Is it possible to retool from a Band 1 Capital Markets practice to a Public Company M&A practice as a third year?

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Yes - this just happened at my firm (with a class-year cut, of course)

But why

Thanks A5 and A2. Do you mind elaborating more and explain what do you mean by them being commoditized? Is this firm dependent or a wider industry trend in the CM space? Which practice areas according to you are at less risk and that one should focus on?

Why not retool to structured finance? Better for you

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