On Tax Albert Chang of RBC Capital Markets
Jun 4, 2024
Albert Chang, Managing Director at RBC Capital Markets, discusses his journey from tax law to investment banking, highlighting the value of keeping an open mind in law careers. He contrasts the roles of investment bankers and tax lawyers, emphasizing the importance of strong client relationships and holistic problem-solving in tax law.
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Unexpected Path to Tax Law
- Albert Chang's interest in tax law developed unexpectedly during law school after initially planning to work in corporate or tech law.
- He switched from corporate to tax after taking a tax class and successfully persuaded Cravath to let him work in tax for part of his summer internship.
Keep an Open Mind in Law
- Law students should keep an open mind about career paths as the legal profession offers many specialty areas beyond first impressions.
- It's important to express curiosity about practice areas even after accepting a job; firms appreciate flexibility and evolving interests.
Growing into Complex Tax Work
- Early assignments as a tax associate started with simpler securities work before progressing to complex M&A and corporate separations.
- Good mentors recognized when Albert was ready to handle multifaceted tax issues involving spin-offs and carve-outs.