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Reply to "Why do so many Ivy League lawyers want to work in Finreg "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In private practice, they work 60-100 hours per week. In the federal government, they work 0-40 hours per week. It depends on what stage of life you're at or what you fundamentally want out of life. Also, the practice of law, especially corporate law, doesn't require a very high IQ. If you look at the degrees earned by leaders in private practice, a lot of them went to bad schools.[/quote] It is not 0-40, more like 35-55, but still way better than private practice. Combination of interesting legal work plus work-life balance can't be beat. [/quote] Is FinReg “interesting legal work”? I am in the camp with the ones I know used it to quickly become partners in private practice because they know all the people, practices and regs for their private sector clients.[/quote] Yes it is interesting legal work. and a lot of the dudes who left the agencies to law firms to claim they “know all the people, practices and regs” don’t actually know all that much … they are just good at selling that perception to clients. But when they come talk to me it’s pretty clear they don’t have any sort of special chops that you couldn’t get by just … reading the regulations and being a person with basic social skills. The best BigLaw person I work with was not revolving door but is just really smart and good at making connections. [/quote]
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