Law School Discussion

Working at a CDO/Derivatives firm out of law school?

Working at a CDO/Derivatives firm out of law school?
« on: June 03, 2007, 10:54:31 PM »
This is probably not the right forum to post this in, but I couldn't really find a better one in here since all the other sections are just about law school.  I have been hearing some very promising information recently regarding obtaining a legal position at a CDO (aka Derivatives) corporation, or firm, whatever they are referred to.  I was trying to found out if it is possible to get an in house counsel job at one of these CDO/Derivatives firms right out of law school?  And if not, what is the best route to take to try to get a job at one of these places? (like what type of position to try to get out of law school).  Thanks a lot.

Hank Rearden

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Re: Working at a CDO/Derivatives firm out of law school?
« Reply #1 on: June 03, 2007, 10:58:36 PM »
What does a derivatives firm do?

Re: Working at a CDO/Derivatives firm out of law school?
« Reply #2 on: June 03, 2007, 11:04:34 PM »
Derivatives are kind of complicated, if you know about bonds or other "fixed income" type investments, they are similiar to bonds. I'd try to describe it to you but i probably won't explain it right, they are very complicated to even describe. But they are pretty similar to bonds. Basically these are Wall st. type firms, but located all over the country, not just NYC.

Hank Rearden

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Re: Working at a CDO/Derivatives firm out of law school?
« Reply #3 on: June 03, 2007, 11:09:06 PM »
Generally I've heard that it is hard to get in-house positions until you have experience in the particular field in which the business in question is involved.  I'm not sure why it would be any different for these CDO firms...

Re: Working at a CDO/Derivatives firm out of law school?
« Reply #4 on: June 03, 2007, 11:15:13 PM »
Generally I've heard that it is hard to get in-house positions until you have experience in the particular field in which the business in question is involved.  I'm not sure why it would be any different for these CDO firms...

i have no idea if it is different or not, i was just curious.   :D Is the only way to get experience in finance/economics on the legal end working in biglaw firms, or are their other ways?

obamacon

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Re: Working at a CDO/Derivatives firm out of law school?
« Reply #5 on: June 03, 2007, 11:16:57 PM »
What does a derivatives firm do?

Derive furiously.

Hank Rearden

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Re: Working at a CDO/Derivatives firm out of law school?
« Reply #6 on: June 03, 2007, 11:22:11 PM »
What does a derivatives firm do?

Derive furiously.

Did you work more than 60 hours this week?