Related Posts
What’s Deloitte’s Chicago Tax practice like?
FDD during an economic downturn?
Any insights on PwC Deals Analytics roles?
Anyone from digital business services team?
More Posts
Bowl Leader
Chief
I can’t stop sleeping
What will be the in-hand for this offer?
Conversation Starter
Need some advice here. I am a fullstack developer with 5 yoe in Angular and Python. My aim is to crack FAANG companies.Now I got an offer from HSBC in a credit risk model monitoring role using Python.It is close to a data engineer role.
My question is that will it be a good idea to shift from development role to a model monitoring role if I want to move to FAANG in the future?Or does FAANG not prefer people who are not in core development roles?Amazon Microsoft Google Adobe PwC EY Citi Barclays JPMorgan Chase
Lets be real
This is cursed.
Additional Posts in Big Law
Mentor
Coach
Enthusiast
Coach
New to Fishbowl?
unlock all discussions on Fishbowl.
Mentor
I moved from tax to estate planning and I love it
What year were you when you switched to T&E? Did you take a year cut?
Coach
Nothing gets better than tax in a transactional setting when it comes to problem-solving. All other transactional practices are generally really just paper pushing.
A4, I agree and disagree. I think all specialist groups do more than push paper.
If you like tax, you may like ERISA (not Exec Comp).
A2, that’s right. But 409A, 422, 280G, etc. are more basic compared to some other tax sections. I don’t think someone who enjoys the technical aspects of tax would enjoy it very much. And I think a lot of it is more nuanced than highly technical. ERISA (and the related code sections) is highly technical. I think people forget that ERISA is heavily reliant on 401, 410, 411, 417 and other technical code sections.
What’s technical/science-y about tax law? I’ve been thinking about what area of the law I might enjoy more than my current practice area, but wondering if tax law is something you need a certain background education in like patent law? Also, sorry if this is a dumb question, but is tax law more transactional or litigation, or can it be both?
Tax can be either, tax lit is typically civil but can rise to criminal. There is a Federal tax court which sits in DC but does visit various cities around the country for trial. Tax transactional can be complicated depending on the specific line of work (international is probably going to be more complex than M&A tax). I would recommend getting your toes wet on some clients/issues before making the switch, it’s definitely not for everyone.
Litigation? You might see all kinds of areas (non-U.S associate speaking)
Mentor
Yeah it’s the kind of work you see in law school. Thinking and arguing deeply about statutory interpretation and narrow issues of law. The positions are very rare though and you typically need clerkships just to get your foot in the door.
You mentioned patent law. Technology transactions is full of problem solving, and most of what we do is completely bespoke to what our clients need. It's a big part of why I like it.
It depends on the practice group. At some firms, they're purely deal support at that's what they do. At some firms, like mine, we have our own deals. We're drafting high value commercial contracts for our clients (think supply agreements, collaboration agreements, license agreements, joint development agreements, etc.). In those deals, the parties are normally entering into a long term relationship that is mutually beneficial to them, and because they'll be living with the document throughout the term (which, in the case of pharma deals, can be 20+ years), they think through every detail.
Bankruptcy? That was the only case book I had with math problems 🤣
Mentor
Patent litigation....