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As an exclusively equity CapM lawyer who just went through the lateral process, it was tough having no debt experience in the current market. Still definitely seeing deal flow but it’s hot and cold. Also, interviewers were all over the place - annoyed at lack of debt work, asking for year cuts, saying I could learn debt on the job, etc. YMMV but just giving my two cents as someone in the market recently about how portable my skills have felt being exclusively equity focused
Thanks so much for sharing! I’m in the same boat, think debt cap market still has a lot of work but not so much on the equity side; also worried about my prospect at my current firm - I don’t think they will make anyone who mostly focus on equity cap market partner bc there weren’t a lot of deals in the past to justify my experience level and not a lot of deals going forward to justify a partnership spot either…