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There are sometimes in demand practice areas where you can lateral and retool. Expect a class year cut though.
Class year cut is fine with me tbh. I think id need the extra grace.
I’m at a lower ranked V100 firm and I have seen a few retools from “real” biglaw join us. Usually they’ll take a class year cut but they always say that they have no regrets and are much happier here/in their new practice area.
Thank you!
The best specialists I've worked with (e.g. comp/ben, tax, anti-trust) were ones that started in a more general practice group (e.g. ecvc, M&A, cap markets). This is an underrated but discouraged route for whatever reason.
I started my career wanting to do tax but got pulled in a different direction. Ive definitely considered what it would take to make that move…
It looks like the lateral market is hot for tax juniors to mids, based on recruiter emails and my own firm's needs. Many groups may be willing to train someone, and your experience in transactional could be a value add.