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Jim Donovan discusses the excitement of working in corporate transactions as a lawyer or investment banker. He divides his talk into two parts: first, the appeal of working on transactions, and second, the essential skills for success in this field. Donovan highlights three main reasons why these deals are exciting. The first reason is their importance; professionals are often hired by CEOs to advise on crucial matters like going public, selling, or merging companies. He emphasizes that these transactions are typically the most significant issues CEOs face in their careers, marking their high stakes and relevance.