Is the market in New York and California better for some reason?

Transcript

Many students around me are trying to go into New York city and California, but I've seen a lot of firms (IP) hiring in Texas. Is the market in New York and California better for some reason? Yes, the market in New York and California is better. The thing about Texas is a lot of companies and people are moving there.

Because it's a low tax jurisdiction, there are no taxes there. And there's also a lot of companies that have moved, like Tesla recently moved to Austin. There's a lot of companies that had to move to Texas. There's a lot of hiring going on there. New York City is still very slow.

But there's a lot of people moving out of New York City and California. Because so many people are moving out of those markets, it's getting a little bit busier for people trying to get hired in those markets. That's why a lot of people are trying to go there.

I think New York City is an interesting market. It's a great market. It's typically been where people go and get the best training and work on the most sophisticated matters, and California also to a great extent, especially in the Bay area. But I think New York is typically considered the best market to get training.

Especially as a corporate attorney, it's always been the best market. If you want to be a corporate attorney, you get to go to New York or the Bay area. But New York has always had a reputation of bringing out the best and having the best corporate attorneys, and so forth. A lot of really good litigators there.

It's a great market. It's more competitive to get a job in New York and California. The qualifications in New York city are fire in terms of what law firms are demanding for the most part. They're certainly very demanding firms in California, but that's the reason that people have always been very interested in New York and California. In terms of the firms, there's always been a lot of very large firms in New York and California.