Has anyone here (or know or anyone) successfully transitioned from being a corporate/m&a attorney into an analyst/associate position at a private equity or hedge fund (special situations, event driven, etc.)? Just wanted to get a sense of what roles are out there besides being a gc that requires both a business/finance and legal background.

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Assuming you don’t want to get your MBA, your best bet is going to a multi-strat and landing with a merger arbitrage group. It’s really the only investing strategy where your legal skills are relevant and semi-transferable (provided you’re doing public M&A). I placed a 3rd year Cravath associate into this type of role about 8 months ago. It was an incredibly competitive search, with ~20 other equally as talented candidates in play from Chambers 1/2 firms.

If you’re serious about this I would encourage you to get your MBA - otherwise it’s a very, very slim chance.

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The author asked about best odds of going into a non-legal role on the buy-side. As someone who does a ton of recruiting in Big Law and buy-side, my opinion is that his best chance is having an MBA. Getting into a non-legal role without one is an extraordinarily up-hill climb. If you think it’s totally do-able, that’s ok. Agree to disagree.

The only people I know who did this went to feeder colleges and would’ve had a shot at these jobs with those degrees.

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This is also very commonplace in the distressed debt and restructuring space. Much easier moves and all along the deal flow largely everyone does the same thing, from FA’s, D2E Investors, and restructuring attorneys. Not a hard lateral from M&A.

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Restructuring attorney here👋 can you say more about what you’ve seen in terms of restructuring laterals? Legal and non-legal positions?

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I’ve seen M&A > Small firm Investment Banking. The two lawyers were each very smart and good with numbers, but they both said they really felt they were behind the curve without an MBA. Both returned to practice within 1-2 years.

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Have two colleagues that went Corp law > PE/VC > Strategy

Strategy move was after they cashed out a few deals and moved to do strategy work.

One was big law and other was at a regional law practice.

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My friend did M&A for two years —> investment banking at JPM.

I graduated with 4-5 folks who did a dual JD/MBA program and almost all of them went to PE funds (the other went to Jones Day’s corporate group).

Pour one out for the Jones Day homie.🥲

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If moving to a hedge fund is of interesting to anyone on this thread - please contact me. Have a unique opportunity. Efox@longridgepartners.com

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