This isn't really correct. There is papering in every transactional practice (memorializing promises so that they can be enforced is kind of the whole point), but some are absolutely worse than others. For example in M&A, because of business / legal term overlap and the number of deals you have seen, business people will ask for your input on a lot of shit once you get more senior. Agreed that junior work is boring regardless, but how long it takes before that changes does vary.TheSpecialist wrote:Rahviveh wrote:Op, you will be negotiating stupid indemnities and reps in side letters for dozens of investors. It's the ultimate paper pushing job. Also why do you think you would be doing the complex tax structuring (whatever tf that means). The tax people will do that. You will be the monkey inputting their comments and relaying them to the client. Be honest with yourself.Anonymous User wrote:Some people do find it interesting. I personally like fund formation work a lot. The negotiation, complex tax structuring, rules and regulations, etc.Rahviveh wrote:You can't possibly find this stuff interesting. Please do something else with your life
Just lol at any transactional attorney trying to talk crap about another group because its "paper pushing" or it's "monkey" work. Newsflash: That's all transactional work, particularly at the junior associate level. The business people are in charge and you're just there to paper the deal. It's all boring to the average person and everyone has varying interests in what they can tolerate or ideally find somewhat interesting. Because getting signature pages and sitting on 4 hour diligence calls, the majority of which you're simply introducing the various specialists/managing time is SOO incredibly important and interesting.
Do not discount exactly how boring fund formation work is for a junior. Like, you think you will be structuring and drafting LPAs and shit like that. You will not be, not really. You will get a call from some partner saying "hey great news we're launching a new fund" and you'll think to yourself, great, i'll get to think about drafting, tax structuring, etc. But no, all they want you to do is take all of the documents from "[ ] Opportunities IV Fund" and change all the references to "[ ] Opportunities V Fund," and they want it right now right now right now. I did some work in our funds group before choosing a permanent home and there is a reason why i didn't choose it, although the people were cool.
One thing about K&E's practice though. I have heard that they use funds work as a loss-leader to generate general corporate / M&A business, and I think they may even share generation credit for that work. So if you were in it for hte long haul (rather than to jump ship for a Hedge Fund counsel job), at least you'd get more respect than at other non-boutique law firms?