licensing/tech trans

tax if you can stomach it

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151868)

I imagine it's pumping out form documents for some of the most obnoxious, cost-conscious clients in existence.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153805)

This is if you want to maximize $$ for in house options.

M&a useless, cap markets useless, whoever said antitrust above just lol.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152294)

http://www.xoxohth.com/thread.php?thread_id=3983888&mc=26&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153943)

At its best, you do get a shitload of negotiation experience because you have a million LP's in the mix. The stuff may seem rote but drafting wise, it isn't that different from m&a - some novel stuff does pop up and you have to be crafty. You also really get to know the client well because they may shop around and use a variety of firms for deals but typically just one firm for the funds work.

At its worst though it can be really bad. A lot of it is organization dependent and can really be the opposite of "lifestyle" when three or four fundraisers are hitting at the same time. The subscription book/investor chasing process is worse than due diligence but you can escape it relatively quickly.

It is probably as close as one can get to really being an old school corporate lawyer that gets to advise on a variety of shit because employment issues pop up a lot, IP issues pop up and plenty of regulatory issues pop up and you kind of need to be able to speak to all of it (specialists come in plenty but mainly tax). It's also sometimes paper pushing heavy par excellence which can be very crushing.

M&A seems sexier but really isn't terribly different. Still working off forms and precedent, but the negotiations are more combative because folks can give on things more and funds stuff gets pretty static after not too long. First time funds are the most enjoyable. Beig on the LP side sucks.

My v5 had rotations so you could do a little of each which is how it used to be a decade ago and is probably the most enjoyable way to do it. I guess m&a can crush weekends and holidays but fundraises certainly have the power to do the same. There are a handful of firms that do both well and that's the best spot to be in, I think.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156958)

Seriously, it gets much worse than this.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36158055)

I’d go M&A or 40 act. Fund formation is a good area but a little killself inducing (all of big law is that, though)

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152515)

There are more openings for litmos in big fed but probably less opportunity? Like virtually all litmos in biglaw want bigfed (or get pushed out and need it) while trannies have better private sector options so it seems like there is less competition for the smaller number of tranny openings.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152597)

There is some shit that transfers over - disclaimers, knowing how certain terms should work, autistic margins kind of shit, but like 80% of what I do has nothing to do with my former life in biglaw.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152670)

boring shit but at least you build a "niche" that is likely to keep you employed and somewhat desirable which in turn lets you go through cycles of slacking off and bouncing to another job.

this is all that we can ask for in this sps world

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153792)

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36155520)

Tax doesn't actually run anything. RE has a slew of just inane shit.

(http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156981)