There’s something big happening in the world of life sciences and biotechnology.
No, it’s not the race for the vaccine (ok, actually yes, that is big)... but we’re talking about the surge of in-house legal hiring at life sciences and biotech startups.
From pharma to digital health platforms to health data, the biotech world has been flush with capital in 2020 as US listed biotech companies raised $9.4 billion in IPOs by August, which means that this year will dwarf the previous record year of 2018, when $6.5 billion was raised. With all of these IPOs and a healthy dose of SPACs too, the legal teams of these startups have needed to expand rapidly.
In the legal recruitment field, that’s meant a few things:
1) More than half of the new in-house jobs we’ve seen at Whistler Partners in the past month have been for life sciences or FDA attorneys.
2) These jobs are being filled fast. We’re talking about interviewing candidates hours after receiving resumes, filling the position within weeks, and having them start (virtually) by the end of the month. These employers are motivated.
3) There’s going to be a drain on some firms’ life sciences practices because there are a finite number of life sciences attorneys. Think about it – you can train any first year to do bankruptcy but a life sciences attorney needs some hard sciences background, if not a PhD. Accordingly, we’ve seen firms put out open ended requests to interview life sciences attorneys at all levels.
So if you are a life sciences attorney and going in-house does interest you, all we can say is have your resume ready. That once-in-a-lifetime opportunity will probably come out of this once-in-a-lifetime pandemic.
For more information about lateraling as a life sciences attorney right now, click here.
In-House Digital Media Counsel @ Media Startup
Disruptors for good
Head of Legal @ Woman-Led E-Commerce Startup
Known Name in E-Com
In-House Associate Counsel @ Security System Startup
Technology Meets Security
In-House Corporate Counsel @ Aerospace Data Startup
Sky's the Limit
Big Money Job at a Cutting Edge Biotech
Drugs are Fun!
Futures Trading Compliance @ Crypto Trading Platform
The Brand Name in Crypto
Switch to FinTech from Finance @ AmLaw 100 Law Firm
Associate General Counsel @ Fashion Holding Company
Fashion Meets Funding
Corporate M&A Counsel @ E-Commerce Unicorn
In-House Counsel @ Series C FinTech Company
Cutting-Edge Digital Trading
Switch from Finance to General Corporate @ Media & Entertainment Boutique
From Wall Street to Hollywood
Emerging Companies Capital Markets Associate @ Startups Focused Firm
Pivot to Cooler Clients
PE M&A Partner Day 1 @ Top Growth Equity Practice
Title & Platform - Walk in as Partner
Legal Counsel @ The Trevor Project (Nonprofit for LGBTQ Youth)
Make a Difference
EXCLUSIVE: Head of FinTech @ Financial Institution Client
The Pinnacle of FinTech
In-House Tech Transactions Attorney @ Venture Fund
VC with a Vision
Senior In-House Counsel @ Digital Health Leader
Not Your Grandma's Healthcare
In-House Commercial Transactions Attorney @ Digital Health Leader
Healthcare Meets Tech
In-House Life Science Corporate Counsel @ Pharmaceutical Company
Future of Pharma
Exclusive: ECVC Associate at Elite Firm's LA Office
Best Partner Opportunity in SoCal
In-House Corporate Counsel at Venture Fund
VC Meets FinTech
Startup & Media Associate @ Arts & Entertainment-Focused Boutique
Director of Business & Legal @ Media Streaming Company
Privacy Counsel @ International Gaming Company
The Next Big Thing in Gaming
IP & Tech Litigation opp at a Silicon Valley tech Firm
The Move Before You Go In House
Privacy Partner @ Bay Area AmLaw 50 Firm
Plug and Play
Biotech Late Stage/Cap Markets Partner
Use Your Expertise
Business & Legal Affairs @ AdTech Market Leader
In-House FinTech Bankruptcy Counsel
Can bankruptcy lawyers go in-house? YES!
Senior In-house Counsel @ Edgy FinTech Shop
The Right Bankruptcy & Reorganization Practice For You
Restructuring Your Own Career
New York or Los Angeles