Thursday, June 19, 2008

Just when I think I'm out, they pull me back in

I am pondering being a tax lawyer again. Yes, I know what I said. But I've been doing tax work for the past week and I like it. See, I go through these phases with tax:
  1. You want to do what to the what?
  2. I have no idea what you are talking about. I can't even lift these giant books.
  3. I cannot possibly figure this out. It is incomprehensible.
  4. It is incomprehensible, but only to me because I am too stupid to understand.
  5. Hey, this is starting to make sense.
  6. This is actually pretty interesting.
  7. Figuring out the tax code is fun, like an elaborate puzzle. Also, I am a super genius.
  8. Rinse and repeat.
So here is my pro and con list.

Tax:
+ Reasonable, flexible hours that you can mostly set yourself -- few work-all-night emergencies.
+ Be an expert in an esoteric, yet crucial, field.
+ Constantly learn new things and use analytical skills.
- Relatively isolated from rest of firm.
- Very small group with no junior associates.
- Seems difficult to develop long-term relationships with external clients.
- Not sure if I will ultimately find it worthwhile. The point seems to be more about saving money or complying with rules, rather than actually accomplishing a goal.

Corporate:
- Hours can be unpredictable, at mercy of client.
- Seems like there's lots of grunt work the first couple of years.
- Not clear that you really need to be a lawyer to do this kind of work. Could be replaced by consultants?
+ Lots of interaction with clients.
+ Opportunities to develop expertise in industries as well as legal specialties.
+ More flexibility for both present work and future career options.
+ Big department with lots of associates and partners at all levels.
+ Established training procedures.
+ Helping people accomplish a desired goal.

I think the last point will be determinative for me. Still, I'm going to find out if it's possible to do both types of work at The Firm.

If you've been a summer associate, you've probably experienced the Lunch Email: "I'm going to lunch with so-and-so, a litigation associate. I can bring two summers." Within seconds, you get twelve responses. I sent out a lunch email the other day saying I was going to lunch with a tax partner. NOBODY responded.

3 comments:

Cee said...

Awww...poor tax lawyers, get such a bad rap. But i mean, tax lawyering involves...gulp...numbers!

Shelley said...

My understanding was that tax lawyers could get sucked into those all night merger deals, too -- are they sugar coating it to suck you in?

dgm said...

Oh, how I wanted to be a tax lawyer at my first firm, but there were no positions open. It's true you could get sucked in to an all nighter, but I think that's much more common with litigation or corporate. Plus, the tax lawyers I knew (and know) are a much more quirky and interesting bunch. Or maybe I'm just seeing it through rose colored glasses.

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