Have >$10M in financial assets and joining B4 as Partner. Can Partners DM me with recommendations of lawyers you’ve worked with that are well-versed in review and interpretation of B4 independence policies? Cheers

like
Posting as :
works at
You are currently posting as works at

Bob Loblaw. Check out his law blog too!

like

If your independence queries are around financial independence e.g. stocks / debt etc - the B4 you are joining can tell you upfront which ones you will need to dispose. If your query is around personal independence e.g. directorships, trusteeship, board position etc. - it's more complex. But the thumb rule is that all of this needs to be for non SEC restricted clients and with PRI approval. I'd still say, it's a good idea to speak to Partner responsible for Independence at the firm prior to consulting a lawyer. B4 won't negotiate on independence requirements. So if you can get the same advice from the firm - I'm not sure why you might need a lawyer.

like

Helpful, thanks. Looking to quickly get smart on the gamut of independence restrictions for various investments to ask the right/ informed questions of the independence team, if any at that point. Would expect there are lawyers who work with Big4s and know this inside out, to accomplish this efficiently.

Don’t bother becoming a partner. Seems like stupid amount of stress. Open a franchise or buy some real estate or go work at a coffee shop.

likesmartfunny

Bigger question is why are you joining a B4. No need for the long hours and stress when you have that size of a safety cushion!

likefunny

Just to add, if you believe that some hot shot lawyer can help you structure a trust or an arrangement which can take advantage of loophole in financial Independence requirements - forget it. It's easier to find some other employment! 😁

like

Over 10M 😳...were u in consulting before as well?

like

Definitely not b4. Else OP wouldn't be asking the question. The independence requirements are almost identical across b4 😅

like

Send your portfolio and/or asset details to the firm that’s recruiting you. We are all well-versed in managing HNW partner independence. No upside and a lot of downside to us both for getting it wrong on your inbound journey. Also, this is part of our standard direct admit process, so as long as you’re transparent, shouldn’t be a big deal. If you hear something you don’t like, talk to the most senior partner trying to bring you in and they’ll help you navigate. Getting counsel involved (as noticeable by us) just raises flags.

Related Posts

Anyone here broken into real estate private equity from big 4 consulting? What steps did you take to jump into RE PE? What gaps in knowledge did you have and how did you fill them? Outside of the knowledge gaps what other things do you think you needed in order to get into RE PE?

like

Anyone transferred from B4 audit/tax/advisory to non-accounting positions in industry? What positions?

like

Honestly, what do people who work at the big 4 think of RSM?

like

Is it normal in Big 4 to: 1. Assign tasks with least amount of direction, context and criticize for not thinking on the feet? 2. Assign more than one task at the same time and push for updates on all?

like

Anyone ever went to a midsize public accounting firm after leaving Big 4 and absolutely hated it? I left to have more time to pass the CPA exam and all I want is either to go back or go private.

like

Is there a reason non-technically oriented leads always seem to think coding is easy and can get done quickly? Esp the case at Big 4.

like

I do employment at one of the “Big 4” but I want to make more money. Has anyone made the move from Littler or FIsher to a firm that pays market? If so, what practice group?

like

What non-US country pays the most for a Big 4 manager?

like

Why are big 4 bonuses atrocious?

like

I have always wondered why PwC promotes so much later than other Big 4 firms (3 years to Sr, 3 more to manager). Every answer I've gotten has just been a complete load of shit...

like

Non target state school, 3.8 gpa for UG, split time between industry, B4, and AWS. Is MBB possible?

like

How do you sanitize fruits in the virus spread. I bought banana, mangos , oranges and later realized i need to clean them up with soapy water b4 touching them back

like

Thinking of transferring. Thoughts on FDD b4 transaction services vs. Management Consulting?

like

Are there any married couples working at two different big 4 firms? How did you make sure your finances were compliant with both?

like

How does it look to MBA programs to work at BCG vs BCG Platinion or so? Is the experience still better than Big 4 consulting?

like

Best big 4 for federal tax in the banking industry?

funnylike

Experienced hire difficulties I’ve been trying to get an opportunity within one of the Big 4 since May. Networked into phone conversations with multiple partners in my area of expertise. Con’t

like

Work life balance in FDD- due diligence? Is there any at all? Big 4 only please

like

Is there an comparison between big 4 titles ?

like

Is a small boutique (500 people) considered "competitor" by big 4? Trying to put in my 2 weeks but don't want to be let go on the spot.

like

Additional Posts

need advice about how to grow a thicker skin. I feel I'm easy to stress out whenever I get complaints from the client or criticism from my manager

like

Moving to NYC for work and looking for places. Deciding whether I should live with random roommates or shell out an extra couple hundred a month on a studio/1BR. With COVID getting worse and winter coming, I see it both ways: I may appreciate having other people to live/interact with but I also appreciate a space completely to myself where I'm completely comfortable considering I may have to spend a lot of time at home (I will be WFH most days). Anyone have a perspective? Has covid changed it?

like

I know the bowl is new but this will get traction and might develop a culture along the way

Anyone here broken into real estate private equity from big 4 consulting? What steps did you take to jump into RE PE? What gaps in knowledge did you have and how did you fill them? Outside of the knowledge gaps what other things do you think you needed in order to get into RE PE?

like

Anyone transferred from B4 audit/tax/advisory to non-accounting positions in industry? What positions?

like

I feel like classroom management is harder for me than for others. I'm starting to think that it's because I am a male teaching in an elementary.

like

Looking to get into skiing with the fam - any good Marriott/SPG resorts in a 2-6 hour driving radius from NYC?

like

MOTHER OF ALL BOMBS

like

Anyone work for Salesforce’s consulting team? What kind of offer should one expect with 6 yrs of experience? Base, signing bonus, stock, and annual performance bonus?

like

Anyone here interviewed with Slalom? Wondering what your experience is like. I went through rounds of interview with them, and they were responsive throughout, until the last round (TBC)

like

Hi there googlers. I need some advice. I have been thinking about transitioning into a tech role. Need some advice on where to start. I have a informal tech background in logistics and retail start ups I have founded coupled with various courses on ai, analytics and big data. Formally I was an em at mckinsey and now in a corporate strategy role. Based out of the middle East at the moment

like

What do you think are the best ways to build a positive culture amongst an existing creative team where there may already be some negative feelings? any ideas on how to turn it around?

like

Would you choose EY or Booz for federal cyber? (Have offers for both, same compensation)

like

Any good book recommendations? Would prefer if applicable to the business or self development. But doesn’t have to be.

like

Thoughts on David Miami? Anyone know what the atmosphere is like there? And if they're hiring?

like

I love my baby like she's an actual human but she's gotten very big and strong. Pulling has become a huge issue. Yesterday she pulled my wife over. I bought a choke collar which I don't want to use but I feel I have no choice. Any thoughts?

like

How long does it take EY Law to reach out after H1B transfer is approved? Status of case changed to approved 5-6 days ago but no update from EY Law or on INSZoom.

like

Am I wrong in thinking it’s inappropriate to talk negatively about members of a specific gender or race at work? I’ve been hearing more of it recently.

like

Anybody familiar with Spaulding Ridge and happen to have an opinion on the firm and comp?

like

No, AMEX, I did not need to you to double my credit limit. 👀😩💩

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.