I've worked for 15 years in mostly energy. Considering getting a tax LLM at Georgetown and leaving my small 3-partner firm. What is a reasonable salary expectation if I were to leave my firm and either go to a new firm (big or mid-sized); or go to a Big 4? I live in DC and would want to stay in that area. Thanks

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Likely won’t get tax job that’s worth it. Don’t do this. Law firms won’t hire 40 year old 1st year. Big 4 will pay you 100-150. Join a better energy practice.

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Why do you say law firms won't hire a 40yo? What if they are career changers?

I went back to get my LLM after 6 years of being a litigator back in like 2011. I couldn’t get a law firm to hire me out of LLM (unless I did controversy which I did not want to do because I hated liquidation). I went public accounting at a firm just one place behind the Big4. It was denver in 2011, but I started out making only like 60k. I got back into the law firm world a few years later. In Dallas now as a non-equity with about 10 years of tax experience and making about $450. Likely will get promoted next year. We hired recently a GW LLM grad and I think he started at 230 or 240… we are mid-market.

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I did general federal tax. Consulting but also a lot of filing tax returns. Towards the end I did more international consulting. And no, I’m not doing the same thing now, but the skills are still relevant. I do general tax work, M&A tax and tax credits.

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Non tax llm but JD w/ tax concentration in big4 M&A - have completed all the tax llm courses just Hastings doesn’t offer an llm- TC $180k as a SA. 1.5yoe. Started at 120. think it’s worth it and there’s lots of demand. they pay slightly more for llm (5-10k+) but you’ll start as staff. Would recommend EY bc they pay more for staff.

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Which practice area would you say the demand is in, or is it just generally?

UF Tax LLM grad here, working at EY in NYC. Depends on which city. But if it’s HCOL like NYC or Cal. I’d say around 120-135k should be a reasonable estimate for anyone graduating from a Tax LLM.

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Also depends on other factors like whether it’s Intl or M&A tax which are the highest paying. Rest like SALT, TP etc pay less.

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First year salary in DC Big 4 is at least $120k. Big law is ~ $215k. You can find GULC’s post grad job placement statistics (big 4, big law, etc) pretty easily online. I think well over half the class is big law or big 4. It sounds like you have great experience and if you can afford the LLM it may be worth it for just a year of school. You can also do the LLM part time in four semesters. Admittedly, I’m unsure about firms hiring folks with 15 years experience. I recommend speaking with the GULC tax LLM directors.

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GU tax LLMs were being offered 135 in boston in 2019 at big 4. As a stated above biglaw starts at 215. But if you have 0 prior tax experience it’s unclear how much you’ll get out of a tax LLM and you’ll need a damn good explanation for why you want to move into tax during interviews after 15 years of something else. Tax has the steepest learning curve it can take YEARS of actual experience to get up to speed and frankly just taking the classes with 0 prior experience may not be the best move for you.


Also the chances of landing a biglaw job are slim.

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Part of the reason I'm doing this is the overlap of tax and energy. I don't see this as a completely new area of practice. Instead, it is the development of one facet I've done for several years.

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There’s are a few firms that have tax credit practices that may be a good fit for you, but the ones I know of are V20, and that means you need to kill it in your classes at NYU (and not their online diploma mill but the actual program where you can participate in the OCI program). I have no idea how competitive GULC LLM graduates are, but when associates that already have jobs at firms do LLM programs, they go to NYU exclusively (the online diploma mill).

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