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Risk of a layoff inhouse?
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Date: October 21st, 2014 3:21 PM Author: Appetizing frisky church doctorate Bros,
How realistic is it of a risk that an inhouse job may be eliminated due to a merger or acquisition.
Typically, how much time do they give you to find another job?
I have roughly 2.5 years of "regional biglaw" experience. |
Date: October 21st, 2014 3:27 PM Author: Razzle-dazzle translucent boltzmann cuckold It's a big risk if you're on the target side, especially if you're transactional, securities or some other type of corp and will be redundant. You're a bit safer if you're in with a business line, but after integration you'll probably be on your ass.
As to how much time...the time between closing and 9 a.m. the next day. It's no secret. |
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Date: October 21st, 2014 3:35 PM Author: Appetizing frisky church doctorate Im sure often you are aware of the transaction before hand usually a couple of months right?
They will lay you off right after the merger or acquisition?
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Date: October 21st, 2014 4:01 PM Author: Territorial turquoise shrine Agreed with caveat that risk is smaller if acquiror is not a strategic
Even if strategic you probably have 6-12 months of safety for post-closing integration window |
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Date: October 21st, 2014 3:29 PM Author: Mischievous Copper Faggotry Alpha (CSX General Counsel) (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560024) |
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Date: October 21st, 2014 4:03 PM Author: multi-colored self-absorbed public bath Somewhat high, since you are a cost center. Non-GC in-house counsel are often the first to be cut, even without a merger. (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560203) |
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Date: October 21st, 2014 4:21 PM Author: Appetizing frisky church doctorate I'm trying to evaluate that risk going inhouse vs staying at my law firm for another year before leaving.
If I get axed, will it suck a lot more for someone who only has 2.5 years of law experience vs someone that might have 3 or 4 years?
Any risk that if the GC gets replaced the whole staff might get replaced? |
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Date: October 21st, 2014 4:52 PM Author: Territorial turquoise shrine If you're core transactional (particularly m&a) you might be able to get back to a firm relatively quickly if you had some good experience before going in-house--from that perspective the more years the better (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560538) |
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Date: October 21st, 2014 5:13 PM Author: Fragrant frum tank it's basically impossible to assess the risk unless you know what type of company this is and how realistic they are a target for an acquisition. for instance, you didn't say if they're a public or private company. i work at a private company and they are at a higher risk for being acquired than a public one. that is just one of many factors.
i can say that w/o knowing more, if you have 2.5 years of law firm experience and 1.5 of in-house, you will be a lot more desirable for another in-house position than 4 years of law firm experience. you will not be able to go back to a firm after you leave though.
also, it's more likely that you'll get "the talk" by the law firm before you land another in-house position than you being out on the streets b/c your company was acquired. |
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Date: October 21st, 2014 5:20 PM Author: Appetizing frisky church doctorate Nutella,
Do you have a throwaway email I could contact you with?
Thanks! |
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Date: October 21st, 2014 5:25 PM Author: Fragrant frum tank sure, nutella1@gmail.com
i prob won't respond today but will do so next few days. |
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Date: October 23rd, 2014 2:01 PM Author: Fragrant frum tank i responded. sorry it took me awhile! (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26571678) |
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Date: October 27th, 2014 7:46 AM Author: Appetizing frisky church doctorate responded back. Thanks (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26595020) |
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Date: October 21st, 2014 4:56 PM Author: Appetizing frisky church doctorate im M&A & tech trans The inhouse job is a little bit of everything. I'm a little worried about a possible merger or acquisition if it were to happen. I don't want to go on the streets... |
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Date: October 21st, 2014 4:59 PM Author: curious son of senegal He who liveth by the M&A, dieth by the M&A (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560575) |
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Date: October 21st, 2014 6:58 PM Author: Razzle-dazzle translucent boltzmann cuckold Be chill & fratty with the outside firm doing the M&A and then ask for their help landing you somewhere. (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26561091) |
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Date: October 21st, 2014 4:58 PM Author: shimmering cracking bbw menage good friend of mine copped an in house gig. Within 6 months of her getting hired, her company got acquired by some other company. She had two choices, move to Dallas to the new company's headquarters, or take a 9 month severance. She chose the latter. (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560569) |
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Date: October 21st, 2014 5:01 PM Author: Appetizing frisky church doctorate Is that what happens to most legal staff in an acquisition? or do they just axe you? (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560584) |
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Date: October 21st, 2014 5:02 PM Author: multi-colored self-absorbed public bath 9 months severance is pretty sweet. (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560588) |
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Date: October 21st, 2014 7:06 PM Author: impertinent startled yarmulke (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26561113) |
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Date: October 23rd, 2014 2:06 PM Author: Beady-eyed piazza boistinker (http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26571719) |
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