I Quit My Job as a Corporate M&A Lawyer
ฝัง
- เผยแพร่เมื่อ 11 มิ.ย. 2024
- I quit my six-figure job as a corporate M&A lawyer.
During my 3.5+ years in the industry, I learned a lot of things about the legal profession (particularly in private practice), as well as about myself. I also watched the industry change over time, moving towards a direction which fundamentally changed the nature of the job. In this video, I talk about all of these things, and the reasons why they led me to eventually decide to quit my job.
Love our content and want to support us? Buy us a milk tea here! ☕ ko-fi.com/emandlloyd
Follow us on Instagram 📷 / emandlloyd
Subscribe to our newsletter 📝 emandlloyd.com/newsletter
Contact and Goodies
🌐 Website - emandlloyd.com
📧 Email - us@emandlloyd.com
🎧 Chill Beats Playlist - open.spotify.com/playlist/0Kx...
Timestamps:
0:00 Introduction
1:21 Disclaimers
3:04 Reason #1
6:45 Reason #2
9:15 Reason #3
10:45 Wrap Up
Absolutely fascinating - I am a Chartered Accountant in the U.K. working for 46 years full time in the Financial Services industry - what you have clearly articulated even I can relate to at my age now of 62! I am now following your TH-cam videos - thank you! Peter
Peter, I used to be an ACCA accountant (now resigned). It wasn't so much the job nor the hours expected (9am to whenever, especially around year end and month end) in actual fact I found that the quality of people and professionalism had deteriorated. I was dealing with CIMA/ACCA accountants who couldn't balance a TB nor did they know their basic DR or CR, they were just passing the exams to get the credibility which in turn come with misplaced arrogance/confidence. I also found that people who were 'unqualified' yet far more experienced and capable were being passed over for promotions and project work in favour of 'qualified' employees. I sometimes miss the job, however, I am more at peace with myself.
I am also FCCA accountant in the financial services industry and now I have resigned. The work does not scare me. Even though I was underpaid, The work I was delivering was of quality and also bringing good revenue to the company, even working during weekends to meet deadlines. However, I wasn't being valued, my ideas not taken into account. One thing I want to point is that when going to the job market again, the interviewers find it odd for a person who has taken a career break as if its an offence and u are not selected. I quit my job for health, my own peace and focusing on my personal matters rather than doing my best for someone else to earn money...
GOD BLESS YOU PETER!!!!!🙏🏽🤲🏽❤️❤️❤️
@@DIMMU_BORGIR I RESPECT THAT 🙏
After 20 years in the legal industry, I left and went back to school. I had two burnt-out and diabetes with the stressful lifestyle and crazy work schedule. The legal environment is toxic and demanding, no matter what type of law you do. I did immigration law and that was very emotionally satisfying. But it got too much after I hit 40 and my body and mind didn't like it anymore. I walked away from $350K a year. Whatever time I have left in life was more important, I decided to learn what I like and do what I like, and be more in control of my life.
Corporate environment toxic af
So what are you learning?
Could I ask what it is that you did to figure out what you like?
And here I´m sitting at my desk on a sunday, having to draft some legal paper that´ll take me all day but somehow TH-cam is much more interesting...
@@lloydmo9409 I took a year off travelling and trying out everything.
Honestly of course you quit, I watched your week in the life of video. It's actually NOT OK to work that hard and be wired in 7 days a week. Any person will get burned out and when you take a step back to reflect, you realise the input and effort doesnt always translate to meaningful outcomes. Happy for you that you quit, hope you find something that isn't so taxing in the future.
I have been viewing all the comments for an hour and a half and this is the best I have ever read! Thanks so much! I would bear that suggestion in mind when I go on my career as a lawyer.
Yea em also worked on Sunday… horrifying
Congratulations. Identifying what one truly values is a priceless realization, and often, it comes too late. I look forward to seeing what's next for the two of you.
Hi Lloyd & Em. Hope that you can soak up the sun and the palm trees as much as you can.
Thank you for sharing your reasons. Thank you for putting a lot of efforts in editing, filming, adding B-rolls, replying to comments.
It's absolutely useful for younger folks who want to work in the legal industry.
Those reasons are also not inherently just for the legal profession.
I'm sure many people can benefit from watching this video and think about if they run into similar things in their jobs.
Mental health is important. Please take good care of yourself. Until next time
Your unflinching honesty and ability to see life for what it is are a credit to you. All the best and enjoy your newfound freedom.
As an aspiring solicitor, hearing your story is like gold, thank you Lloyd!
thanks so much for being so honest about your experience, im starting law school and it's nice to hear multiple perspectives on the industry
same here😅
As a law school graduate all I'm saying is good luck :')
@@maramshihab6152how hard has it been trying to get your foot in the door and get a job in the field after graduating?
great to hear this news!! you have all our support along the journey of doing YT. i hope everything goes well with you!
Good for you! Hope this new chapter brings you well.
Congrats to you for quitting and finding fulfilment now! It is still one of my biggest regrets that I let my youtube channel basically die when I landed my magic circle training contract. But 8 years ago it seemed like madness to choose being a creator over the legal career I'd worked so hard to build! So glad there are people like you showing people that it is possible to choose yourself and follow your heart. Wish you and Em the best! P.S. I refused to go on secondment in Hong Kong because everyone at my firm knew that was an intense seat especially for banking and corporate :-D
It’s appreciated your genuine sharing and prudent insights. I’m also supporting your vision to uncover more and more transparency for those who considers to enter a career, industry, and life. Even for those who lacks of resources to get the working situation earlier. So, I create my channel by voice!
Congratulations on this decision - It's definitely not easy but I'm so incredibly excited for you both to see where life takes you. Love from Australia!
This is the kind of honest content aspiring private practice lawyers need before deciding to jump into massive firms. Great video!
Thanks for showing the reality of the business. Not all bad, not all good, just real. Best of luck with whatever is next.
I don't ever had interest about law stuff before, but watching your review videos is something so cool. Keep up with the content!
Congrats! I used to work in the legal industry as well (also in corporate but mostly IPO), so I can totally relate to your video. I am honestly so much happier and healthier now, and I hope you will be too!
Hey Lloyd, I'm glad to see you have chosen the path you feel is best for yourself, and thank you for being honest with the decision process. Best luck with your future endeavors!
Thanks for your insightful and honest sharing, as usual! All the best to you and Em!
So happy for you and Em! Congratulations on all your achievements to date and all that’s to come! :)
Congrats Lloyd and thank you and Em for sharing your genuine thoughts and experience with us! I’m going through similar struggles with my work and I admire your conviction to do your own thing
As I mention at the end of this video, we’ll be releasing a Q&A / FAQ video 2 weeks after the date of this video! Let us know in the comments if you have any questions you want answered 🙌🏻
since both of you are taking a break from your career, will you be considering having a baby?
What's the suggestions for JD students' careeer choice based on the hk lawyer background now?
BIG QUESTION- What are you going to do now. In-house?
What's it like getting to Sunday afternoon and not getting that knot in your stomach ahead of ANOTHAER deadline packed week? Priceless, right?
How’s your life routine now? Do you have any fear when you are unemployed? If you do, how do you manage it?:)
Good luck! I quit practice about 13 years ago and went to a know-how company you'll have heard of. Best decision ever, been here 13 years. Hope the new ventures go well for you both.
Hey Lloyd, Hingson here. I have been binge watching your TH-cam content as a corporate lawyer for the past week (I quit the industry 5 years ago for similar reasons you pointed out)! Looking forward to the more of your content of your next passion!
You got to follow your heart and gut. Good on you for putting yourself first! 🙌🏽
Have a good rest and good luck on your next journey!
Hi L & E, I have been in legal practice for the last 10 years, feeling exhausted and motivated to take a break too after watching your video. I think this is important before moving to the next journey. Tks
Lloyd! Thank you for this video! Your specific examples really resonated with me. Always love you and Em’s transparency and complete honesty. Wishing you guys luck on your journey. I know you guys will do great on your next journey. Keep in touch!
Hi Lloyd. Thank you very much for once again sharing your personal experience. I work as a junior associate in Italy for an international law firm, and even though you are in a different continent, your experience resembles mine a lot. It is “great” to hear that some of my perplexities on the job and especially on how things are dealt with (e.g. when in comes to rates and budgets) are not just my own problem. This makes me more determined to switch to in-house. I know some might see it as a downgrade or even a waste of potential but I feel like I’ve been robbed of a lot of my personal space and time which no one and no pay check will ever give me back. Thank you again because your story strengthens my idea that the productive myth is toxic, or at least not fit for everyone.
Last but not least, best of luck with your future! 🍀
It is certainly not a waste - I'm happy I entered the profession and gained the knowledge/experience that I did, which will be with me for the rest of my life. I am sure the same will be true for you no matter what career path you decide to go down. All the best and thanks for the support!
Thanks for sharing and glad to hear you both have made the decision without having a job to take a break, same here, hv just quit to take a break too, it's time to take care of mental and physical health. All the best to all of us.
Good luck 👍 it's nothing wrong to change, you can find your own way/journey...all the best !
Your videos have been very relatable to me. Thank you for sharing your journey with us and best of luck with your upcoming adventures!
Congrats on quitting. Exciting times and so brave of both you to take this step
wow wow wow this channel is amazing thank you so much for sharing your insights. I'm a final year law student in AUS with a commercial law graduate program starting from next year and had so many concerns swirling through my mind. your videos have definitely helped quell some of my concerns. can't wait for your future content and sending you all my support from down under!!!
Great video. I used to be a banking lawyer and can relate to everything you said. I moved into teaching and haven’t looked back since.
Glad to hear you got the courage to jump out and have your work/life balance back. I've been following you because I work on the other side of the deal (M&A advisory) and it's been interesting to see how corporate finance lawyers work. I can also reflect my own work/life balance and I'm glad my working hours are more manageable (approx. 35h/week in Finland).
How much you earn?
MAY GOD BLESS YOU AND GUIDE YOU IN THIS NEW JOURNEY!!!!!🙏🏽🤲🏽❤️❤️❤️
Funny how a lot of the things you mentioned reminded me of my (short) time in advertising, and the reasons why I eventually left as well. The worst part was definitely slaving away under high pressure just for the client's deadlines & projects that I didn't even create or own so it felt especially pointless to me.
Great video as always! Love that you guys always keep it real ❤️
Having spoken to many friends in other professional services industries like advertising, I definitely realized that a lot of what I was feeling was actually relatable across many different industries under the wider "services" umbrella. Really happy to hear that the video resonated with you, and thank you for the support!
Thanks for sharing your honest thoughts. I can totally relate to that as I have been there before and decided to quit after 5 years as a corporate finance lawyer. Now I am in a happier place with better work life balance. I wish you and Em well and totally support you two’s decisions!
Just curious, what do you do now? And how did you decide what to transition to? Feeling lost :/
@@mihotsubaki8892 I am still in the legal profession but I went inhouse and I am doing general corporate work which has much less workload and my company values work life balance. I decided to leave law firm because the hours were too long and there was too much workload as I was in corporate finance. often I worked after midnight, on weekends and public holidays. I noticed that its too stressful and it’s affecting my health so I decided to quit. Health is upmost important. Hope my advice helps!
Congratulations Lloyd (and Em too). I can understand how difficult it is to leave your comfort zone after spending years building a solid career in law. I think many of us would be interested to know - what are your plans for the next step? Are you two just taking a break or are you guys becoming full time TH-camrs?
I’m looking to becoming a lawyer and your content is incredibly helpful in helping me understand the industry. Thank you, Lloyd!!
You’re very welcome! Best of luck :)
There is no greater feeling to be able to recognize what gives you joy and actually be able to attain it day in and day out. Fully respect your decision and am happy that you decided to quit. I hope you’ll be able to take this time to recharge, to enjoy some time with Em and I am sure there are plenty of opportunities ahead once you feel ready. I am not in the legal profession but have always been fascinated about yours and Em’s experiences. Perhaps consider writing a book, my humble opinion is that you’ll be very good at it and I’ll be the first one to get a few copies 😃.
Dude!! This has been super helpful I’ve actually just quit my job at the end of December last year. And whilst I’ve found a job now, I spent the last two months in full on existential dread about whether or not I wasted opportunities, my degrees and should’ve just stayed in law to keep my family and colleagues happy.
This video just validated my struggles and I feel much more ‘sane’.
I’m looking forward to seeing more of your journey!!
Kindest regards
A former lawyer
So glad to hear this, and thanks for leaving such a thoughtful comment - we definitely wanted to share our experience for others who were going through the same (or a similar) thing. All the best with everything coming next for you!
Thank you so much for your sharing, exactly what has come to my mind, especially the part keeping this job to make everyone but you happy. This is really helpful for me with my mental health. Hope to hear more update from you
Exactly the reasons why I'm seriously planning to leave the law firm industry. I wish someone had told me these aspects of the law firm life before. Thanks so much for this video!
Great work man, really proud of you!
Your videos are awesome btw! As someone who was living NYC law firm life for 7 years, I can say that they're accurate and faithful to what it's like to practice as a transactional attorney. Best of luck on your new ventures!
Life is hard. Man up and put your big boy pants on. One of the best advices that I ever got. Work hard and play hard. No weak sauce sh*t.
All the best to you and Em!
Thank you for your honest perspective.
looking forward to more videos! really like all your tips and your insights
Wow! Best of luck, Lloyd. Really looking forward to the Q&A.
This resembles my story so much, Im an accountant and quit 6 months back (without a job lined up) because of the reasons that were mentioned in this video. Now I'm trying to figure what I want to do next in my life.
Really appreciate this content. Thank you!
Thank you so much for keeping it real with us.
Are you a daydreamer ?
This was refreshing. First off I'm very impressed with your ability to express everything in such a highly immense, intelligent manner. Having a client call in for some urgent work which disrupts your entire weekend can be extremely frustrating and then having that happen often can really make you hope for a basic 9-5, no on-call life. Extremely understandable. I hope you've found a recovery of such mental exhaustion and have started living comfortably. Best wishes with your pursuit of meaningful living and my question is - Are there law firms that don't have on-call and have fixed 9-5 hours?
Thank you for the awesome feedback! Some in-house roles are more 9-5, but private practice is usually less predictable.
I’d been several years in private practice, was never very good at it (nothing too demanding intellectually, just not organised enough, and especially not good enough at sucking up to partners; I was always respectful). Now I’m in-house at a massive US tech firm, learning a new area. Hours roughly 9-7, 9-8. Money similar, but chaotically unstructured. Plenty toxicity too. Thankfully I teach jiu-jitsu which gives me plenty of satisfaction.
It’s a horrible life. I put on 40kgs since I started as a corporate lawyer at a top tier Australian firm 5 years ago. I also have several issues with my lower back, hips and legs from sitting for extended periods. I’ve lost all my friends because I never have time for them. All I do is work, and when I’m not working I’m thinking about work.
All of the above is true, yet for some fucking reason I’m terrified of quitting.
great video! wishing you guys the best !
Not surprised by this ultimate decision after watching your other videos. The amount of Sunday night blues I sense...
Wish you the best in your future endeavours!
Thanks for sharing and congratulations on the next chapter or at least a break from all the madness! As a corporate law associate myself, I have to say that all the reasons you mentioned are very genuine and candid. We’ve spent years of education and trainings to adapt to the on-the-clock type of client service, and honestly what scares us or at least me is not really the hard work or the all nighters, and we get compensated for that quite generously, cravath rate, cola and all that. However the idea of not being able to make any schedule or commitment or just exploring new interests outside work in a meaning way is what bugs me everyday. The notion of staying on the job for a few years and exiting thereafter while golden handcuffed is ironically pragmatic (which I am struggling with everyday as well). Congratulations again on moving onward and forward!!
Thank you - it definitely helped me when I spoke to friends in the industry about their experience and realized that I wasn’t alone in feeling this way. I hoped that by speaking candidly about these issues in the industry, others could relate and possibly reflect on their own situation as well. Really happy to hear that the video resonated with you! 🤝
Nice work guys! Keep the videos coming.
Here's to new adventures ahead!!
Wishing you all the best in no matter what you do! 😃
We support you lloyd. We live in hk too and watch alot of your videos.
Really loved the quality of your videos! All the best to you in everything :)
Thank you so much for the video- it is inspiring and i look forward to your upoming journey!
I resonate with your reasons, I’m also a lawyer in HK and I decided to move in-house early on for a better work life balance!
Congratulations on putting your self first!
Congratulations on your courageous decision! It's so important to be passionate in what you do. Babysitting clients is only acceptable if they are paying you more.
Thank you! So inspiring.
Proud of you!
You inspired us all. Do Good lucks in your next adventures.
Essential definition of law industry, the same it looks in Poland. Best greetings for You both
My jaw literally dropped when I saw this video - having known you from law school and college, this is a huge surprise. But, I understand where you're coming from - everything is SO relatable - and I can't wait to see where life takes you both next! Enjoy California :)
Thank you, Christie! Haha - definitely a bit of a 180 from our uni days :) I suppose it's just another reminder that life has the potential to take us on interesting journeys. Thanks for all of the support towards our channel from day one!!
Love you guys 💖
Good for you! And what a HQ video once again :)
Thanks for this video! I can definitely relate to some extent. Worked as a privacy lawyer for 3-4 years, quit (mostly because of reason #2) that you mentioned in the video. Took a coding bootcamp and today I am working as a web3 developer in the crypto space! I am enjoying every bit of the way and haven't looked back since!
You rock ! all the best for the next step :)
Congratulations!!
You both make excellent videos - just goes to show how creative and talented you are (I personally think it would be such a waste for you to continue working full time at a firm with such unpredictable work schedules). Looking forward to learning more about your many hidden talents!
Thank you so much! ❤️🙏🏻
Best wish to your new journey
Good luck with the future! I’m / was from the engineering industry and I quit many years ago feeling I sold my soul to work and other people’s whims…my life is much better when not bowing down to others. Life with 3 kids is harder than any industry 😂
I was expecting this since a long time.
Thanks for sharing another great video! Could you share more about how you managed your billable hours? Thanks! God bless you and Em.
I want to be a lawyer, I absolutely love law and have an undying passion for it, but ngl all the cynicism I see from other lawyers when it comes to their work really scares me (Though I still want to pursue it regardless) Maybe I'm just an overzealous high-schooler who doesn't know the world yet, but who knows
But anyway, thank you for this eye-opening video, I'm glad you were able to find and realize your own meaning and that you're more than the legal industry. Hats off to you and Em, hope you're living your best lives now :)!
law has a toxic work culture...apparently the system is set up to make you unhappy no matter how hard you work or try to be enthusiastic about your job
at career guidance they should have warning labels for law like "do you want to be unhappy for the next 40 years", "are you willing to sacrifice your mental and physical health for your job", "no work-life balance", "become cynical af about life", "sacrifice your personality for the sake of your image as a lawyer in society", "be silenced by regulatory bodies about how your profession makes you sick" etc...
I do feel this is a lot more relevant for Asia and US than Europe. I work in London and my Hong Kong counterparts really does very long hours.
love it whn u shared what book u have read that made some sort of a difference in you. nice video man!
Thanks, Aaron!
Important video, subscribed.
I am so excited about the Q & A. It is fascinating to hear about this career in other places. Do you frequently use Cantonese in and out of the Job?
Thanks for sharing your story, and for being a great mentor and friend!
(ps love your new tan)
Thank u superstar trainee
Thank you for sharing, finished
Super proud of you guys as often times it’s really easier said than done but you actually courage up to quit what doesn’t feel right and to pursue something more meaningful in life🥺 A question for Q&A- how would you answer a question such as “tell me about your weaknesses” in an interview and can you give a personal example of how to answer this type of question? thanks! best of luck to you two 💓
I’m thinking of getting a JD/MBA specifically because of some of these things that worry me (as a big law paralegal, I see the things you’ve mentioned) so that I could move into a business position and not have to do it necessarily by lattering in as an in house attorney first.
Thanks so much!!! Your videos have always been so informative and insightful. Question: is it common for lawyers at international law firms to move around and practice law in different countries? Thx!
Thank you Lloyd for the honesty. I left my corporate lawyer job too cos of the sacrifice of all the on and off time also and was self questioning whether it was the right decision. Really appreciate your honesty which makes me realise I am not the only one and realise theres more to life and career than private practice. Question: do you get scared about the length of time after you quit your job in pursuing your next job/ career move?
I wanted to be as honest as possible in communicating my thoughts particularly in case it helped anyone else in the industry realize that they're not alone in thinking/feeling these things. Very glad to hear that this was the case with you! Will answer your question in more detail in our Q&A video, but the short answer is that yes, it's been an incredibly scary time all around - but it helped to have planned for this to some degree, and similarly I don't think I've ever felt better about my life trajectory. Thank you for the support and thoughtful comment!
@@EmandLloyd how has china influence affect HK? Less freedoms? More corps leaving for Singapore?
I'm a lawyer and I hate it. There is no work life balance, a lot of politics, boring as shit, and clients have unreasonable expectations when they were the ones who didn't plan accordingly.
I am planning on leaving as well.
which country and city?
Full support brother, you have one life to live and don't throw it away for no one.
We saw it coming because no Human can handle that pressure.
Some however do, but only by using drugs and numbing the pain, and that's a horrible price to pay.
Just discovered your channel, and this video was so insightful, thank you! Had to subscribe :)
I'm now doing a part time law degree and thinking to pursue a career in corporate law. But after hearing so many horror stories in law firms and seeing lawyers like you and Emily eventually leaving the industry anyway, I start to question whether I should go ahead with this plan or just continue my financially stable yet unchallenging career.
You should believe in yourself. If
that's where you feel your place is, then that's where you belong. And if you are not able to withstand this challenge, you can always quit and switch for a second career.
There are positives which came out of doing this too - I certainly think having legal literacy is great, and the credentials open up many more doors as well. Part of why I am able to leave comfortably is because I feel like the skills/experience I've gained being in the profession will stay with me forever. I believe things in life such as jobs/career are not necessarily permanent, but that doesn't mean they're not worth doing :) all the best to you on your own journey!
@@EmandLloyd thank you for the reply! that is very encouraging and means a lot to me! Keep up with the good work🔥
@@mannanmorvi1806 thank you too!
Don't become a lawyer.
Liked before watching 😉