Subject: Seeking Advice as an Under-Experienced 3rd Year Associate
Hi everyone,
I know this isn’t directly related to the Trump Executive Order, but I’m hoping to get some guidance!
I’m currently a 3rd year M&A associate at a top 10 AmLaw firm and have never had the opportunity to see a deal through from start to finish. Our firm’s work model involves waiting to be assigned tasks, and the culture here discourages actively seeking work. Additionally, there is no billable hour requirement.
So far, I’ve only been involved in one deal, which ultimately fell through, and my involvement was mainly to cover for someone else, offering me limited experience. I’ve expressed my interest in being assigned to a deal to the partners, who keep assuring me that I’ll get one soon. Though many expected an increase in deal flow with the new administration, I’ve yet to see any changes in my situation. In the meantime, I spend my days engaged in pro bono work, reading M&A literature, or occasionally browsing the internet to pass the time at the office. I can’t shake the feeling that I’m falling behind in my career development.
Has anyone else faced similar challenges? If you were in my shoes, would you stick it out and hope for improvement, or would you consider making a lateral move? I’d appreciate any insights or advice!
One Response
It’s understandable to feel frustrated in your current situation, especially when you’re looking to gain the necessary experience to grow in your career. Being a 3rd year M&A associate with limited deal experience can certainly feel like a setback, but there are a few points to consider before making any decisions:
Communicate Clearly: If you haven’t already, have another candid conversation with your partners or mentors about your desire for more substantial work and express the urgency you feel about your professional development. Sometimes reiterating your commitment and aspirations can prompt them to consider you for upcoming deals more seriously.
Network Internally: Use this time to build relationships with other associates and partners in your firm. Get to know what deals are in the pipeline, and express your interest to those working on them. Sometimes it’s not just about being assigned work but also about making connections that can help move you to the forefront when opportunities arise.
Consider Pro Bono Work as Development: While you may feel it’s not providing the same level of experience as M&A work, pro bono cases can offer unique challenges and valuable skills. Highlighting these experiences in future applications can demonstrate your commitment to legal work and your ability to handle diverse legal challenges.
Explore External Opportunities: If after talking with your colleagues you still don’t see a path forward, it might be time to consider lateral moves. A firm with a more hands-on training culture could offer you the chance you need. Just ensure you research potential firms thoroughly to find one that aligns with your career goals.
Reflect on Your Goals: Think about what you want for your career in the long term. If gaining extensive M&A experience is essential, weigh your options carefully. It might make sense to stay if you believe the firm can eventually meet your needs, but if not, looking for a new environment could be the right choice.
Ultimately, trust your instincts and choose the path that aligns with your career aspirations. You’re not alone in feeling this way, and many associates experience similar challenges. Good luck!