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Taking Questions on V5 M&A

Ask away. Do mostly public M&A, did a whole bunch of ...
Dull stimulating area therapy
  02/06/16
i am thinking about lateraling from City X to City Y as a fi...
mildly autistic umber spot community account
  02/06/16
Bro what's your year level? A 3rd year will be expected to r...
Dull stimulating area therapy
  02/06/16
i am currently a fifth year but i would be willing to knock ...
mildly autistic umber spot community account
  02/06/16
Probably need to knock down 2-3 years to be fair.
Dull stimulating area therapy
  02/06/16
how can i bone up brother??
mildly autistic umber spot community account
  02/06/16
Client calls and asks you, "hey, what's up with this wh...
Dull stimulating area therapy
  02/06/16
I'd need to look at the governing docs, not too hard
mildly autistic umber spot community account
  02/07/16
Lol OK enjoy your malpractice claim.
Dull stimulating area therapy
  02/07/16
Wife/kids?
slate rambunctious base rigpig
  02/06/16
I have a good family life if that's what you're asking. G...
Dull stimulating area therapy
  02/06/16
I'll never understand how anyone can enjoy corporate law. I ...
Chrome Bbw
  02/06/16
bc it pays well? jfc you aspie.
mildly autistic umber spot community account
  02/06/16
Eh, only if you make partner or end up General Counsel somew...
Chrome Bbw
  02/06/16
yeah 250k is a shitsalary
mildly autistic umber spot community account
  02/06/16
In NYC/LA/SF, correct.
Chrome Bbw
  02/06/16
Naw, I actually enjoy my job, the flexibility an freedom I h...
Dull stimulating area therapy
  02/06/16
There's nothing "flexible" about being an M&A ...
Chrome Bbw
  02/06/16
BB and work from home and 2 juniors under you to do the grun...
Dull stimulating area therapy
  02/06/16
You have to look over their shoulders all day.
Chrome Bbw
  02/06/16
Not at a V5, the juniors are quite good. Sometimes they make...
Dull stimulating area therapy
  02/06/16
Describe your stint in London. Did you have to do any HY wor...
Insecure brindle address
  02/06/16
My favorite to work against is wherever my friends are on th...
Dull stimulating area therapy
  02/06/16
status of your soul brother?
mildly autistic umber spot community account
  02/06/16
Just from reading his responses ITT, it's clear that it is l...
motley forum
  02/06/16
Mostly gone, to be fair.
Dull stimulating area therapy
  02/06/16
what time ya get in, what time ya leave everyday? 8hrs a day...
adventurous chapel half-breed
  02/06/16
I usually get in between 930 and 10, sometimes earlier, some...
Dull stimulating area therapy
  02/06/16
Jesus Christ
vengeful nursing home toilet seat
  02/06/16
What? Checking your BB isn't hard at all, I check my persona...
Dull stimulating area therapy
  02/06/16
How do you deal with only 5 vacation days a year
hilarious vivacious kitchen regret
  02/06/16
That was when I was a junior. Keep in mind we had 4th of Jul...
Dull stimulating area therapy
  02/06/16
Do you regret not taking more? Seems unnecessary to gun that...
hilarious vivacious kitchen regret
  02/06/16
Not at all. My colleagues who took their vacations ended up ...
Dull stimulating area therapy
  02/06/16
Lol wtf
hilarious vivacious kitchen regret
  02/06/16
Yeah 10K here, 10K there. Bam you're spending 40-50K per yea...
Dull stimulating area therapy
  02/06/16
Just seems like a dumb reason to not take vacations
hilarious vivacious kitchen regret
  02/06/16
Ask yourself what is the point of a vacation? Sight-seeing? ...
Dull stimulating area therapy
  02/06/16
lol wagecuck
odious autistic round eye
  10/13/18
I
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/06/16
Are you kidding? That's only 225 hours per month. Many month...
Dull stimulating area therapy
  02/06/16
less than 1% of biglawyers have ever billed that much
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/06/16
Less than 1% of biglawyers have ever worked in a busy M&...
Dull stimulating area therapy
  02/07/16
I know certain groups were slammed during the weeks leading ...
Comical box office
  02/08/16
You sound like you were at Shearman or White and Case. My te...
Dull stimulating area therapy
  02/09/16
lol only 225 per month
mauve space masturbator
  02/06/16
thoughts on the different IBs that you work with?
Sick excitant laser beams
  02/06/16
I work with pretty much all of them at some point. The cultu...
Dull stimulating area therapy
  02/06/16
you said sometimes you wished you did that instead. BURNI...
Sick excitant laser beams
  02/06/16
More or less happy. Not a burning wish.
Dull stimulating area therapy
  02/06/16
Do you regret law school? What were your other options?
Cerebral meetinghouse jew
  02/06/16
Holy shit, just as I posted that a guy behind me at a restau...
Cerebral meetinghouse jew
  02/06/16
My other options: 1) Economics PhD at an Ivy 2) State De...
Dull stimulating area therapy
  02/06/16
Would you recommend law to a young bro? My resume is geared ...
Cerebral meetinghouse jew
  02/08/16
Law depending on where you end up can certainly be more inte...
Dull stimulating area therapy
  02/09/16
How aspie are the tax lawyers u work with
vengeful nursing home toilet seat
  02/06/16
It's true, all of it.
Dull stimulating area therapy
  02/06/16
Are they ur bitches in the same way ure a bitch for bankers
vengeful nursing home toilet seat
  02/06/16
Not at all. They operate independently from us in any event,...
Dull stimulating area therapy
  02/06/16
Tax lawyers are the only ones who actually add value in M&am...
pale wild bawdyhouse
  02/06/16
Lol you either sound like: 1) TTT law student 2) Working...
Dull stimulating area therapy
  02/06/16
the RIGOR of drafting (copy and pasting + conforming) a few ...
Azure sickened stead sound barrier
  02/06/16
Lol. During negotiations where both clients are present: ...
Dull stimulating area therapy
  02/07/16
Oh the rigor of arguing over the same break fees and rtfs th...
Azure sickened stead sound barrier
  02/07/16
If you did M&A at a V10 for years, surely you would know...
Dull stimulating area therapy
  02/07/16
jesus christ kill yourself.
Bateful bipolar trailer park elastic band
  02/07/16
Do you have an intelligent point to make or are you here for...
Dull stimulating area therapy
  02/07/16
mostly lulz. i'm sure you're a good dood, but your writing...
Bateful bipolar trailer park elastic band
  02/07/16
Cool. I am posting on my iphone while watching Game of Thron...
Dull stimulating area therapy
  02/07/16
because you remind me of my co-workers.
Bateful bipolar trailer park elastic band
  02/07/16
Well at least you know Im not flame.
Dull stimulating area therapy
  02/07/16
serious q, why do u think ur not making partner
Bateful bipolar trailer park elastic band
  02/07/16
1. There is a superstar bro 1 year above me with great clien...
Dull stimulating area therapy
  02/07/16
well, i guess you're not at skadden
Curious location friendly grandma
  02/07/16
You at Skadden? I know lotsa bros over there and go there qu...
Dull stimulating area therapy
  02/07/16
are the stories about the gym true?
Sick excitant laser beams
  02/08/16
Probably.
Dull stimulating area therapy
  02/08/16
ljl at you
Azure sickened stead sound barrier
  02/07/16
Let me guess you never made it that far in your V10 and did ...
Dull stimulating area therapy
  02/08/16
(guy not worried about or judging others penning lengthy scr...
Azure sickened stead sound barrier
  02/09/16
1. So you were at Weil or Shearman or Latham? Sucks to be yo...
Dull stimulating area therapy
  02/10/16
ljl
Azure sickened stead sound barrier
  02/10/16
Guess again.
pale wild bawdyhouse
  02/06/16
I respect my tax bros. But frankly, the tax lawyers at my fi...
Dull stimulating area therapy
  02/07/16
Nice flame bro
hilarious vivacious kitchen regret
  02/06/16
I don't need you, I got turbo tax.
Dull stimulating area therapy
  02/07/16
PDZorro is legit, fyi
Cowardly insane house
  02/07/16
Maybe he is, and I hear the tax argument all the time and se...
Dull stimulating area therapy
  02/07/16
Sounds like you're happily on track for partner, but what ar...
Magical awkward site
  02/06/16
Probably not going to make partner as a result of my grindin...
Dull stimulating area therapy
  02/06/16
Interesting. I thought 1) partner was basically open to ever...
Magical awkward site
  02/06/16
Lol what? Most people get pushed out long before they are up...
Dull stimulating area therapy
  02/06/16
Not a lawyer. Have a few bros at SC and CSM who led me to be...
Magical awkward site
  02/06/16
To be fair, most people do leave voluntarily at those places...
Dull stimulating area therapy
  02/06/16
Well good luck bro
Magical awkward site
  02/07/16
What were London and Hong Kong like
hilarious vivacious kitchen regret
  02/06/16
London - didn't like the social scene. Food was just basical...
Dull stimulating area therapy
  02/06/16
We're they more intense than NYC?
hilarious vivacious kitchen regret
  02/06/16
NYC was the most intense work-wise of any place I have worke...
Dull stimulating area therapy
  02/06/16
youre ahuge faggot
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/06/16
No, but thanks.
Dull stimulating area therapy
  02/07/16
sorry nyuug you aren't going to dig yourself out from that R...
appetizing garrison
  02/06/16
Right, because I'm NYUUG and I know about being an M&A l...
Dull stimulating area therapy
  02/06/16
Correct nyuug
appetizing garrison
  02/06/16
Ask me anything that only an M&A lawyer would know. ...
Dull stimulating area therapy
  02/06/16
trigger warning YOU FUCK
pearl ceo
  02/07/16
I imagined you screaming this in Christopher Walken's voice....
Dull stimulating area therapy
  02/07/16
I think I know you
rough-skinned native stain
  02/06/16
If you're an M&A masterman, thoughts on this Williams Ac...
claret preventive strike
  02/06/16
Your hypo is messed up and doens't make any sense. See your ...
Dull stimulating area therapy
  02/06/16
That hypo was part of a bigger hypo. I left out the beginnin...
claret preventive strike
  02/06/16
And you lost all credibility with me with your bad explanati...
Dull stimulating area therapy
  02/06/16
just answer the question, M&A masterman.
claret preventive strike
  02/06/16
Why the fuck would I want to give you free legal advice? I n...
Dull stimulating area therapy
  02/07/16
Brother, I don't have 21 fuckin Hedge Funds in my back pocke...
claret preventive strike
  02/07/16
Fine I will take anothet look later when my eyes are a bit f...
Dull stimulating area therapy
  02/07/16
OK here's your answer. First, the XB transaction is a com...
Dull stimulating area therapy
  02/07/16
6 am on a Sunday. You in HK?
Magical awkward site
  02/07/16
No. I have strange sleep habits.
Dull stimulating area therapy
  02/07/16
Ty. The question on the exam wasn't "do you have to com...
claret preventive strike
  02/07/16
The 21 bros are acquiring shares in XB which is private. No ...
Dull stimulating area therapy
  02/08/16
how do you do with white girls in NYC? if i'm not mistaken, ...
Boyish national
  02/06/16
Never tried never cared?
Dull stimulating area therapy
  02/06/16
did you really go to HYP ug?
Boyish national
  02/06/16
Yes I have visited all of Harvard, Yale and Princeton, while...
Dull stimulating area therapy
  02/06/16
Senior associates who enjoy their biglaw clients and colleag...
motley forum
  02/06/16
he really sounds like one of the worst people alive
aqua people who are hurt
  02/06/16
You are the master of hyperbole.
Dull stimulating area therapy
  02/06/16
He does admit above that his "model" gf left him. ...
pale wild bawdyhouse
  02/06/16
Except I was literally a "frat boy." And she left ...
Dull stimulating area therapy
  02/07/16
...
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/06/16
I don't understand the hate to be honest. Sure, a few collea...
Dull stimulating area therapy
  02/06/16
...
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/06/16
...
hilarious vivacious kitchen regret
  02/06/16
you seem like a good bro
Sick excitant laser beams
  02/06/16
I try to keep a positive outlook on life. A job is a job and...
Dull stimulating area therapy
  02/07/16
has it been worth it? the hours and stress. sincere question...
Cowardly insane house
  02/07/16
Yes. Many of my best friends are people that I have met whil...
Dull stimulating area therapy
  02/07/16
Take your own life
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/07/16
I only got another 40 or so years max, whats the rush?
Dull stimulating area therapy
  02/07/16
i take it you're not married, no serious girlfriend, and def...
Cowardly insane house
  02/07/16
Somewhat correct.
Dull stimulating area therapy
  02/07/16
lol
Bateful bipolar trailer park elastic band
  02/07/16
how much do you make whats your net worth. got "fuck...
dashing ultramarine corner internal respiration
  02/07/16
Its pretty public info how much someone my level makes at a ...
Dull stimulating area therapy
  02/07/16
What kind of eye bulging, teeth grinding, facial twitching, ...
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/07/16
I don't judge you for your career choices, why do you care h...
Dull stimulating area therapy
  02/07/16
How much did being a junior suck
Flirting place of business cruise ship
  02/07/16
At the time I was fresh out of law school, 24 years old, so ...
Dull stimulating area therapy
  02/07/16
How do you know if you suck or if its just normal
Flirting place of business cruise ship
  02/07/16
If you're constantly making the same mistakes. If you feel l...
Dull stimulating area therapy
  02/07/16
are we entering or already in a recession? hong kong is fag...
Cheese-eating flesh milk sandwich
  02/07/16
Neither. The last recession was caused by a ridiculous amoun...
Dull stimulating area therapy
  02/07/16
There's a ridiculous about of bad debt in EM
Cheese-eating flesh milk sandwich
  02/07/16
Is it 10x leveraged? Didn't think so. Bad debt these day...
Dull stimulating area therapy
  02/07/16
Lots of firms are highly leveraged. http://www.bloomberg....
Cheese-eating flesh milk sandwich
  02/07/16
Tens of billions here, compared to trillions that were impac...
Dull stimulating area therapy
  02/07/16
Do we know?
Aphrodisiac Principal's Office
  02/07/16
No more prop trading at BBs. Much more stringent risk manage...
Dull stimulating area therapy
  02/07/16
Rank the top 5 firms for mna
hilarious vivacious kitchen regret
  02/07/16
In alphabetical order: Cravath DPW Skadden Sullcrom S...
Dull stimulating area therapy
  02/07/16
DPW vs Skadden negotiating against each other. Who wins for ...
hilarious vivacious kitchen regret
  02/07/16
Whoever has the better client. If its an auction sale then s...
Dull stimulating area therapy
  02/07/16
Why skadden, faggot?
Chest-beating Floppy Step-uncle's House Antidepressant Drug
  02/07/16
Wider breadth of practice. IMO, DPW does more sophisticat...
Dull stimulating area therapy
  02/07/16
If you had to choose another corp practice group, what would...
vengeful nursing home toilet seat
  02/07/16
Something regulatory, maybe anti-trust/FCPA related. More ac...
Dull stimulating area therapy
  02/07/16
what's a BB M&A inhouse role?
Sick excitant laser beams
  02/08/16
BB are involved in M&A advisory services. Depending on t...
Dull stimulating area therapy
  02/08/16
so basically sitting in on meetings and afterwards translati...
Sick excitant laser beams
  02/08/16
What is up with this tendency to try to simplify complex rea...
Dull stimulating area therapy
  02/08/16
You sound asian
motley forum
  02/07/16
OK Professor Xavier.
Dull stimulating area therapy
  02/08/16
You have done good work ITT. I am now thankful I turned down...
spectacular senate gaping
  02/07/16
Its intense and not everyones cup of tea.
Dull stimulating area therapy
  02/08/16
What can I do to maximize my chances of PE exit ops? What cl...
cerise heady sweet tailpipe
  02/08/16
Nobody cares what classes you take in LS. You would want to ...
Dull stimulating area therapy
  02/08/16
lol how many lawyer bros do you know who end up as principal...
Sick excitant laser beams
  02/08/16
I know exactly 2 (and none at the top tier), and no, that's ...
Dull stimulating area therapy
  02/08/16
have you considerd going in house
hilarious vivacious kitchen regret
  02/08/16
Never corporate inhouse. I am always looking for a BB or PE ...
Dull stimulating area therapy
  02/09/16
Thanks brother! Really appreciate the advice
cerise heady sweet tailpipe
  02/09/16
Are you Asian?
Scarlet party of the first part university
  02/08/16
Lets keep the discussion somewhat relevant shall we?
Dull stimulating area therapy
  02/09/16
Lol of course you're Asian. You get tremendous satisfaction ...
Scarlet party of the first part university
  02/09/16
Lol at proles talking about social capital. Save your idioti...
Dull stimulating area therapy
  02/10/16
(Insecure Asian with a tiny penis)
Scarlet party of the first part university
  02/10/16
Oh hai Darnell.
Dull stimulating area therapy
  02/10/16
...
Scarlet party of the first part university
  02/28/16
Distinguish v5 from v10 m&a.
Effete domesticated scourge upon the earth
  02/08/16
V5 is highly elite. The rest of the V10 is more aimilar to t...
Dull stimulating area therapy
  02/09/16
Elite in terms of work product or prestige?
hilarious vivacious kitchen regret
  02/09/16
Both. The V30 were brutalized from 2008-2011. The V5 thr...
Dull stimulating area therapy
  02/10/16
lol
Ruby institution sneaky criminal
  08/26/17
if you were forced to go SOLO tomorrow, would you make it?
slate rambunctious base rigpig
  02/09/16
Yes. I wouldn't do something stupid like trying to solo ...
Dull stimulating area therapy
  02/09/16
Plenty of people spend the better part of a decade doing hig...
spectacular senate gaping
  02/10/16
I get your sarcasm and where you are coming from. Plenty of ...
Dull stimulating area therapy
  02/11/16
Didn't read rest of thread but this along jumped the shark. ...
Ocher trip stag film
  02/28/16
obvs you're american (maybe british) because of your impecca...
emerald exciting kitty
  02/11/16
does it ever get you down that most M&A deals don't crea...
Infuriating market roommate
  02/28/16
Did you hear that from your Investment Banking 101 professor...
Dull stimulating area therapy
  02/28/16
LOL!
Cerebral meetinghouse jew
  02/28/16
you really are a demented status obsessed little gook. almos...
Infuriating market roommate
  02/28/16
Your statement: "most M&A deals don't create value&...
Dull stimulating area therapy
  02/28/16
your response did not contradict my original statement, and ...
Infuriating market roommate
  02/28/16
Exactly how did Rockefeller fail to create value through M&a...
Dull stimulating area therapy
  02/28/16
brother, your first instinct when someone takes a contrary p...
Infuriating market roommate
  02/28/16
You clearly still don't understand. The creation of the ...
Dull stimulating area therapy
  02/28/16
so, little man, not only are you a V5 superstar frat boy, yo...
Infuriating market roommate
  02/28/16
1) I'm not the biggest guy around but lol at me being little...
Dull stimulating area therapy
  02/28/16
those are some great credentials you've got. is the relat...
Infuriating market roommate
  02/28/16
The REAL question which you should have asked is, "how ...
Dull stimulating area therapy
  02/28/16
pointing to rockefeller & carnegie is barking up the wro...
Infuriating market roommate
  03/04/16
why do you think you just pick up tomorrow as a commercial l...
High-end Snowy Hall
  02/28/16
I wouldn't be very good at it at first, but I have enough mo...
Dull stimulating area therapy
  02/28/16
What company would hire you to file a complaint/defend a bre...
High-end Snowy Hall
  02/28/16
The local autoparts supplier that has a LTC worth $200,000 a...
Dull stimulating area therapy
  02/28/16
You seem like a good dude. Overly aggressive and passionate ...
Smoky hell newt
  03/04/16
...
vengeful nursing home toilet seat
  08/26/17
BUMP. Where are you now?
razzle-dazzle pit
  04/05/18
...
Confused Razzmatazz Kitty Cat
  04/05/18
I remember OP being a huge cunt in some thread
topaz patrolman
  04/05/18
he kind of seems like a cunt in this one tbh
razzle-dazzle pit
  04/05/18
OP is 'hypmaster' who famously claimed to go party in Seoul ...
Bat Shit Crazy Wagecucks
  04/05/18
lol
Fragrant lay
  04/05/18
i dont get it is this real or some redpill comics joke/refer...
Irradiated grizzly rehab
  04/05/18
nah man this actually happened. everyone thought hypmaster w...
Bat Shit Crazy Wagecucks
  04/05/18
lmao bizarre
dun voyeur
  04/05/18
what happened to him professionally I'm fascinated
razzle-dazzle pit
  04/05/18
He’s really a piece of shit. Loled at the fact that he was t...
stirring set
  04/05/18
...
Fragrant lay
  04/05/18
hey faggot, i made more money than you last year smoking pot...
Diverse sanctuary
  04/05/18
How’s your crypto holding out?
Dull stimulating area therapy
  09/11/18
...
Bat Shit Crazy Wagecucks
  09/11/18
Since this was bumped and people asked, thought I’d give you...
Dull stimulating area therapy
  09/11/18
curious to hear backup plans (unless it's lateral to v50 and...
Talented gas station boltzmann
  09/19/18
What a tremendous waste of a life. This was depressing to re...
concupiscible learning disabled national security agency
  10/13/18
Let us know when you get made OF COUNSEL. How's the wife?
Marvelous pisswyrm
  10/13/18
...
mentally impaired obsidian theater blood rage
  09/19/18
what do you think about startup/VC corporate law as a practi...
flatulent glittery heaven shitlib
  09/19/18
This was interesting why all the hate
judgmental school cafeteria
  10/13/18
Op is an insufferable fag
stirring set
  10/13/18
Yea but tbf this is typically the word view/attitude you nee...
copper deep weed whacker lodge
  10/13/18
True but the hate is fully warranted
stirring set
  10/13/18
He takes his job way too seriously which suggests a flawed p...
judgmental school cafeteria
  10/13/18
No, he’s a dick to other posters here. Fuck him.
stirring set
  10/13/18
...
vengeful nursing home toilet seat
  11/20/18
Compare/contrast to V7 and V10 M&A
Effete domesticated scourge upon the earth
  11/20/18
Outside of WLRK/S&C I see no discernible difference betw...
Dull stimulating area therapy
  11/20/18
sup NYUUG.
Bright indian lodge hominid
  11/20/18


Poast new message in this thread



Reply Favorite

Date: February 6th, 2016 12:16 PM
Author: Dull stimulating area therapy

Ask away.

Do mostly public M&A, did a whole bunch of private deals when I was junior/mid-level. 8th year. This is my 2nd firm. My first was also a V5. Did a stint in London and Hong Kong when I was more junior as well.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764605)



Reply Favorite

Date: February 6th, 2016 12:18 PM
Author: mildly autistic umber spot community account

i am thinking about lateraling from City X to City Y as a fifth year. i have been doing shitcapitalmarkets in a city X v10 (w/ about 15% of my work being m&a type work) and if i went to City Y i would do so by seeking to do exclusively M&A work (which the firms i am interviewing in City Y have told me is doable and that they would be willing to accomodate that switch).

recipe for disaster? how can i make sure to bone up on M&A work?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764618)



Reply Favorite

Date: February 6th, 2016 12:21 PM
Author: Dull stimulating area therapy

Bro what's your year level? A 3rd year will be expected to run a private deal on their own at a V10. 5th year bigger deals.

Standards are lower in the V30+ range, but if you don't know your ish you will be found out quick and spat out in 1 year guaranteed.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764638)



Reply Favorite

Date: February 6th, 2016 12:24 PM
Author: mildly autistic umber spot community account

i am currently a fifth year but i would be willing to knock myself down 1 year bc of lack of experience.

so bad idea? :\ i have downloaded a few client alert primers to try to bone up but dont know if im doing it right

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764653)



Reply Favorite

Date: February 6th, 2016 12:49 PM
Author: Dull stimulating area therapy

Probably need to knock down 2-3 years to be fair.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764751)



Reply Favorite

Date: February 6th, 2016 2:30 PM
Author: mildly autistic umber spot community account

how can i bone up brother??

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765351)



Reply Favorite

Date: February 6th, 2016 3:29 PM
Author: Dull stimulating area therapy

Client calls and asks you, "hey, what's up with this whole reps and warranties insurance?"

You: oh, let me ask my partner and get back to you

Client calls and asks you, "hey, my private company is incorporated in Kansas and want to sell to X, can I just get my board to sign off on it and we're good?"

You: oh, let me ask my partner and get back to you

You can only do that so many times in a single day before people start realizing you are worthless.

I've worked on well over a hundred deals, and I get asked new questions all the time.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765676)



Reply Favorite

Date: February 7th, 2016 12:38 AM
Author: mildly autistic umber spot community account

I'd need to look at the governing docs, not too hard

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770576)



Reply Favorite

Date: February 7th, 2016 2:10 AM
Author: Dull stimulating area therapy

Lol OK enjoy your malpractice claim.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770994)



Reply Favorite

Date: February 6th, 2016 12:18 PM
Author: slate rambunctious base rigpig

Wife/kids?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764614)



Reply Favorite

Date: February 6th, 2016 12:19 PM
Author: Dull stimulating area therapy

I have a good family life if that's what you're asking.

Granted I rarely drink, even though I do go out from time to time. Do a ton of cardio as well.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764623)



Reply Favorite

Date: February 6th, 2016 12:19 PM
Author: Chrome Bbw

I'll never understand how anyone can enjoy corporate law. I assume people only sign up for such a career just so they can sound prestigious at the bar or whatever.

"I'm a mergers & acquisitions lawyer for the World's largest corporations, how about you?"

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764621)



Reply Favorite

Date: February 6th, 2016 12:19 PM
Author: mildly autistic umber spot community account

bc it pays well? jfc you aspie.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764625)



Reply Favorite

Date: February 6th, 2016 12:19 PM
Author: Chrome Bbw

Eh, only if you make partner or end up General Counsel somewhere.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764628)



Reply Favorite

Date: February 6th, 2016 12:24 PM
Author: mildly autistic umber spot community account

yeah 250k is a shitsalary

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764654)



Reply Favorite

Date: February 6th, 2016 12:25 PM
Author: Chrome Bbw

In NYC/LA/SF, correct.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764657)



Reply Favorite

Date: February 6th, 2016 12:20 PM
Author: Dull stimulating area therapy

Naw, I actually enjoy my job, the flexibility an freedom I have now that I'm more senior.

I actually look forward to going to work every morning. I enjoy the work and the people I work with (firm, clients, opposing counsel).

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764629)



Reply Favorite

Date: February 6th, 2016 12:20 PM
Author: Chrome Bbw

There's nothing "flexible" about being an M&A lawyer.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764634)



Reply Favorite

Date: February 6th, 2016 12:21 PM
Author: Dull stimulating area therapy

BB and work from home and 2 juniors under you to do the grunt work? Plus a rainmaking partner who doesnt face time.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764641)



Reply Favorite

Date: February 6th, 2016 12:22 PM
Author: Chrome Bbw

You have to look over their shoulders all day.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764648)



Reply Favorite

Date: February 6th, 2016 1:01 PM
Author: Dull stimulating area therapy

Not at a V5, the juniors are quite good. Sometimes they make me feel I'm not quite as necessary as I think I am. But I still train them even though I know they are my future replacement.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764834)



Reply Favorite

Date: February 6th, 2016 12:23 PM
Author: Insecure brindle address

Describe your stint in London. Did you have to do any HY work? What was your favourite firm to work against? Did you destroy the Friday cake trolley?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764650)



Reply Favorite

Date: February 6th, 2016 1:02 PM
Author: Dull stimulating area therapy

My favorite to work against is wherever my friends are on the other side. Makes things much easier and they know better than to try to BS me with some idiotic argument or position because I've worked against them so often I know what positions they have argued or taken before. Usually anything idiotic is resolved with a phone call requesting them to better advise or otherwise educate their client.

London I just followed one of my partners there for a year when we were working on a couple of major M&A projects out of London. Same work, different location.

Never did HY, if you are talking about capital markets.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764843)



Reply Favorite

Date: February 6th, 2016 12:25 PM
Author: mildly autistic umber spot community account

status of your soul brother?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764659)



Reply Favorite

Date: February 6th, 2016 1:27 PM
Author: motley forum

Just from reading his responses ITT, it's clear that it is long gone, if it ever existed at all

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765001)



Reply Favorite

Date: February 6th, 2016 3:32 PM
Author: Dull stimulating area therapy

Mostly gone, to be fair.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765695)



Reply Favorite

Date: February 6th, 2016 12:27 PM
Author: adventurous chapel half-breed

what time ya get in, what time ya leave everyday? 8hrs a day sat and 4 on Sunday ? Do you take vacation days?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764662)



Reply Favorite

Date: February 6th, 2016 1:05 PM
Author: Dull stimulating area therapy

I usually get in between 930 and 10, sometimes earlier, sometimes later.

If I'm slow I'm leaving around 6:30 and monitoring my BB maybe every 30 minutes. Sometimes I will have to work at home after I've left. If I'm busy obviously I'm working real late. Probably 3 hours each on Sat and Sun on average.

I take about 15 vacation days a year these days. When I was a junior maybe I took 5 each year.

I billed 2700 or so hours my first few years. I'm down to a reasonable 2200 or so.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764868)



Reply Favorite

Date: February 6th, 2016 1:07 PM
Author: vengeful nursing home toilet seat

Jesus Christ

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764880)



Reply Favorite

Date: February 6th, 2016 1:07 PM
Author: Dull stimulating area therapy

What? Checking your BB isn't hard at all, I check my personal phone probably every 5-10 minutes.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764891)



Reply Favorite

Date: February 6th, 2016 1:23 PM
Author: hilarious vivacious kitchen regret

How do you deal with only 5 vacation days a year

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764981)



Reply Favorite

Date: February 6th, 2016 1:29 PM
Author: Dull stimulating area therapy

That was when I was a junior. Keep in mind we had 4th of July, Thanksgiving, Christmas, New Years holidays. And slow periods where you do nothing.

But yeah, 5 sucks. Now I take about 15 each year.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765016)



Reply Favorite

Date: February 6th, 2016 3:07 PM
Author: hilarious vivacious kitchen regret

Do you regret not taking more? Seems unnecessary to gun that hard

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765561)



Reply Favorite

Date: February 6th, 2016 3:13 PM
Author: Dull stimulating area therapy

Not at all. My colleagues who took their vacations ended up spending $$$$ each time.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765589)



Reply Favorite

Date: February 6th, 2016 3:16 PM
Author: hilarious vivacious kitchen regret

Lol wtf

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765607)



Reply Favorite

Date: February 6th, 2016 3:19 PM
Author: Dull stimulating area therapy

Yeah 10K here, 10K there. Bam you're spending 40-50K per year after tax on vacations.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765623)



Reply Favorite

Date: February 6th, 2016 3:36 PM
Author: hilarious vivacious kitchen regret

Just seems like a dumb reason to not take vacations

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765724)



Reply Favorite

Date: February 6th, 2016 3:46 PM
Author: Dull stimulating area therapy

Ask yourself what is the point of a vacation? Sight-seeing? Relaxation? Sex? Sleep?

1) I did plenty of travelling before I became a lawyer, don't really feel like going to the beach for the 10000th time in my life or Vegas or Paris again.

2) I could get sex and sleep all done at no additional cost in my very nice comfortable home with my awesome model girlfriend (we're no longer together, but yeah) every weekend and every night if I wanted.

3) Relaxation yeah that sucked a bit, but if you make it as long as I have you learn to find bits and pieces of relaxation and peace of mind everyday. A simple 5 minute walk outside listening to music with your morning coffee for instance. Adapt and survive.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765776)



Reply Favorite

Date: October 13th, 2018 9:07 PM
Author: odious autistic round eye

lol wagecuck

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016711)



Reply Favorite

Date: February 6th, 2016 1:45 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug
Subject: I

You didn't bill 2700. That's a lie and you're a faggot.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765116)



Reply Favorite

Date: February 6th, 2016 3:40 PM
Author: Dull stimulating area therapy

Are you kidding? That's only 225 hours per month. Many months I was over 300 hours, particularly after Lehman's pieces were being sold off and you were doing a butt-load of due diligence.

225 isn't bad at all. That's 56 hours per week, which means you're basically working 12 hours a day on the weekday and a couple of hours on the weekends. Easily doable if you only take 5 vacay days like I did.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765739)



Reply Favorite

Date: February 6th, 2016 4:48 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug

less than 1% of biglawyers have ever billed that much

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766192)



Reply Favorite

Date: February 7th, 2016 2:11 AM
Author: Dull stimulating area therapy

Less than 1% of biglawyers have ever worked in a busy M&A group during the financial crisis.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770998)



Reply Favorite

Date: February 8th, 2016 5:19 PM
Author: Comical box office

I know certain groups were slammed during the weeks leading up to and following lehman's collapse but otherwise M&A was f'ing dead back then. In early '08 the credit crunch was in full swing and after Lehman nobody was doing shit anywhere.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29782348)



Reply Favorite

Date: February 9th, 2016 7:38 AM
Author: Dull stimulating area therapy

You sound like you were at Shearman or White and Case. My team was incredibly busy from 2008 through 2011. I worked on something like 30 deals my first year over half of which closed.

It is a bit shocking getting lateral apps with deal lists where they literally list like ONE deal from 2009-2010.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786321)



Reply Favorite

Date: February 6th, 2016 8:38 PM
Author: mauve space masturbator

lol only 225 per month

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767835)



Reply Favorite

Date: February 6th, 2016 12:43 PM
Author: Sick excitant laser beams

thoughts on the different IBs that you work with?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764712)



Reply Favorite

Date: February 6th, 2016 1:07 PM
Author: Dull stimulating area therapy

I work with pretty much all of them at some point. The cultures vary slightly, but the biggest difference I've noticed tends to be on their heritage. The Euro banks are different (and the deals they bring with them are different) than the traditional US banks. Not sure there is a tangible quality difference as the FAs are always pretty on top of things.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764882)



Reply Favorite

Date: February 6th, 2016 2:05 PM
Author: Sick excitant laser beams

you said sometimes you wished you did that instead.

BURNING wish? or more or less happy at where you at?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765234)



Reply Favorite

Date: February 6th, 2016 2:27 PM
Author: Dull stimulating area therapy

More or less happy. Not a burning wish.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765334)



Reply Favorite

Date: February 6th, 2016 12:43 PM
Author: Cerebral meetinghouse jew

Do you regret law school? What were your other options?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764718)



Reply Favorite

Date: February 6th, 2016 12:45 PM
Author: Cerebral meetinghouse jew

Holy shit, just as I posted that a guy behind me at a restaurant shouted "no I don't want to go to law school!" I slowly turned my head. Perhaps in that moment two poasters crossed eyes

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764728)



Reply Favorite

Date: February 6th, 2016 1:09 PM
Author: Dull stimulating area therapy

My other options:

1) Economics PhD at an Ivy

2) State Department

3) IBD

Sometimes I wish I had gone with #3.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764901)



Reply Favorite

Date: February 8th, 2016 7:08 PM
Author: Cerebral meetinghouse jew

Would you recommend law to a young bro? My resume is geared toward law, but poasters have made me weary.I also do compliance type work at bigfed now and its fucking miserable. Is what you do more interesting?

I think I'd do an mba otherwise. Have any experience with business side or MBA grads in general?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29782997)



Reply Favorite

Date: February 9th, 2016 1:55 PM
Author: Dull stimulating area therapy

Law depending on where you end up can certainly be more interesting than compliance work at bigfed. There is no such thing as "resume geared towards law." We had former Olympians, veterans, investment bankers, consultants, accountants, artists, actors, etc., in my law school class.

I did a joint JD/MBA. I also have a ton of friends who went to Stanford, Booth, Kellogg, Ross, HBS, Wharton, etc. I was the only JD/MBA kid in my class who actually ended up in a law firm. Everyone else either ran off to Silicon Valley or are working in investment banking/PE.

MBA was a joke compared to law school. A literal joke. Some classes are somewhat tough and you have to show up regularly and pay attention, but in many courses you can skip all your classes and show up to the final on the last day having studied maybe 10 hours total and still get an A.

MBA is more fun, lots of drinking, generally a cooler (but douchier) crowd than law school. A lot of guys take themselves too seriously, most kids want to go into finance but only something like 2% of each class actually comes from a legit IB background, so it's a bit toolish in the sense that you have all these finance wannabes who did something like accountant all trying to emulate and act like what they imagine investment bankers are like, when in reality all they did was read Barbarians at the Gate and maybe watched Wall Street.

My MBA class was a disaster in terms of finance placement, given that few got offers to begin with, and the ones that did, many either had offers revoked or found themselves out of a job within a year. That's not including the kids who accepted an offer at Bear or Lehman. The banks realized that having 2nd year associates from MBA who had zero practical knowledge outside of a prior career as a grocery chain management job adds very little value. That's why a lot of the more senior guys at IBs now never got their MBA as they went straight through analyst-associate-VP.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788244)



Reply Favorite

Date: February 6th, 2016 12:44 PM
Author: vengeful nursing home toilet seat

How aspie are the tax lawyers u work with

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764721)



Reply Favorite

Date: February 6th, 2016 1:09 PM
Author: Dull stimulating area therapy

It's true, all of it.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764907)



Reply Favorite

Date: February 6th, 2016 1:11 PM
Author: vengeful nursing home toilet seat

Are they ur bitches in the same way ure a bitch for bankers

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764919)



Reply Favorite

Date: February 6th, 2016 1:13 PM
Author: Dull stimulating area therapy

Not at all. They operate independently from us in any event, and sometimes it's frustrating when they're unable to meet your timeline or don't give you the advice you need, but you need to respect that they are a different team than you.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764927)



Reply Favorite

Date: February 6th, 2016 2:40 PM
Author: pale wild bawdyhouse

Tax lawyers are the only ones who actually add value in M&A.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765425)



Reply Favorite

Date: February 6th, 2016 3:18 PM
Author: Dull stimulating area therapy

Lol you either sound like:

1) TTT law student

2) Working at some crap firm who doesn't touch M&A

3) Working at some crap firm who only does crap M&A

Client asks you how to structure 60% investment in a US publicly listed pharma company with 40 overseas subsidiaries. Oh guess what. All that stock vs. cash / should I set up a MF BFI discussion just went out the window and your tax guy doesn't know a thing about tender offers or proxy solicitations. What's a dual-track acquisition structure? 60% interest wut?

But but but my tax guy helped my neighbor save $4,200 on his tax refund!!



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765613)



Reply Favorite

Date: February 6th, 2016 4:04 PM
Author: Azure sickened stead sound barrier

the RIGOR of drafting (copy and pasting + conforming) a few extra pages worth of closing condition mechanics and an off-the-shelf solicitation doc

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765891)



Reply Favorite

Date: February 7th, 2016 2:14 AM
Author: Dull stimulating area therapy

Lol.

During negotiations where both clients are present:

Opposing counsel: We insist on inclusion of a MAC Out CP which is quite market standard in this industry. We also insist on commercially reasonable efforts to get governmental approval by both parties. If you (the buyer) fails to get such approval we want a 9% break fee. We think your client is being unreasonable on fighting us on this. We want to make a deal and we like you guys and we think you are just perhaps being too lawyerly. So let's stop arguing over details and lets get this deal done.

You (as your clients stare at you with piercing eyes): Uh, let me copy and paste and conform.



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771007)



Reply Favorite

Date: February 7th, 2016 8:47 AM
Author: Azure sickened stead sound barrier

Oh the rigor of arguing over the same break fees and rtfs that market has fixed in ranges for decades

I did M&A for years at a v10 but have no illusions about the sophistication or importance of the work as you seem to have

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771362)



Reply Favorite

Date: February 7th, 2016 11:04 AM
Author: Dull stimulating area therapy

If you did M&A at a V10 for years, surely you would know that "well there were 20 deals in [x] industry in 2015 that had 4% reverse break fee" doesn't really work so well. Then it just becomes a pissing match between who has the most number of precedents or which deals are most relevant as a comparison.

Yeah, in a big public deal the terms are generally very similar, but there are many many nuanced differences (run a blackline against two different MAs provided by the same firm in 2015 to see what I mean). It's the ability to argue about nuances that separate us from any random lawyer who can say "but 3% break fee is the norm

You may think these provisions are not important, or subtle changes are meaningless, but I have seen many instances where these seemingly minor points (such as a 1% difference in a break fee) or change in number of business days for indemnity claims result in millions of dollars of losses/gains for clients.

You seem to have forgotten the multiple day all-night negotiation sessions where you haggle over these points. If you honestly think anyone can do this, and have answers to a myriad of questions on the fly, and have an encyclopedic knowledge of not only the relevant laws but also on market convention, then you are delusional.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771773)



Reply Favorite

Date: February 7th, 2016 11:18 AM
Author: Bateful bipolar trailer park elastic band

jesus christ kill yourself.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771838)



Reply Favorite

Date: February 7th, 2016 11:44 AM
Author: Dull stimulating area therapy

Do you have an intelligent point to make or are you here for the lulz?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771943)



Reply Favorite

Date: February 7th, 2016 11:52 AM
Author: Bateful bipolar trailer park elastic band

mostly lulz. i'm sure you're a good dood, but your writing style (bloviation w/ obvious grammatical errors) has a self-important tone that is distinctly asian.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771982)



Reply Favorite

Date: February 7th, 2016 11:55 AM
Author: Dull stimulating area therapy

Cool. I am posting on my iphone while watching Game of Thrones reruns. I will look you up next time I am in grammar school.

And why does it bother you that I seem self important?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771994)



Reply Favorite

Date: February 7th, 2016 12:12 PM
Author: Bateful bipolar trailer park elastic band

because you remind me of my co-workers.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772109)



Reply Favorite

Date: February 7th, 2016 12:38 PM
Author: Dull stimulating area therapy

Well at least you know Im not flame.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772276)



Reply Favorite

Date: February 7th, 2016 12:39 PM
Author: Bateful bipolar trailer park elastic band

serious q, why do u think ur not making partner

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772283)



Reply Favorite

Date: February 7th, 2016 1:06 PM
Author: Dull stimulating area therapy

1. There is a superstar bro 1 year above me with great client relationships. Thats one slot gone.

2. Im not first choice at my year level for the juiciest deals.

3. Im not billing 2500 hours anymore.

4. I have good relationships with clients but others in my class have better

Subtle things really but I see thenwriting on the wall. My only hope is that one of my client friends becomes a CEO or MD and pushes for me but given my relatively young age thats another 3 or so years and I dont know I have that long tbf.

Funny thing is that I am the most social and outgoing guy my level in my group and can schmooze better than most but at my firm technical ability is valued above all else.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772417)



Reply Favorite

Date: February 7th, 2016 1:29 PM
Author: Curious location friendly grandma

well, i guess you're not at skadden

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772528)



Reply Favorite

Date: February 7th, 2016 1:35 PM
Author: Dull stimulating area therapy

You at Skadden? I know lotsa bros over there and go there quite often to eat lunch.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772557)



Reply Favorite

Date: February 8th, 2016 2:27 AM
Author: Sick excitant laser beams

are the stories about the gym true?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778707)



Reply Favorite

Date: February 8th, 2016 3:16 AM
Author: Dull stimulating area therapy

Probably.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778774)



Reply Favorite

Date: February 7th, 2016 3:53 PM
Author: Azure sickened stead sound barrier

ljl at you

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29773601)



Reply Favorite

Date: February 8th, 2016 2:03 AM
Author: Dull stimulating area therapy

Let me guess you never made it that far in your V10 and did mostly asset deals? Im guessing Weil. Always the 2nd tier losers who try to act like they know it all and try to oversimplify crap they simply never understood or were any good at.

If you're going to do a job, put your best into it and try to be positive. You seem so caught up in how others do their jobs or how we feel about what we do. Word of advice - stop worrying about others and just do whatever makes you happy.

What difference does it make to you that I enjoy my job and think it requires skill and intelligence? I probably went to better schools than you starting in HS and obviously my life experience is different than yours so stop being an idiot and trying to judge something you clearly don't understand.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778630)



Reply Favorite

Date: February 9th, 2016 4:56 PM
Author: Azure sickened stead sound barrier

(guy not worried about or judging others penning lengthy screed at 2 am in response to an anonymous 3-word poast)

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29789512)



Reply Favorite

Date: February 10th, 2016 4:36 AM
Author: Dull stimulating area therapy

1. So you were at Weil or Shearman or Latham? Sucks to be you.

2. This is my thread, which is about V5 and the people who work in V5.

3. I'm penning my lengthy screeds because of 2.

Thanks.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795393)



Reply Favorite

Date: February 10th, 2016 8:25 PM
Author: Azure sickened stead sound barrier

ljl

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29799868)



Reply Favorite

Date: February 6th, 2016 4:15 PM
Author: pale wild bawdyhouse

Guess again.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765954)



Reply Favorite

Date: February 7th, 2016 2:22 AM
Author: Dull stimulating area therapy

I respect my tax bros. But frankly, the tax lawyers at my firm are actually BETTER at fund formation work than M&A. On M&A deals they may help out on tax diligence to an extent, but most of the high level tax issues are dealt with by the accounting firm.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771033)



Reply Favorite

Date: February 6th, 2016 4:31 PM
Author: hilarious vivacious kitchen regret

Nice flame bro

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766071)



Reply Favorite

Date: February 7th, 2016 2:21 AM
Author: Dull stimulating area therapy

I don't need you, I got turbo tax.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771030)



Reply Favorite

Date: February 7th, 2016 2:36 AM
Author: Cowardly insane house

PDZorro is legit, fyi

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771069)



Reply Favorite

Date: February 7th, 2016 3:02 AM
Author: Dull stimulating area therapy

Maybe he is, and I hear the tax argument all the time and see where they are coming from. But if you think there is no value offered by a top tier M&A lawyer you are out of your mind.

Rodgen Cohen doesnt add any value lol. Thats why the POTUS and Paulson/Bernankr were calling him on his mobile directly rather than some tax guy in 2008.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771095)



Reply Favorite

Date: February 6th, 2016 1:39 PM
Author: Magical awkward site

Sounds like you're happily on track for partner, but what are your exit ops? Do you think you could cop PE/VC if you wanted?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765082)



Reply Favorite

Date: February 6th, 2016 1:56 PM
Author: Dull stimulating area therapy

Probably not going to make partner as a result of my grinding to be honest. There are guys who are smarter, harder working and better credentialed than I am in my team. I'm sort of the "frat boy" of the team and frequently socialize with clients so that's my only "in."

My exit options? My goal is to move to a mid-law firm in an off-market area as partner and take it easy.

I have a bunch of friends in PE and I always ask them to keep an eye out for me for any openings. This has been 4 years running...nada.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765179)



Reply Favorite

Date: February 6th, 2016 2:32 PM
Author: Magical awkward site

Interesting. I thought 1) partner was basically open to everyone who wanted it at V5 firms because it's so hard to get in and stick around and 2) PE/VC was a rare but doable exit opp for m&a bros at v5s.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765366)



Reply Favorite

Date: February 6th, 2016 3:21 PM
Author: Dull stimulating area therapy

Lol what? Most people get pushed out long before they are up for consideration for partner. You can tell who is being groomed at this stage, and who is being kept around because they do decent work and some clients like them.

PE/VC is rare and doable, but like I said I've been waiting and nothing.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765639)



Reply Favorite

Date: February 6th, 2016 3:26 PM
Author: Magical awkward site

Not a lawyer. Have a few bros at SC and CSM who led me to believe that but they're 1st-3rd years so prob don't know any better.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765657)



Reply Favorite

Date: February 6th, 2016 3:31 PM
Author: Dull stimulating area therapy

To be fair, most people do leave voluntarily at those places. Quite a few slog it out, and we do have a fair number of laterals, so it's definitely not a guarantee.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765687)



Reply Favorite

Date: February 7th, 2016 1:11 PM
Author: Magical awkward site

Well good luck bro

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772439)



Reply Favorite

Date: February 6th, 2016 2:04 PM
Author: hilarious vivacious kitchen regret

What were London and Hong Kong like

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765224)



Reply Favorite

Date: February 6th, 2016 2:28 PM
Author: Dull stimulating area therapy

London - didn't like the social scene. Food was just basically sandwiches or Indian food which got old. Place was a bit dry for me.

Hong Kong was awesome. Drank every night, even nights where I got off at 1am.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765342)



Reply Favorite

Date: February 6th, 2016 2:43 PM
Author: hilarious vivacious kitchen regret

We're they more intense than NYC?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765452)



Reply Favorite

Date: February 6th, 2016 3:19 PM
Author: Dull stimulating area therapy

NYC was the most intense work-wise of any place I have worked. Clients are sophisticated and demanding. London is more of the same.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765616)



Reply Favorite

Date: February 6th, 2016 4:49 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug

youre ahuge faggot

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766203)



Reply Favorite

Date: February 7th, 2016 2:50 AM
Author: Dull stimulating area therapy

No, but thanks.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771074)



Reply Favorite

Date: February 6th, 2016 2:07 PM
Author: appetizing garrison

sorry nyuug you aren't going to dig yourself out from that Russian pwning you gook.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765246)



Reply Favorite

Date: February 6th, 2016 2:28 PM
Author: Dull stimulating area therapy

Right, because I'm NYUUG and I know about being an M&A lawyer, thanks.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765337)



Reply Favorite

Date: February 6th, 2016 3:51 PM
Author: appetizing garrison

Correct nyuug

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765805)



Reply Favorite

Date: February 6th, 2016 3:56 PM
Author: Dull stimulating area therapy

Ask me anything that only an M&A lawyer would know.

Citrix requires 3 pieces of login information. We all get a crappy private bank checking account. It's either CIGNA or AETNA. Sandwiches and diet coke. 1 CLE credit per month. Massive amounts of spam emails from PLI, e-discovery and translation service providers. Firm-wide memos about taco day at your firm restaurant/cafe/canteen what have you. Firmwide emails asking you for precedents. Firmwide emails about compliance policies. Firmwide insider emails. Groupwide emails asking about legal issues.

Any of this hitting home?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765843)



Reply Favorite

Date: February 7th, 2016 1:31 PM
Author: pearl ceo

trigger warning YOU FUCK

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772537)



Reply Favorite

Date: February 7th, 2016 1:36 PM
Author: Dull stimulating area therapy

I imagined you screaming this in Christopher Walken's voice.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772565)



Reply Favorite

Date: February 6th, 2016 2:15 PM
Author: rough-skinned native stain

I think I know you

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765282)



Reply Favorite

Date: February 6th, 2016 2:19 PM
Author: claret preventive strike

If you're an M&A masterman, thoughts on this Williams Act hypo?

www.xoxohth.com/thread.php?thread_id=3119056&mc=13&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765300)



Reply Favorite

Date: February 6th, 2016 2:31 PM
Author: Dull stimulating area therapy

Your hypo is messed up and doens't make any sense. See your first two paragraphs quoted below. You say XB is wholly owned by XA. Then you go on to say 21 of XB shareholders? WTF? Wholly owned = 1 shareholder dummy. Are you a law student or something? Or a terribly lost junior at some crap firm?

"CorpX, a public DE corp, has 2 divisions, XA (since the beginning) & XB, a wholly owned subsidiary acquired 3yrs ago.

During prelim negotiations w/ CorpY (public DE corp) & CorpZ (privately held NV corp, all voting stock owned by founder Zman), they come up with this 2part plan:

1. 21 of XB shareholders, including several CorpX officers & hedge funds, will vote to approve XB (spun off)merging into a newly formed acquisition subsidiary of CorpZ. The 21 XB shareholders will get newly issued *nonvoting* CorpZ stock. This nonvoting stock would not be SECregistered, b/c of the small # of shareholders."

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765357)



Reply Favorite

Date: February 6th, 2016 2:38 PM
Author: claret preventive strike

That hypo was part of a bigger hypo. I left out the beginning because it was not relevant to the Williams Act.

The first step is that XB is spun off via 355 from CorpX. So now the 21 bros have XB stock.

Besides, 1. is probably less relevant to the Williams Act because "This nonvoting stock would not be SECregistered, b/c of the small # of shareholders."

Basically, does the reverse triangular merger between CorpX (XB having been spun off, now only consisting of XA but still exists legally as CorpX) and CorpY (which issues convertible preferred stock) trigger 13D or any other Williams Act shit?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765407)



Reply Favorite

Date: February 6th, 2016 3:05 PM
Author: Dull stimulating area therapy

And you lost all credibility with me with your bad explanation and sloppy writing. That is something a partner would have called you out for as well.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765553)



Reply Favorite

Date: February 6th, 2016 4:10 PM
Author: claret preventive strike

just answer the question, M&A masterman.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765927)



Reply Favorite

Date: February 7th, 2016 2:15 AM
Author: Dull stimulating area therapy

Why the fuck would I want to give you free legal advice? I need to know where the question is coming from.

Are you a law student trying to answer a question?

Are you a lawyer who is trying to advise his client, doesn't know the answer, so is asking this bort?

If the latter, obviously there are many legal and ethical restrictions in my being able to give you anything.

In any event the manner in which you presented your fact pattern is so incoherent I don't want to spend the time trying to figure out what you're trying to say. Try to be a bit more clear and answer my threshold questions above and we'll see.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771013)



Reply Favorite

Date: February 7th, 2016 4:45 AM
Author: claret preventive strike

Brother, I don't have 21 fuckin Hedge Funds in my back pocket, ready to do a reverse triangular merger with a public DE corp. Come on now.

You're not giving me any legal advice I'd be in a position to use for at least 20+ years. You're an atty but not my atty, nothing here establishes an atty-client relationship, etc.

No, that was an adaptation of an LS exam. Anonymized (CorpX etc) to not be outted, to avoid running afoul of copyrights, etc.

What's so hard to comprehend? Another pumo saw it as a straight merger and not a Tender Offer. If you truly need all the facts (I tried to slim it down to just focus on the Williams Act issue), reply to this poast.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771232)



Reply Favorite

Date: February 7th, 2016 4:56 AM
Author: Dull stimulating area therapy

Fine I will take anothet look later when my eyes are a bit fresh and get back to you on how a V5 would handle it.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771235)



Reply Favorite

Date: February 7th, 2016 5:52 AM
Author: Dull stimulating area therapy

OK here's your answer.

First, the XB transaction is a completely separate, independent transaction. It is incorrec to characterize this as a "two-step" transaction. When M&A lawyers talk about "two-step", we are almost always talking about tender offer followed by squeeze out. That is a two-step (for your reference, we also use a term called "dual-track" which means pursuing an IPO at the same time as merger, when you need to raise funds quick and you're not sure which will happen first, but that's a separate issue). It seems evident CorpY wants to acquire CorpX, but does not want the XB business for whatever regulatory, competitive, tax or other reason. So CorpX to make itself attractive to CorpY will spin-off and sell XB to CorpZ as part of a separate, independent transaction. Yes, they are part of the same overall strategy, but legally they are viewed as independent transactions and it is a mistake to conflate them in the manner that you have done.

Now. Is Williams Act TO requirements required to be followed? WRONG QUESTION. Whoever made this fact pattern is either being a trickster, or is lost.

Williams Act simply requires tender offers to follow Rule 14 requirements. It does NOT require you to do a tender offer, and it does NOT tell you what method you should use to merge. CorpY and CorpX have the freedom to CHOOSE whether to do a straight 1-step merger, or do a back-ended TO. Freedom of choice. IF you choose to do TO, then you have to follow Williams Act Rule 14. There are pros and cons to doing a straight vs. TO.

Some key points:

-You CANNOT acquire a public company via the open market outside of the TO rules. Theoretically it is possible, but if you tried to do something like acquire Apple Inc. using your Scottrade account, not only would you trigger 13D, which in itself is not that big of a deal, you would soon find that you are dealing with increasingly hostile, hold-out shareholders who are now demanding an outrageous premium for selling their shares to you.

-The ONLY practical way of acquiring the shares of public target in the open market is through concerted binding offers, which trigger Williams Act

-You can avoid a TO by attempting a 1-step merger, subject to BOD approval and 50% shareholder vote and proxy solicitations and SEC approvals thereof. In this case, Williams Act does not apply whatsoever since you are not making an offer to shareholders for their shares, rather you are asking for approval of a merger.

-If you do a TO, it's typically faster, simpler and sexier, and you will have as a condition precedent getting something like 90% of all shareholders to tender their shares, following which you'll do a take out of the remaining minority holders.

The guy who responded to you in the other thread sounds similarly confused. The question is NOT, "do I need to comply with Williams Act" but rather, "do I want to do a tender offer or a straight merger?" If they want straight merger and deal with proxies and SEC approval of said proxy which is a headache, tell them to go for it. If they want tende offer, then comply with Williams Act and go for it.

Conclusion: your fact pattern is flawed. Either you summarized it poorly and have a poor understanding of the basic premise, or your instructor is a loser. I would love to take this exam for you and just write down "lol wut?"

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771258)



Reply Favorite

Date: February 7th, 2016 1:12 PM
Author: Magical awkward site

6 am on a Sunday. You in HK?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772443)



Reply Favorite

Date: February 7th, 2016 1:25 PM
Author: Dull stimulating area therapy

No. I have strange sleep habits.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772510)



Reply Favorite

Date: February 7th, 2016 4:03 PM
Author: claret preventive strike

Ty. The question on the exam wasn't "do you have to comply w/ Williams Act?"

It was "discuss federal securities law issues."

So I went through the usual '33 registration statement, etc. Then later wondered whether I might've missed some Williams Act issue.

So assuming the fact pattern is as I summarized

1. It's not immediately obvious that the CorpY-CorpX reverse triangular merger is a TO; it's up to them

Thus 2. the 21 CorpX bros aren't necessarily required to file 13D?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29773665)



Reply Favorite

Date: February 8th, 2016 2:08 AM
Author: Dull stimulating area therapy

The 21 bros are acquiring shares in XB which is private. No 13D there.

Do they have to file 13D for acquiring CorpY shares? Yes in a TO since they are tendering their public shares for another public co shares. A TO assumes the SHs are acting in concert. In a straight merger there is a filing but it's not just the 21 bros who are making that change. That would be CorpX that has to file a report showing the change in beneficial ownership of their shares and same for CorpY.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778653)



Reply Favorite

Date: February 6th, 2016 2:48 PM
Author: Boyish national

how do you do with white girls in NYC? if i'm not mistaken, you're a NOWAG.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765475)



Reply Favorite

Date: February 6th, 2016 3:05 PM
Author: Dull stimulating area therapy

Never tried never cared?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765552)



Reply Favorite

Date: February 6th, 2016 3:05 PM
Author: Boyish national

did you really go to HYP ug?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765554)



Reply Favorite

Date: February 6th, 2016 3:25 PM
Author: Dull stimulating area therapy

Yes I have visited all of Harvard, Yale and Princeton, while I was mastering my hyped hypothesis for my hypothetical hypnosis, do I seem hyper?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765656)



Reply Favorite

Date: February 6th, 2016 3:45 PM
Author: motley forum

Senior associates who enjoy their biglaw clients and colleagues are uniformly the worst people alive on the planet. I hope your wife spikes your beer with bleach in between her chill seshes with Darnell

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765771)



Reply Favorite

Date: February 6th, 2016 3:47 PM
Author: aqua people who are hurt

he really sounds like one of the worst people alive

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765786)



Reply Favorite

Date: February 6th, 2016 3:51 PM
Author: Dull stimulating area therapy

You are the master of hyperbole.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765806)



Reply Favorite

Date: February 6th, 2016 4:21 PM
Author: pale wild bawdyhouse

He does admit above that his "model" gf left him. Can't imagine why. Claiming to be fratty at the same time as admitting to be a not exactly brilliant striving gunner was pretty lulzy.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765995)



Reply Favorite

Date: February 7th, 2016 2:16 AM
Author: Dull stimulating area therapy

Except I was literally a "frat boy." And she left me when I chose to accept the secondment offer to go to London. She had to stay in NYC for her jerb.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771017)



Reply Favorite

Date: February 6th, 2016 4:48 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766197)



Reply Favorite

Date: February 6th, 2016 3:50 PM
Author: Dull stimulating area therapy

I don't understand the hate to be honest. Sure, a few colleagues and some clients have been disrespectful to me, some have gotten personally rude, and some don't respect your time and don't know how to say thank you. But for the most part, people tend to be sincere, respectful and courteous, if not considerate.

One of my best friends in high school was a black dude named Darnell. He's happily married to a nice girl.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765800)



Reply Favorite

Date: February 6th, 2016 4:48 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766194)



Reply Favorite

Date: February 6th, 2016 8:00 PM
Author: hilarious vivacious kitchen regret



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767387)



Reply Favorite

Date: February 6th, 2016 8:20 PM
Author: Sick excitant laser beams

you seem like a good bro

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767601)



Reply Favorite

Date: February 7th, 2016 2:29 AM
Author: Dull stimulating area therapy

I try to keep a positive outlook on life. A job is a job and whether I'm slaving away here or at Google it's all the same ish and I make more money here so I'm happy with my lot in life.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771055)



Reply Favorite

Date: February 7th, 2016 2:32 AM
Author: Cowardly insane house

has it been worth it? the hours and stress. sincere question.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771065)



Reply Favorite

Date: February 7th, 2016 2:50 AM
Author: Dull stimulating area therapy

Yes. Many of my best friends are people that I have met while working on deals (colleagues, opposing counsel, clients, etc.). Sounds toolish, but whatever. I also drank and partied quite a lot while working and I went to a lot of cool places around the world either for work or for vacation so it's not like I was in my office 24/7 all these years. I've been to UK, France, Spain, Italy, Swiss, Germany, Austria, Netherlands, Sweden, Hong Kong, China, Taiwan, Singapore, Japan, Malaysia, Vietnam and Thailand while I've been working so it's been a good ride.

The hours, the stress and whatnot are pretty bad, but it's not like my friends at other jobs are living stress free lives either. Sure I may work more than them, but I also get paid more.

I know not all people are programmed for this kind of life. I guess I am lucky in that I my personality is a good fit for this lifestyle. Plus I know this ride will end in the next few years (assuming I don't make partner which seems unlikely) so I can get an easier job next time. I'm also in my early 30s so I have time to do something else once I am canned, and I will have saved up quite a nest egg when that happens.

I never got the guys who go through 3 years of.law school and quit after 3 years at a V10 and they are 29 years old. Wtf are you going to do with the rest of your life? Whatever we go through is butter compared to being forced to land on Omaha Beach.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771073)



Reply Favorite

Date: February 7th, 2016 4:00 AM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug

Take your own life

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771201)



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Date: February 7th, 2016 4:30 AM
Author: Dull stimulating area therapy

I only got another 40 or so years max, whats the rush?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771223)



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Date: February 7th, 2016 6:11 AM
Author: Cowardly insane house

i take it you're not married, no serious girlfriend, and definitely don't have kids?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771266)



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Date: February 7th, 2016 6:12 AM
Author: Dull stimulating area therapy

Somewhat correct.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771267)



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Date: February 7th, 2016 11:16 AM
Author: Bateful bipolar trailer park elastic band

lol

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771818)



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Date: February 7th, 2016 3:19 AM
Author: dashing ultramarine corner internal respiration

how much do you make

whats your net worth. got "fuck you" money yet?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771139)



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Date: February 7th, 2016 4:36 AM
Author: Dull stimulating area therapy

Its pretty public info how much someone my level makes at a V5 but mid 6 figures.

My net worth is about 1.2 mil not counting car, watches, jewelry, furnishings etc. which would prolly be another 200k in an auction sale. I got lucky with investments and saved well. Also have some land and property coming to me inheritence wise which are in my name and worth a few mil but obvio my parents are currently principal users of.

My investment strategy is to always have liquid on hand and wait for the next bubble to crash then go all in. Works well even though it means you wait a while for a bubble to burst and another two years to wait for it to recover. Always bewilders me why others dont do this. If you have patience and basic common sense it is impossoble not to make money doing this. There are bubbles forming and crashing and recovering in multiple industries and sectors around the world all the time.

Best thing I ever did was never paying money for rent. Used the awesome zero interest pre financial crisis to buy wherever I was living and when I sold bam profit. I netted over 500k after tax doing this alone. The place I own now has increased in valuation by about 20% in the past two years so am looking forward to that as well but obviously its not realized gains yet. Just read the news and google search for bubble every few months. I would have made a lot more if I wasnt restricted into buying just ETFs and commodities/FX, but oh well.

I plan on working until I either get fired, die or have net worth of 10 million, whichever occurs sooner.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771229)



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Date: February 7th, 2016 6:27 AM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug

What kind of eye bulging, teeth grinding, facial twitching, mouth full of cum freak types shit like this?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771274)



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Date: February 7th, 2016 6:53 AM
Author: Dull stimulating area therapy

I don't judge you for your career choices, why do you care how I make my living?

I've been grinding my teeth since high school when I had my teeth fixed.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771284)



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Date: February 7th, 2016 6:40 AM
Author: Flirting place of business cruise ship

How much did being a junior suck

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771279)



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Date: February 7th, 2016 6:55 AM
Author: Dull stimulating area therapy

At the time I was fresh out of law school, 24 years old, so it wasn't that bad. I would never go through that again though that's for sure.

Worst was when I literally slept about 30 minutes a night every day for 7 consecutive days while getting yelled at constantly for producing bad work or work not fast enough.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771286)



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Date: February 7th, 2016 8:52 AM
Author: Flirting place of business cruise ship

How do you know if you suck or if its just normal

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771368)



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Date: February 7th, 2016 9:20 AM
Author: Dull stimulating area therapy

If you're constantly making the same mistakes. If you feel lost and can't keep up with the deal or deals you are on. If you find that you're a 5th year and you're only working on JV deals or 500m private M&A transactions while your classmates are getting staffed on billion dollar public deals.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771397)



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Date: February 7th, 2016 7:09 AM
Author: Cheese-eating flesh milk sandwich

are we entering or already in a recession?

hong kong is faggot too humid

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771288)



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Date: February 7th, 2016 7:32 AM
Author: Dull stimulating area therapy

Neither. The last recession was caused by a ridiculous amount of bad collateralized debt, and people were calling that collapse for years before it ever happened.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771294)



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Date: February 7th, 2016 7:35 AM
Author: Cheese-eating flesh milk sandwich

There's a ridiculous about of bad debt in EM

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771298)



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Date: February 7th, 2016 8:29 AM
Author: Dull stimulating area therapy

Is it 10x leveraged?

Didn't think so. Bad debt these days means = oh no they defaulted on an interest payment and may default on the entire debt!!

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771342)



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Date: February 7th, 2016 8:35 AM
Author: Cheese-eating flesh milk sandwich

Lots of firms are highly leveraged.

http://www.bloomberg.com/news/articles/2015-08-27/china-resuscitates-high-risk-debt-structures-amid-crisis-amnesia

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771350)



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Date: February 7th, 2016 8:37 AM
Author: Dull stimulating area therapy

Tens of billions here, compared to trillions that were impacted during financial crisis. Incomparable.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771358)



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Date: February 7th, 2016 11:12 AM
Author: Aphrodisiac Principal's Office

Do we know?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771800)



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Date: February 7th, 2016 11:47 AM
Author: Dull stimulating area therapy

No more prop trading at BBs. Much more stringent risk management and capital controlprocedures restricting the types of products that may be on your books. Much stricter ratings guidance.

10x leveraged CDOs arent ever happening again on a big scale.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771960)



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Date: February 7th, 2016 11:50 AM
Author: hilarious vivacious kitchen regret

Rank the top 5 firms for mna

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771977)



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Date: February 7th, 2016 12:00 PM
Author: Dull stimulating area therapy

In alphabetical order:

Cravath

DPW

Skadden

Sullcrom

STB

Wachtell

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772018)



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Date: February 7th, 2016 12:06 PM
Author: hilarious vivacious kitchen regret

DPW vs Skadden negotiating against each other. Who wins for their client?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772062)



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Date: February 7th, 2016 12:40 PM
Author: Dull stimulating area therapy

Whoever has the better client. If its an auction sale then seller wins. If its a distressed company with a PE buyer then target is f'ed.

In a theoretical equal fight my money is on Skadden.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772288)



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Date: February 7th, 2016 1:10 PM
Author: Chest-beating Floppy Step-uncle's House Antidepressant Drug

Why skadden, faggot?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772432)



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Date: February 7th, 2016 1:24 PM
Author: Dull stimulating area therapy

Wider breadth of practice.

IMO, DPW does more sophisticated work, but have a relatively narrower view of the broader M&A world, so probably not as up to date as a place like Skadden which is basically like the Audi of US M&A. DPW would be more like a Maserati. More exotic but you wouldn't use them for a road trip to Atlantic City.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772503)



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Date: February 7th, 2016 1:22 PM
Author: vengeful nursing home toilet seat

If you had to choose another corp practice group, what would it be

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772490)



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Date: February 7th, 2016 1:27 PM
Author: Dull stimulating area therapy

Something regulatory, maybe anti-trust/FCPA related. More academic and intellectually stimulating. Also better exit options, unless you are really lucky and get an awesome PE/BB M&A inhouse role.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772520)



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Date: February 8th, 2016 2:24 AM
Author: Sick excitant laser beams

what's a BB M&A inhouse role?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778699)



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Date: February 8th, 2016 3:28 AM
Author: Dull stimulating area therapy

BB are involved in M&A advisory services. Depending on the role, it can be limited to valuation or be as broad as running the execution of the M&A.

In the latter case, you will typically have a VP or maybe ED/MD calling shotgun and basically leading the process while the firm will do the drafting and have sort of a partnership role in the transaction. The in-house counsel BB guy will basically be advising the VP/ED/MD and oftentimes coordinating the negotiation/drafting with the firm.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778797)



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Date: February 8th, 2016 3:35 AM
Author: Sick excitant laser beams

so basically sitting in on meetings and afterwards translating the biz points to lawyer-speak?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778812)



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Date: February 8th, 2016 3:48 AM
Author: Dull stimulating area therapy

What is up with this tendency to try to simplify complex realities into a single sentence?

"Oh Physics is basically explaining how atoms interact."

"Mathematics is basically manipulating numbers"

"M&A law is basically copying and pasting from precedents"

I've never been inhouse BB, but from what I do know, they are making sure we stay honest, making sure we are providing the right type of advice and on a timely and cost-effective manner.

It's not like a traditional in-house role in that the law firm in an M&A deal is not actually directly advising the BB (acting as FA). The FA is the company's outside advisor just the same as the law firm. Since the FA does not have their own separate legal advisor at times, they need to make sure their legal interest are also adequately represented.

Also from time to time BBs will of course acquire or divest business units. Then the in-house will perform a more standard in-house function of ensuring not only that the law firm is doing their jobs but also ensuring deal parameters are within the BB's overall risk tolerance (e.g., fall within set range of break fees, indemnity caps, survival periods, etc.)

At my V5, most of my interaction with BBs is when they are acting as FA and advising the same client as us. There I will just be dealing with the investment banker and not the in-house guy, even though I know he's CC'd on stuff and the banker is talking to the in-house guy behind the scenes. The in-house guys are rarely present at meetings and if they are dialed-in to our conference calls I don't know about it.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778851)



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Date: February 7th, 2016 2:01 PM
Author: motley forum

You sound asian

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772750)



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Date: February 8th, 2016 3:56 AM
Author: Dull stimulating area therapy

OK Professor Xavier.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778861)



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Date: February 7th, 2016 2:11 PM
Author: spectacular senate gaping

You have done good work ITT. I am now thankful I turned down a lateral to v10 corporate because, if it is how you describe, I would've simultaneously been terrible at it and wanted to off myself.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772811)



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Date: February 8th, 2016 2:09 AM
Author: Dull stimulating area therapy

Its intense and not everyones cup of tea.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778658)



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Date: February 8th, 2016 2:40 AM
Author: cerise heady sweet tailpipe

What can I do to maximize my chances of PE exit ops? What classes should I take, which v5 firm + group, city, etc.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778728)



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Date: February 8th, 2016 3:31 AM
Author: Dull stimulating area therapy

Nobody cares what classes you take in LS. You would want to work in whatever city your target PE is located in. If you want to work for KKR Europe, make sure you're working at a firm in Europe.

Group wise, well it depends on what you want to do at the PE. If its principal investment then you need to do M&A. If it's structuring stuff then do either tax or fund formation work. You need to make sure you're working on PE deals. That's the only real way they get to know you. If you're real good, they'll talk to the relationship partner and ask if they'd be willing to let you go to them. Most often than not the partner will ask you if you want to go and encourage this. Basically the partner is happy to keep you around, but also happy to let you go since it helps the firm's relationship. This opportunity only really arises to talented guys with a real chance at partnership.

Firms basically any of the V5 are fine, but you probably have the best shot coming from STB, DPW and Sullcrom, given the former's institutional relationship with KKR and Sullcrom just because every M&A banker who moved buy-side seems to be enamored with Sullcrom as "the" M&A shop in NYC.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778804)



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Date: February 8th, 2016 3:37 AM
Author: Sick excitant laser beams

lol how many lawyer bros do you know who end up as principals (in the investing sense of the term) thru lateraling as opposed to going back to school for a MBA

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778814)



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Date: February 8th, 2016 3:50 AM
Author: Dull stimulating area therapy

I know exactly 2 (and none at the top tier), and no, that's not what I meant.

There are various in-house roles within PE. By that, I mean you are either a tax in-house, a formation/structuring in-house, or you are in-house legal for the principal investment business, meaning the M&A side. And there's only like 1 or 2 of each of these guys, so the openings are very rare. They pop-up maybe once every few years or so per shop.

Some of the smaller PE shops don't even have in-house, or maybe have 1 guy that does all of the above. Globally they may be realtively large institutions with a high AUM figure, but each branch is relatively small. I think the average PE shop with 1bn+ AUM has like 15 employees and they'll have 1 in-house if any. KKR/Blackstone/Carlyle/Affinity et al are obviously different beasts altogether.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778855)



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Date: February 8th, 2016 4:00 PM
Author: hilarious vivacious kitchen regret

have you considerd going in house

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781781)



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Date: February 9th, 2016 7:43 AM
Author: Dull stimulating area therapy

Never corporate inhouse. I am always looking for a BB or PE inhouse role. I enjoy working with finanxe finance guys too much to work for big corporate law. I did consider going Google M&A inhouse but when I saw everyone and their mom was applyijg back in 2012 I gave it a pass.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786337)



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Date: February 9th, 2016 3:38 AM
Author: cerise heady sweet tailpipe

Thanks brother! Really appreciate the advice

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786041)



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Date: February 8th, 2016 4:09 PM
Author: Scarlet party of the first part university

Are you Asian?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781855)



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Date: February 9th, 2016 7:52 AM
Author: Dull stimulating area therapy

Lets keep the discussion somewhat relevant shall we?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786352)



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Date: February 9th, 2016 6:31 PM
Author: Scarlet party of the first part university

Lol of course you're Asian. You get tremendous satisfaction from being an anal lawyer because you lack social capital in other ways. You're part of nyuug's crew.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29790161)



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Date: February 10th, 2016 4:46 AM
Author: Dull stimulating area therapy

Lol at proles talking about social capital. Save your idiotic psycho-babble for some other pumo thread.

And ljl at "tremendous satisfaction". Did you learn that phrase from your wife after her date with Tyrone?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795404)



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Date: February 10th, 2016 10:20 AM
Author: Scarlet party of the first part university

(Insecure Asian with a tiny penis)

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29796054)



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Date: February 10th, 2016 2:22 PM
Author: Dull stimulating area therapy

Oh hai Darnell.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29797320)



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Date: February 28th, 2016 9:33 PM
Author: Scarlet party of the first part university



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940161)



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Date: February 8th, 2016 4:12 PM
Author: Effete domesticated scourge upon the earth

Distinguish v5 from v10 m&a.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781879)



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Date: February 9th, 2016 7:41 AM
Author: Dull stimulating area therapy

V5 is highly elite. The rest of the V10 is more aimilar to the rest of the V30 than the V5. There is a lot more separation between SC STB Wachtell Skadden DPW Cravath and say Cleary or Debevoise or Weil than there is between the latter group and say Shearman or Paul Weiss.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786332)



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Date: February 9th, 2016 4:57 PM
Author: hilarious vivacious kitchen regret

Elite in terms of work product or prestige?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29789518)



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Date: February 10th, 2016 4:54 AM
Author: Dull stimulating area therapy

Both.

The V30 were brutalized from 2008-2011. The V5 thrived doing high quality public and private M&A deals.

The kids who go to places like Weil had like a 3.4 GPA from my law school. The kids who went to the V5 graduated with 3.6 or above, some were top 5 in their classes. Obviously a smarter group of people.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795411)



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Date: August 26th, 2017 1:49 PM
Author: Ruby institution sneaky criminal

lol

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#34071940)



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Date: February 9th, 2016 1:58 PM
Author: slate rambunctious base rigpig

if you were forced to go SOLO tomorrow, would you make it?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788265)



Reply Favorite

Date: February 9th, 2016 2:02 PM
Author: Dull stimulating area therapy

Yes.

I wouldn't do something stupid like trying to solo a M&A advisory shop. I also wouldn't be able to market to my traditional clients since they have a panel of firms that they work with and they wouldn't be able to hire me even if they wanted to.

I would probably go into civil and commercial litigation. I'm very good at legal research and have seen pretty much every type of commercial contract imagineable as a result of thousands of hours of due diligence. I have friends and acquaintances asking me for legal advice in those areas all the time and I think it would be a fun profitable business. I would need to hire a good partner who has experienced litigating in lower trial courts so he can educate me on the procedural portions.

Or I may simply do bankruptcy or real estate law. I've worked on a few bankruptcy cases (363 auctions) and real estate project finance deals, so it shouldn't be too hard to service low-expectations clients for a nominal fee.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788286)



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Date: February 10th, 2016 2:57 PM
Author: spectacular senate gaping

Plenty of people spend the better part of a decade doing high-end M&A work at a top firm and then become litigators.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29797556)



Reply Favorite

Date: February 11th, 2016 2:03 AM
Author: Dull stimulating area therapy

I get your sarcasm and where you are coming from. Plenty of 30 somethings are graduating from law school each year and becoming solos. I think I could do a good job as well.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29802109)



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Date: February 28th, 2016 9:46 PM
Author: Ocher trip stag film

Didn't read rest of thread but this along jumped the shark. By your logic 1000 of hours of doc review would make you an expert drafter.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940300)



Reply Favorite

Date: February 11th, 2016 2:07 AM
Author: emerald exciting kitty

obvs you're american (maybe british) because of your impeccable english

obvs you're foreign due to the time that you poast

obvs you're in NYUUG's crew due to the hilarious "HYPing" you did of him (mentally ill on his part - you have to admit that gave you some pause)

did you flee the country as well? thoughts on r/asianmasculinity?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29802124)



Reply Favorite

Date: February 28th, 2016 9:16 PM
Author: Infuriating market roommate

does it ever get you down that most M&A deals don't create value?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940005)



Reply Favorite

Date: February 28th, 2016 9:27 PM
Author: Dull stimulating area therapy

Did you hear that from your Investment Banking 101 professor at Penn State? Lulz. Let me go to work on you:

1) MOST M&A deals are small private asset acquisitions or joint ventures. These create IMMENSE strategic and economic value for these small-cap companies, who can no longer grow organically. Some companies have little experience doing a certain business in [x] jurisdiction and the only way for them to be able to do so is through a JV with an experienced partner. Or you need to acquire land or a factory to expand your business, and you don't have the 5+ years it will take to get all the regulatory approvals and permits and construction time to build it, so you need to buy a factory. Or you are sick of getting ripped off in the spot market for crude so you want to buy downstream resources?

2) The Rockefellers, Carnegies and Rothschilds of the world created their empire through M&A, idiot.

3) "Empire building" M&A is in many ways a dumb move and they end up divesting eventually, but at the same time it achieves the important goals of consolidating certain industries, increasing competition and has a significant political on the players. Perhaps it's not "economically valuable" but it certainly creates other forms of value.

4) Bank of America merging with Merrill Lynch saved thousands of jobs and prevented further economic meltdown.

5) Countless distressed companies have been saved through significant capital investments or mergers with 3rd party buyers (GM, Chrysler, pretty much the entire airline industry).

6. The entire "government bailout" during the financial crisis was an M&A transaction.

Pretty much everything you eat, drink, use, sleep on, and everything that makes those same exact things, are the product of M&A.

M&A is the absolute key driver in creating economies of scale. Just lol at the concept of a company growing "organically" into a multinational. Just lol.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940124)



Reply Favorite

Date: February 28th, 2016 9:30 PM
Author: Cerebral meetinghouse jew

LOL!

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940147)



Reply Favorite

Date: February 28th, 2016 9:35 PM
Author: Infuriating market roommate

you really are a demented status obsessed little gook. almost none of that is inconsistent with my statement btw.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940177)



Reply Favorite

Date: February 28th, 2016 9:37 PM
Author: Dull stimulating area therapy

Your statement: "most M&A deals don't create value"

My response: Multiple examples of how M&A deals create economic, social and political value. Economies of scale = the pie getting larger, idiot.

Your TTT passive-tense counter-response: "buubuubut it is not inconsistent!"

p.s. Illiterate idiots who end sentences with "btw" should be gassed. At least your Big State U taught you how to spell "gook" properly, idiot.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940190)



Reply Favorite

Date: February 28th, 2016 9:42 PM
Author: Infuriating market roommate

your response did not contradict my original statement, and btw was a hilarious overreaction that only demonstrates what a hyper sensitive insecure little gook you are. sorry about your tiny pink logical ability.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940238)



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Date: February 28th, 2016 9:47 PM
Author: Dull stimulating area therapy

Exactly how did Rockefeller fail to create value through M&A?

What you are too dumb to comprehend (which btw is why you are reverting back to your childlike state of personal attacks since that's all you ever learned to do from your fat oaf low class parents when confronted with confusion) is that M&A enables economies of scale which makes the size of the pie larger.

To put it in a simple one-liner that proles like yourself seem to understand, when you achieve economies of scale, the whole is greater than the sum of the parts.

Did you not take economics, like ever?

"Bbbbubububut 1+1 = 2!!!" Yeah, explain how GDPs and stock markets continue to grow in volume and number of jobs constantly increase.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940310)



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Date: February 28th, 2016 9:52 PM
Author: Infuriating market roommate

brother, your first instinct when someone takes a contrary position is to attack their educational credentials. you must be in your thirties. think about that for a second.

you really don't need to explain basic economics to me but it's good to see you grasping your way towards making a real point.

all you have demonstrated is that M&A deals CAN add value.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940359)



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Date: February 28th, 2016 9:57 PM
Author: Dull stimulating area therapy

You clearly still don't understand.

The creation of the global economy, and MOST economic growth that happened in the last couple hundred years was the direct result of M&A. It's not a matter of whether M&A deals add value, it's a matter of how much of global economic growth is NOT the product of M&A.

The industrial revolution, the railroads, post-war economic expansion, that was all enabled by M&A. Every single company starts off as a 1 person endeavor. To transform into an enterprise that can build a railway across the entire fing country, or sell bullets or bread to all of Europe, requires a buttload of M&A activity. Read a fing book.

And the reason I questioned your education is because the very fact that you even made your OP indicates you somehow failed to learn this rather simple concept.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940398)



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Date: February 28th, 2016 10:00 PM
Author: Infuriating market roommate

so, little man, not only are you a V5 superstar frat boy, you're also an authority on economic history.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940429)



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Date: February 28th, 2016 10:02 PM
Author: Dull stimulating area therapy

1) I'm not the biggest guy around but lol at me being little

2) I work at a V5 and I was a frat boy but I never considered myself to be a superstar

3) I did get accepted to Ivy economics PhD programs after graduating 5th in my class in Ugrad having majored in economics (I got more A+s than I got As), and I'm sure I know more about economics than you.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940455)



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Date: February 28th, 2016 10:17 PM
Author: Infuriating market roommate

those are some great credentials you've got.

is the relationship between m&a and growth really a settled issue? it's certainly not a question you can answer by the straightforward application of undergrad theory.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940580)



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Date: February 28th, 2016 10:36 PM
Author: Dull stimulating area therapy

The REAL question which you should have asked is, "how much economic growth could have happened without M&A" or "how much economic growth is derived through organic growth" or "is M&A derived economic growth inefficient/harmful to society?"

It is settled history that the industrial revolution and the robber barons were major factors of the boom in America's economic development in the 19th century. As we all know, the Rockefellers and Carnegies were the forerunners of vertical integration" and "horizontal integration" back when the Williams Act did not exist. During the Civil War you pitted individual factory owners against the large consolidated corporations of the North - guess who won?

This historical fact raises lots of interesting questions, none of which are "was value created." Rather you have educated scholars arguing about:

1) whether the Williams Act suppresses economic growth by limiting the growth capacity

2) whether the industrial revolution would have happened without the creation of monopolies and trusts, and the impact anti-trust regulation has on the economic development of developing nations

3) are industry consolidations good for the economy?

I know I'm repeating myself, but M&A happens, and there is a strong correlation between M&A and economic growth. Now you could make a case that large scale M&A that results in industry consolidation may not be the best, or over-diversification leads to too much risk and downside, but your initial premise itself was basically challenging a settled matter of fact and you were simply barking up the wrong tree.

Some additional facts:

1) Large entities can mass produce items cheaper than small entities (you become large through M&A)

2) Large entities employ more people than small entities (more income generated for more people and more taxes paid to the government)

3) Large entities suffer from less inefficiencies in production and R&D, support staff, etc., thereby resulting in a net reduction in deadweight loss.

4) Large entities require more sophisticated regulations and regulators (results in a more sophisticated system of laws and regulations)

This ish is complicated as all hell, and to try to narrow it down to a simplistic matter of "creating value" is patently moronic. This is why one of the big things the World Bank and IMF always try to do is encourage more FDI (foreign investments in local enterprises) in developing countries. You also have pretty much every developed country trying to block crossborder M&A through protectionist policies since they perceive the social net loss as outweighing the potential economic gains.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940753)



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Date: March 4th, 2016 12:29 AM
Author: Infuriating market roommate

pointing to rockefeller & carnegie is barking up the wrong tree - you're operating in a rather different economy. i already acknowledged it is a complex issue in the post you're responding to.

you need to ask yourself why you responded so aggressively to what is ultimately a reasonable comment. i suppose it's better to be overly enthusiastic - perhaps completely delusional - about one's work than the opposite.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29976357)



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Date: February 28th, 2016 9:38 PM
Author: High-end Snowy Hall

why do you think you just pick up tomorrow as a commercial litigator if need be?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940201)



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Date: February 28th, 2016 9:40 PM
Author: Dull stimulating area therapy

I wouldn't be very good at it at first, but I have enough money saved that I could give it a shot. Probably minor stuff like suing over breach of contract claims between small/midsized companies and stuff. I am familiar with the relevant case law since we have to constantly study this stuff to properly draft transaction docs with enforceable provisions.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940217)



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Date: February 28th, 2016 9:44 PM
Author: High-end Snowy Hall

What company would hire you to file a complaint/defend a breach of contract claim? Would you be comfortable taking/defending depositions?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940270)



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Date: February 28th, 2016 9:48 PM
Author: Dull stimulating area therapy

The local autoparts supplier that has a LTC worth $200,000 annually with some out of state company for example and they want to get out of it. Or something like that.

Yes I did a clinic in law school so I've done depositions before.



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940322)



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Date: March 4th, 2016 12:04 AM
Author: Smoky hell newt

You seem like a good dude. Overly aggressive and passionate about your work, but if that really fulfills you then great.

Serious Q: Midlevel, V20 M&A. I'm not smart or interested enough to be really good at this stuff. Don't get the high profile deals, but I'm competent enough for them to keep me around and run smaller deals. I have no delusions of making partner (nor would I want to ever be a biglaw partner). Want to stick around a couple more years and save as much as I can before getting shitcanned. How do I find a shitlaw/midlaw M&A job with at least $150K salary? Recruiters I talk to mostly have NYC/DC/CA biglaw lateral openings. My ideal situation would be a 40-50 hour week and cruising by at a smaller shop in ARECOUNTRY where expectations are lower.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29976135)



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Date: August 26th, 2017 1:46 PM
Author: vengeful nursing home toilet seat



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#34071924)



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Date: April 5th, 2018 10:30 PM
Author: razzle-dazzle pit

BUMP. Where are you now?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775018)



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Date: April 5th, 2018 10:50 PM
Author: Confused Razzmatazz Kitty Cat



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775117)



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Date: April 5th, 2018 10:32 PM
Author: topaz patrolman

I remember OP being a huge cunt in some thread

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775025)



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Date: April 5th, 2018 10:33 PM
Author: razzle-dazzle pit

he kind of seems like a cunt in this one tbh

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775030)



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Date: April 5th, 2018 10:44 PM
Author: Bat Shit Crazy Wagecucks

OP is 'hypmaster' who famously claimed to go party in Seoul with nyuug and was in awe of nyuug's way with women. Nyuug apparently cucked the shit out of this dude despite him being a former Hermes model, iirc

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775085)



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Date: April 5th, 2018 10:45 PM
Author: Fragrant lay

lol

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775093)



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Date: April 5th, 2018 10:49 PM
Author: Irradiated grizzly rehab

i dont get it is this real or some redpill comics joke/reference

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775115)



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Date: April 5th, 2018 10:52 PM
Author: Bat Shit Crazy Wagecucks

nah man this actually happened. everyone thought hypmaster was nyuug himself making shit up, but then he started running this 'v5 associate dickhead' shtick

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775140)



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Date: April 5th, 2018 10:54 PM
Author: dun voyeur

lmao bizarre

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775152)



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Date: April 5th, 2018 11:17 PM
Author: razzle-dazzle pit

what happened to him professionally I'm fascinated

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775340)



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Date: April 5th, 2018 10:48 PM
Author: stirring set

He’s really a piece of shit. Loled at the fact that he was the chill fratty one on his team. Also not surprised to read he was Asian.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775106)



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Date: April 5th, 2018 10:49 PM
Author: Fragrant lay



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775113)



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Date: April 5th, 2018 10:54 PM
Author: Diverse sanctuary

hey faggot, i made more money than you last year smoking pot and trading crypto. kill yourself you self important lawyer faggot

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775161)



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Date: September 11th, 2018 3:06 AM
Author: Dull stimulating area therapy

How’s your crypto holding out?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785965)



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Date: September 11th, 2018 1:04 AM
Author: Bat Shit Crazy Wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785679)



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Date: September 11th, 2018 3:10 AM
Author: Dull stimulating area therapy

Since this was bumped and people asked, thought I’d give you all an update:

I’m up for partner this year, I will find out in a couple of months. No idea which way it will go, although my mentor partner (who is essentially our firm’s COO) says things look good. Practice heads from other teams have been really nice to me in recent months, reaching out to me for random stuff and thoughts, which was very random but I’m taking it as a good sign.

I have no book of business (other than a couple of minor deals I sourced through law school classmates and other friends). I grind hard, bill a lot and do good work. I’ve also been super busy this year, nearly to my first-year level hours, often going past 80 hours a week. Last week was my first “slow” week at 35 or so hours in months.

But again, I have no expectation of making it, and have backup plans in place in the likely event I’m told “maybe next year buddy.”

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785971)



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Date: September 19th, 2018 12:22 AM
Author: Talented gas station boltzmann

curious to hear backup plans (unless it's lateral to v50 and make partner). also, are you a 10th yr now?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36838043)



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Date: October 13th, 2018 12:49 PM
Author: concupiscible learning disabled national security agency

What a tremendous waste of a life. This was depressing to read.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014198)



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Date: October 13th, 2018 12:50 PM
Author: Marvelous pisswyrm

Let us know when you get made OF COUNSEL.

How's the wife?

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014208)



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Date: September 19th, 2018 12:06 AM
Author: mentally impaired obsidian theater blood rage



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36837988)



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Date: September 19th, 2018 12:19 AM
Author: flatulent glittery heaven shitlib

what do you think about startup/VC corporate law as a practice vs. PE M&A vs public M&A?



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36838031)



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Date: October 13th, 2018 2:13 AM
Author: judgmental school cafeteria

This was interesting why all the hate

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37012807)



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Date: October 13th, 2018 2:18 AM
Author: stirring set

Op is an insufferable fag

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37012832)



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Date: October 13th, 2018 12:42 PM
Author: copper deep weed whacker lodge

Yea but tbf this is typically the word view/attitude you need to have to be a big law corporate lifer

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014146)



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Date: October 13th, 2018 1:34 PM
Author: stirring set

True but the hate is fully warranted

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014409)



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Date: October 13th, 2018 8:59 PM
Author: judgmental school cafeteria

He takes his job way too seriously which suggests a flawed perspective on life but doesn't make him a bad person.

The over the top reaction seems like a combination of jealousy and anti asian racism

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016682)



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Date: October 13th, 2018 9:00 PM
Author: stirring set

No, he’s a dick to other posters here. Fuck him.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016687)



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Date: November 20th, 2018 12:09 AM
Author: vengeful nursing home toilet seat



(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268005)



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Date: November 20th, 2018 12:10 AM
Author: Effete domesticated scourge upon the earth

Compare/contrast to V7 and V10 M&A

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268009)



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Date: November 20th, 2018 12:11 AM
Author: Dull stimulating area therapy

Outside of WLRK/S&C I see no discernible difference between the V10.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268023)



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Date: November 20th, 2018 12:10 AM
Author: Bright indian lodge hominid

sup NYUUG.

(http://www.autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268012)