Private equity lawyers have more job choices outside New York. Meanwhile, deal work is growing in many U.S. cities.
A new guide from BCG Attorney Search names the best markets for private equity lawyers outside New York. Specifically, it looks at pay, deal work, living costs, and partner roles.
As a result, the guide highlights cities that can offer strong career paths outside Manhattan.
Learn more from this guide: Best Markets for Private Equity Lawyers Outside New York Pay, Deal Flow, and Partnership Upside
Houston Leads the Market
Houston is a top market for private equity lawyers.
First, the city has many energy and infrastructure deals. It also has a strong business sector. Texas has no state income tax. Therefore, lawyers may keep more of their pay.
Dallas is another strong Texas market. At the same time, its business sector is growing. As a result, more private equity firms are doing deals there.
Chicago Has Strong Deal Work
Chicago is another major private equity market.
In particular, the city has many deals in the middle market. Key areas include health care, finance, manufacturing, and consumer goods.
For lawyers, this can mean more deal experience. At the same time, they can face lower living costs than in New York.
California Offers Many Deals
San Francisco and Los Angeles have active private equity markets.
For example, San Francisco has a large tech sector. Therefore, lawyers can work on deals with tech firms and investors.
Los Angeles has a mix of industries. These include media, entertainment, health care, and consumer goods.
However, California has high taxes and housing costs. As a result, these costs can cut into a lawyer’s take-home pay.
Boston and Washington Offer Niche Work
Boston has a strong health care market. In addition, it has a large life sciences sector. Together, these areas create private equity work.
Washington, DC, offers a different path. For instance, some deals involve government rules and antitrust law. Others involve national security issues.
Therefore, lawyers with deal and regulatory skills may find good options in Washington.
Southeast Markets Are Growing
Miami, Atlanta, and Charlotte are gaining more interest from private equity lawyers.
In Miami, business and investment activity is growing. Also, the state has no state income tax. In addition, the city has strong links to Latin American investors.
Atlanta has private equity work in health care, logistics, and payments. Meanwhile, Charlotte has a strong finance sector. Both cities, therefore, offer room to grow.
For lawyers, these markets can help build client ties. They may also create paths to partnership.
What Lawyers Should Check
Salary is only one part of a job offer.
Instead, lawyers should look at the firm’s clients and deal work. They should also check office growth and partner opportunities.
Living costs matter too. Likewise, state taxes can change take-home pay. Therefore, lawyers should compare the full value of each offer.
Private Equity Moves Beyond New York
Private equity work is growing outside New York. In turn, this shows how the legal market is changing.
More deals now happen in cities across the country. At the same time, law firms are adding lawyers in these markets.
As a result, lawyers have more choices. New York remains a major legal center. However, it is not the only place with strong private equity work.
Overall, the BCG Attorney Search guide gives lawyers a simple way to compare markets. In addition, it can help them find a city that fits their career goals and budget.
Learn more from this guide: Best Markets for Private Equity Lawyers Outside New York Pay, Deal Flow, and Partnership Upside
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Top Private Equity Markets Outside New York first appeared on
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