By Jeffrey StrausserQ: I often hear attorneys leaving firm positions to work for investment banks in non-lawyer positions. What type of position do these former attorneys take in the I-banks? What kind of work do they do and how does it differ for law firm practice? What can current attorneys do to better their chances of transferring to an I-bank?
A: Investment banks typically send multi-disciplined teams to work with clients on investment projects. These teams are a good place for an attorney with finance or business experience. As you become acquainted with all aspects of the project financing process, you can take more responsibility within the group. Next, you can move to a group that finances larger projects, ultimately ending up as a team leader of a large project group, a position with a great deal of authority and financial potential.