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Funds is definitely going to be a chiller lifestyle and not as demanding. You’ll still work a lot but there are fewer fire drills and unpredictable schedules as in M&A so it’s easier to plan around it to a certain degree. What you’re losing is exit options since M&A gives you a lot more flexibility and funds work basically requires you to go in house at a fund. If you’re fine with the latter, then have at it.
I’d take this “chiller lifestyle” with a grain of salt. Funds “predictability” can mean you’re predictably billing +2500 hours a year. Less fire drills though for sure.
Following! Although I hear that M&A has the worst lifestyle in terms of unpredictability and demand?
I’m the worst, I meant to post this in general “Law” not big law. Just joined a really cool boutique from big law, and they are just overflowing with fund and VC work (and M&A) so I’m getting the opportunity to dip my toes in the pool without jumping. I do think at a big law firm Youd lose seniority if you wanted to specialize but you could also try to dip your toe and see what happened (if it happens organically I think it’s less likely anyone gives you a hard time)
I chose funds over general corporate because of the regulatory overlay. You’re still going to spend most of your time pushing paper, but there’s more room to develop specialized knowledge and associates seem to be less fungible. Fewer all-nighters and fire drills as well.
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VC is more fun than funds if you can choose that, and you'll get to use more directly transferable skills. Sweet spot!
Funds has worked out really well for me. It’s busy but manageable and it’s allowed me to stay in BigLaw longer than I would’ve otherwise. Which is great for savings obviously.
Also curious. Does fund have fewer exits though?
I primarily do M&A and PE work, but occasionally I do some M&A-related finance work but absolutely hate doing it (no offense to anyone, but I absolutely loathe reviewing and marking up loan docs - it’s so boring for me personally). Is funds practice work similar (e.g., largely form based +/- a number of provisions and deal-specific info, etc.)?