How many deals (M&A) is appropriate for a first year attorney? I'm wondering if I should be challenged more and worried I'm not excelling enough. I don't like having idle time, and feel like I grow more effectively with ongoing challenges. Not experiencing that now

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If you’re at a firm whose clients expect big deals to sign in a week snd close right after regulatory deadlines and there’s only you and the partner on it, then 1 deal max. If you’re at a firm whose clients are more chill and expect deals to close over several months and the team has 3 associates on it then 4-6. Huge variety but variables are mainly timelines and team staffing

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First year in M&A is tricky because beyond diligence and some low hanging ancillaries, there isn’t much you’re able to do and you have almost zero upward visibility, so it’s tough to even get an idea of the scope of the deal. That’s completely normal, though. Try to stay close to the Checklist, if you can. Offer to update it whenever a turn of the definitive agreement goes in/out. Ask questions. Show you’re paying attention, even if you aren’t quite sure what’s going on.

Don’t worry about being on a bunch of deals at once, just focus on doing an excellent job on the 1-2 you’re on (maybe 3 depending on the timing). If you’re on too much at once, it gets really hard to take meaningful steps forward in your substantive learning and that’s when you ultimately begin to fall behind your peers who are approaching it differently.

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I’m a first year M&A associate (albeit with some experience in another practice area) and I’m doing just about everything except for the first cut on the purchase agreement. Small firm obviously

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Max 2 at a time …

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As a first year I think 2-3 deals is doable at the same time (though with different sign/close deadlines). As you get more senior your responsibilities increase and it gets more difficult to juggle active deals. I’m a mid level and I physically cannot handle more than 2 active deals. But last year I had 4 at the same time, which signed/closed in 4 consecutive weeks and it was excruciating.

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What does "grow more effectively with ongoing challenges" mean?

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