My firm has so much work (SPAC IPO) and not enough associates. I am currently staffed on about 12 deals. I am making below market in NYC ( just breaking the $120k mark). I'm just here to vent, can't complain really though. I haven't had a job in months so I'm grateful.

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Leverage that experience and lateral ASAP to Kirkland or something

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Ya time to lateral to biglaw! You’ll be just as busy but at least you’ll be well compensated

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Please lateral. You deserve to be paid for your hard work.

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Yep my firm also has a ton of SPAC work (IPOs and De-SPACs both). A lot of associates left for other biglaw firms to avoid SPACs. A lot of midlaw/non-DPW firm associates came to my firm to fill the void (often taking a 1-3 year cut, but still making a lot more than they did as a senior in smaller firms).

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A1, from my limited experience with SPAC IPOs, they're boring and repetitive and require little thought. Also, the past 18 months has seen a SPAC boom like no other and so associates at all levels (including very junior) were forced to be staffed on NUMEROUS deals with little guidance.

Lateral now. You’re in demand and can get a fat signing bonus on top of being trued up for any misses EOY bonus. Cap markets groups are overburdened everywhere and need bodies.

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