Prof Griffith Says Increased M&A Activity Good for Grads
Professor Sean Griffith, director of the Fordham Corporate Law Center, recently argued that the job market for recent graduate students isn’t as dismal as it’s made out to be.
In an article in the New York Law Journal, Griffith said that a recent boom in M&A work might be just the thing for well-positioned students to take advantage of while submitting resume after resume.
M&A activity produces a lot of legal work for a lot of lawyers, especially lawyers in New York. The deals are heavily lawyered in a wide range of specialties, including tax, IP, antitrust, litigation and corporate. . . . Since 90 percent of mergers are challenged in shareholder litigation, often in more than one lawsuit and more than one jurisdiction, litigation practices may also see a sustained caseload uptick from the increase in deal activity.
But not all of Griffith’s advice is centered on the M&A market. He gives practical advice not to graduates, but to the incoming class. He says to find a school with a strong faculty publication record in your field of interest, since that will usually emphasize a school’s priorities.
After that, students should look to see whether the school has a deep bench of adjunct professors connected with the practicing bar. Adjunct faculty provide a valuable, ‘real world’ education that prepares students for what they will encounter when in practice. Strong adjuncts also serve as great contacts when it comes time to get a job. Finally, students should pick a school that feeds a market ripe with opportunities in the specialty they are considering.
He closes with optimism he argues is well-earned:
The pre-2007 boom years for the legal community might not return for some time. But a small boomlet in certain business law practice areas seems to be underway. Law students who work hard and position themselves intelligently will find many opportunities available to them at graduation, providing that crucial first step in a rewarding, lifelong career.
Read the full article at the New York Law Journal