tax) and looking to jump into a law firm. I have 2YOE and JD.

like

Hi Tax Friends. Seeking some advice. I will give more context in the comments, but big picture I am a non-tax litigator interested in switching to tax. The question is: (1) pursue LLM; (2) take tax job now; (3) just treat tax as a hobby?

like

How difficult is it to lateral to other areas of tax without prior experience in the area? (Ex: Income tax planning to estate planning, corporate tax to exec comp, or estate planning to controversy work, etc.) Assuming you have an LLM or a couple years of experience in your first tax area.

like

Anyone have any thoughts on a fair salary for a part time virtual tax prep-focused position? I’ve been made an offer for south of 800 hours/year (fluctuating for seasonal ebb and flow, of course), and I’m curious whether it’s a decent offer or not. I have 13 years of experience in a big box franchise where I’ve handled complex returns from day 1. 30% of my workload has been 1120/1120S/1065 and the rest higher-level 1040s and a few 1041s & 990s. I’ll be bringing 75-100 clients with me.

like

What are the major differences between being a tax associate at a firm vs big four? Currently a state tax court clerk deciding what to apply to for next year.

like

For anyone who practices tax lit in the US Tax Court, what’s your experience with the independent office of appeals? They don’t seem quite that “independent” to me and so far, I’ve only had one appeals officer who seemed knowledgeable and nice. It’s been a real headache. Interested to hear other people’s experience.

like

Debevoise Hong Kong is hiring a tax associate (2nd to 5th years, but there may be flexibility in class year), ideally with experience in funds tax. Comp is the latest DPW/Cravath scale plus a COLA each year and moving costs. I'm currently there, and I'm happy to chat if anyone is interested.

like

Odd request, but does anyone have a post-TCJA international tax law school outline that I can connect with?

like

5+ years of public accounting tax experience. CPA, MST and graduating law school soon. Plan on taking the bar. What are the best post-bar opportunities? Option to stay at my current firm (big four).

like

Has anyone made the transition from law to public accounting or tax in industry? Are you happier? I’ve been thinking about making such a move since there seems to be more remote opportunities in accounting. Advice or talk me off the ledge?
(My background: Big 4 SALT > State AG’s office (tax) > small commercial lit firm > COVID > city attorney > in-house (real estate))

like

Best DC law firms for tax controversy and litigation?

I’m currently in my fourth year with fed government and thinking of going private, but I have no interest in planning/transactional work

like
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal