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The Wall Street Skinny

75. Bankers vs. Lawyers

Jun 8, 2024
Discussing the differences and similarities between careers in banking and law, with insights from prominent attorneys specializing in M&A and Capital Markets. Exploring topics such as career paths, law school prestige, compensation, hours, culture, and the accuracy of legal depictions in TV shows like Suits.
54:27

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Quick takeaways

  • Partners in law firms must exhibit technical expertise, strategic thinking, and client coordination for career advancement.
  • Lawsuit dramas like Suits exaggerate legal practice for entertainment, yet emphasize strategic advice and team collaboration.

Deep dives

The Process of Becoming a Partner in a Law Firm

The journey from associate to partner in a law firm varies, with factors like seniority and skill development playing crucial roles. The transition involves a gradual process where associates learn the ropes, manage transactions, cultivate leadership skills, and eventually take on more partner responsibilities. Partners must showcase a mix of technical expertise, strategic thinking, and client coordination to advance in the firm.

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