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Spoken like someone who had to explain to their relatives ad nauseum why Yale was better than Harvard
"lay prestige"
Not sure I follow. There are doctors doing immensely complex things I can’t even dream about.
Everybody knows what an attorney does. If the person you’re talking to doesn’t know what “complex M&A” means, you tell them you give legal advice to your clients.
“I help companies and investors buy and sell other companies, either the whole thing or a piece of the company” is pretty much how I explain it to someone if they’re a lay person. That covers all of M&A, capital markets, VC and PE projects in a very very simplified manner.