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As a junior literally all you do all day is draft. The billing isn’t very efficient (I retooled from corporate) and it’s super draining because you don’t get the kind of more passive billing tasks like sitting on calls or answering emails. Clients are also more fee sensitive because they’re paying from their own pockets and not a company legal budget. You get way fewer fire drills than other practices but that might be the only pro. It’s a lot of tax which is really technical. On the day to day I feel more mentally drained in this practice than on an average (no fire drill no imminent closing) one in corporate.
My trusts and estates practice has more than its share of fire drills. The mental strain is real because there are big numbers in play, and getting paid on the planning side is a major chore. You have to choose among eating time, angry partners who have to approve wrire offs and angry clients who demand discounts. My partners think they are the smartest guys in the room and have prove it at my expense hourly. Clients think they are better than me because they have more money than I do. Yeah, this practice is an endless delight.
Oh my goddddd I keep having to eat my time because my partners are so stingy with write offs
Thankfully our clients are not stingy and so fees aren’t an issue. I suspect this partly has to do with the fact that my firm’s wealth management/estates group is probably the best in the country.
Choate
Lots of drafting, preparing flow charts for clients and materials for client meetings, looking at assets and strategizing how they should be titled for best tax result. My firm also does estate admin and trust admin so those keep it interesting too. I like it.