In-House Megafund vs. Middle Market or Private Equity-Style Family Office
I’m interested in hearing about anyone’s experiences with these two options. I’ve looked into in-house counsel positions at both types of organizations, and it seems like the smaller firms tend to offer higher salaries and more opportunities for involvement in business-related work. On the other hand, megafunds provide a strong brand recognition on your resume and typically engage in more “sophisticated” projects.
I’m curious to know if working at a smaller shop would limit one’s future opportunities to join larger funds or big law firms, assuming you have good years of experience at reputable firms beforehand. Any insights would be appreciated!
One Response
It’s an interesting comparison you’ve laid out, and there are definitely pros and cons to each path.
In-House at a middle market or PE-style family office can offer a more hands-on approach to business operations and strategy, which means you might be more involved in a wider range of projects and decisions. Additionally, the smaller environment can foster quicker career progression, more visibility within the organization, and potentially a more balanced work-life ratio. If you’re looking to build a strong business acumen and develop a broad skill set, this could be a great route.
On the other hand, working in-house at a mega fund typically comes with the prestige of the brand, which can be an advantage for future opportunities—especially if you think you might want to re-enter big law or move to a larger fund down the line. The work is often more specialized and can be quite complex, which can also be appealing if you’re looking for intellectual challenges.
As for the concern about whether spending time at a smaller shop would preclude you from opportunities at larger funds or firms later, it really depends on the experience you gain and how you position yourself. If you can demonstrate strong results, a solid understanding of transactions, and relevant skills from your time at the family office, you shouldn’t have any trouble transitioning back to larger firms or funds. Networking and maintaining connections in the industry will also play a significant role.
At the end of the day, consider what aligns with your career goals and personal preferences. Both paths can lead to fulfilling careers, but they offer different experiences and learning opportunities. Good luck with your decision!