Job Details

Corporate Debt Finance Associate

Company name

Organization Type

Law Firm

Job Type

Attorney

Date Last Verified

Oct 17, 2021

Valid Through

Jan 30, 2022

Posted on

Sep 17, 2021

Years of Experience

1-3 yrs required

Location

Chicago, IL, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Finance >> Finance - Banking
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Profile

Corporate Debt Finance Associate
The candidate must have 1-3 years of experience. Should be familiar with negotiating, structuring and documenting debt finance transactions. Experience representing private equity sponsors or their portfolio companies, or lenders providing financing to such entities, in leveraged buyouts and other acquisition financing transactions is preferred. Must have an outstanding academic record (with a J.D. degree from an ABA-accredited law school), along with excellent writing and analytical skills, and be a member of the New York State Bar or have the ability to obtain admission promptly in the appropriate jurisdiction.

Company info

Hiring Coordinator
Akerman LLP
71 South Wacker Drive
46th Floor
Chicago, IL 60606

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Review:

"Associate Attorney"

Current Employee - Reviewed on October 17, 2021

Consider offering a training course for new associates (or anyone interested) that is basically a crash course in firm economics, bottom-line incentives, unspoken and unwritten expectations for attorney development, etc. These things exist and are available, but a more formal, structured process will help retain associates and make them more effective, plugged-in members of the team.

Pros : Typical biglaw resources, solid travel/expense/CLE budget for younger attorneys, good trainings, software and capabilities are far beyond what you'll find at a smaller boutique. Sophisticated clients and matters, interesting work. It varies by office and practice group, but on the whole, the partners are reasonable people with souls who actually care about associate development. Name recognition, etc. Basically all the typical AmLaw100 pros.
Cons : Benefits could be better. No 401(k) match for associates, but with the higher biglaw salaries and bonuses, it's not a dealbreaker for most. Also has all the typical AmLaw100 red tape, with a steep learning curve on the administrative side for attorneys without biglaw experience. A lot really depends on your practice groups and even the partners you work for (no surprises there), but you have to be comfortable putting in the leg work to ask questions and get a grasp on the non-billable side of the practice. Finally (and this could be a product of certain practice groups/offices/managing partners), there's not a ton of transparency for associates on the financial/business/internal politics side of the practice. Takes a lot of (non-billable) to figure out where the financial incentives are, where the sustainable sources of work really are, etc. All of that being said, it's a great place with an ambitious and excellence-oriented culture, all the while offering associates plenty of training and guidance as they develop their practice. Not planning on going anywhere anytime soon. Might leave once partnership is on the horizon (see above comment re: lack of transparency on financials and internal politics).
Approve of the CEO[?] : Yes
Recommend this employer to a friend? : Yes
Business outlook for the next 6 months? : up
Current or former employee? : Current Employee
Job type : Full time

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