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The higher up you are in IB the more important legal aspects become, e.g. governance, exit rights, noncompetes etc. If you move to the buyside you can't leave these to the lawyers to agree amongst themselves
i didnt comment on this but actually you would NEVER have a lawyer try to alter a deal and confront a banker like Louis does on this show haha it's entirely unrealistic. everything comes from the management team's desires and the bankers are the middlemen who negotiate with each other and run the process. the lawyers play a crucial part in explaining what is allowed and not allowed during the deal and advise the client + bankers but would not try to alter the outcome of the deal
Billions is best show. I worked in real estate fund management and we had team of lawyers on retainer. We just saw them as a service provider that worked for us. We had a $2.6 billion fund, so probably 70% of their income was from us
Do i need to do cfa to become a hedge fund or private equity portfolio manager if i already have bba and mba in finance from average university. Pls answer