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how's biglaw tax doing now?

...
Violent forum
  09/02/10
bump.
Violent forum
  09/03/10
Associates at the firm I was at over the summer said that it...
pink legal warrant
  09/03/10
how has it fared ite?
Violent forum
  09/03/10
Worse than lit and regulatory, but slightly better than corp...
pink legal warrant
  09/03/10
basically when the economy sucks, so does tax, right?
Violent forum
  09/03/10
Generally, yes. But not all work is deal driven. For example...
pink legal warrant
  09/03/10
no, i'm not considering an LLM. Seems pretty worthless.
Violent forum
  09/03/10
Yeah, definitely not worth it.
pink legal warrant
  09/03/10
that appears to be the consensus. it's weird though that the...
lemon nowag
  09/03/10
Nah, people who already got Biglaw will still get part-time ...
Mentally impaired trailer park
  09/03/10
titcr
pink legal warrant
  09/03/10


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Reply Favorite

Date: September 2nd, 2010 9:17 PM
Author: Violent forum



(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15951193)



Reply Favorite

Date: September 3rd, 2010 2:12 PM
Author: Violent forum

bump.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15956580)



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Date: September 3rd, 2010 6:35 PM
Author: pink legal warrant

Associates at the firm I was at over the summer said that it had picked up a lot in the previous 6 months. There were a surprising number of summers gunning for tax spots, though.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958676)



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Date: September 3rd, 2010 6:48 PM
Author: Violent forum

how has it fared ite?

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958757)



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Date: September 3rd, 2010 6:55 PM
Author: pink legal warrant

Worse than lit and regulatory, but slightly better than corporate. If you want to do tax, you should obviously aim for a firm with a fairly busy corporate practice. Not all firms are equal in this respect.

You're not considering an LLM, right?

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958781)



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Date: September 3rd, 2010 6:58 PM
Author: Violent forum

basically when the economy sucks, so does tax, right?

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958789)



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Date: September 3rd, 2010 7:02 PM
Author: pink legal warrant

Generally, yes. But not all work is deal driven. For example, there are long-term restructuring projects that are 100% tax driven--those don't disappear just because the economy sucks. There's also tax controversy, though few big firms have substantial controversy practices. At boutiques the story is different. Advisory work, which is primarily what the little places do, is significantly less cyclical than deal work.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958806)



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Date: September 3rd, 2010 7:03 PM
Author: Violent forum

no, i'm not considering an LLM. Seems pretty worthless.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958811)



Reply Favorite

Date: September 3rd, 2010 7:05 PM
Author: pink legal warrant

Yeah, definitely not worth it.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958818)



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Date: September 3rd, 2010 7:13 PM
Author: lemon nowag

that appears to be the consensus. it's weird though that the LLM degree literally lost all its value within a 2 year time period. 2 or 3 years ago, the tax LLM degree was the only way people with "Tier 1" degrees got good jobs. now, apparently, an LLM is seen as a demerit.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958843)



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Date: September 3rd, 2010 7:44 PM
Author: Mentally impaired trailer park

Nah, people who already got Biglaw will still get part-time LLMs - it was never a way to polish a turd, except maybe for a 2 year period where Cravath was hiring 160 summers.

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15958999)



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Date: September 3rd, 2010 8:05 PM
Author: pink legal warrant

titcr

(http://www.autoadmit.com/thread.php?thread_id=1412937&forum_id=2#15959126)