How To Work In Law And Then Switch To Banking
You need to Corporate Law. Don't even think about Intellectual Property, Litigation, or anything else. Do Corporate Law.
Recruiting is ultimately a numbers game, and you increase your odds greatly if you have Corporate, Securities, or M&A legal experience.
Once you have a few years experience working on transactions, you can consider switching into finance.
Contact all your friends in the industry and ask for referrals to recruiters; contact former clients and ask about setting up informational meetings or discussing opportunities at their firms.
Target industries and clients you have experience with. If you worked with a lot of technology companies, go for technology investment banking firms; if you did Mergers And Acquisitions, go for the M&A departments at banks.
Also, try for boutiques and middle-market firms rather than bulge brackets unless you work at one of the top few law firms - it will be much easier to get into smaller places.
How To Sell Your Story In Interviews
With a Corporate Law background, there are 2 main points you'll need to prove: 1) that you have quantitative and finance skills and 2) that you really want to make a big career change even if you're on Partner track at your law firm.
You really need to focus on financial skills in your interview preparations. Know the 3 financial statements cold. Be able to explain models and valuation methods because they will ask you tons of questions here, especially if you were an English or History major and have no finance experience.
This is one of the few cases where getting a CFA might actually help you get into investment banking - it would give you the finance knowledge and show your interest in the field.
Making the case for a career change can actually be easier. You want to emphasize you were always interested in corporate finance and dealmaking, and went into Corporate Law for those reasons. However, you got frustrated with your inability to BE the dealmaker and how you had to just sit on the sidelines, and so now you want to switch into banking and be a player
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