Private credit service partners represent borrowers and lenders in direct lending transactions outside traditional banking. This rapidly growing practice area offers strong compensation but demands deep technical skills and significant client development.
Fund finance offers strong lateral opportunities for associates with banking experience, featuring high demand, competitive compensation, and diverse exit paths. The practice combines subscription credit facilities, NAV lending, and hybrid capital structures in a growing market driven by private equity expansion.
Charlotte offers one of the strongest regional banking markets in the US, anchored by Bank of America and Wells Fargo headquarters. While salaries run 15-25% below major markets, the sophisticated deal flow and lower cost of living create compelling opportunities for banking attorneys.
Most lateral partners receive some form of income protection, though the structure varies significantly by firm size, market, and individual circumstances. Guaranteed draws are common but typically decrease over time as partners are expected to build their client base and contributions.