I’m a (miserable) third-year associate at a big New York firm. I know the economy is crappy right now, but is now a good time for a lawyer to try to get into investment banking? Are firms hiring? Are lawyers more valuable on Wall Street right now because of all the turmoil?
Thank you for this. It’s a gift. And quite possibly the dumbest question ever asked. Right now is perhaps the worst time in the history of the world for a lawyer to try to get a job at an investment firm. Thousands of sophisticated and experienced bankers are being laid off every week. Investment banks are going bankrupt. Hedge funds are imploding. Private equity firms can’t get debt financing. But other than that, things are great.
Bottom line: It’s a terrible idea. So suck it up and try to enjoy your misery. Or try to find a different, non-legal profession that’s not under water. Like nursing. (Related: “Five Reasons Being a Lawyer is Great Now”)
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