The most prestigious law school admissions discussion board in the world.
|
 |
    1 addresses in this thread.
You have 0 points. Copying this list does not send funds. Paste it on Disperse, then connect your wallet there. |
Taking Questions on V5 M&A
Poast new message in this thread
Date: February 6th, 2016 12:16 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764605) |
 |
Date: February 6th, 2016 12:18 PM Author: brindle domesticated affirmative action 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764618) |
|
Date: February 6th, 2016 12:21 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764638) |
|
Date: February 6th, 2016 12:24 PM Author: brindle domesticated affirmative action 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764653) |
|
Date: February 6th, 2016 12:49 PM Author: Frisky cracking whorehouse twinkling uncleanness Probably need to knock down 2-3 years to be fair. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764751) |
|
Date: February 6th, 2016 2:30 PM Author: brindle domesticated affirmative action how can i bone up brother?? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765351) |
|
Date: February 6th, 2016 3:29 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765676) |
|
Date: February 7th, 2016 12:38 AM Author: brindle domesticated affirmative action I'd need to look at the governing docs, not too hard (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770576) |
|
Date: February 7th, 2016 2:10 AM Author: Frisky cracking whorehouse twinkling uncleanness Lol OK enjoy your malpractice claim. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770994) |
Date: February 6th, 2016 12:18 PM Author: dashing mustard theater potus Wife/kids? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764614) |
|
Date: February 6th, 2016 12:19 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764623) |
|
Date: February 6th, 2016 12:19 PM Author: Angry resort 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?" (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764621) |
|
Date: February 6th, 2016 12:19 PM Author: brindle domesticated affirmative action bc it pays well? jfc you aspie. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764625) |
|
Date: February 6th, 2016 12:19 PM Author: Angry resort Eh, only if you make partner or end up General Counsel somewhere. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764628) |
|
Date: February 6th, 2016 12:24 PM Author: brindle domesticated affirmative action yeah 250k is a shitsalary (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764654) |
|
Date: February 6th, 2016 12:25 PM Author: Angry resort In NYC/LA/SF, correct. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764657) |
|
Date: February 6th, 2016 12:20 PM Author: Frisky cracking whorehouse twinkling uncleanness 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). (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764629) |
|
Date: February 6th, 2016 12:20 PM Author: Angry resort There's nothing "flexible" about being an M&A lawyer. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764634) |
|
Date: February 6th, 2016 12:21 PM Author: Frisky cracking whorehouse twinkling uncleanness BB and work from home and 2 juniors under you to do the grunt work? Plus a rainmaking partner who doesnt face time. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764641) |
|
Date: February 6th, 2016 12:22 PM Author: Angry resort You have to look over their shoulders all day. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764648) |
|
Date: February 6th, 2016 1:01 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764834) |
|
Date: February 6th, 2016 12:23 PM Author: House-broken Mad-dog Skullcap Abode 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764650) |
|
Date: February 6th, 2016 1:02 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764843) |
|
Date: February 6th, 2016 12:25 PM Author: brindle domesticated affirmative action status of your soul brother? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764659) |
|
Date: February 6th, 2016 1:27 PM Author: Razzle-dazzle filthpig Just from reading his responses ITT, it's clear that it is long gone, if it ever existed at all (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765001) |
|
Date: February 6th, 2016 3:32 PM Author: Frisky cracking whorehouse twinkling uncleanness Mostly gone, to be fair. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765695) |
|
Date: February 6th, 2016 12:27 PM Author: Poppy hairless psychic friendly grandma what time ya get in, what time ya leave everyday? 8hrs a day sat and 4 on Sunday ? Do you take vacation days? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764662) |
|
Date: February 6th, 2016 1:05 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764868) |
|
Date: February 6th, 2016 1:07 PM Author: mauve learning disabled hominid Jesus Christ (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764880) |
|
Date: February 6th, 2016 1:07 PM Author: Frisky cracking whorehouse twinkling uncleanness What? Checking your BB isn't hard at all, I check my personal phone probably every 5-10 minutes. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764891) |
|
Date: February 6th, 2016 1:23 PM Author: Trip Fighting Gas Station How do you deal with only 5 vacation days a year (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764981) |
|
Date: February 6th, 2016 1:29 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765016) |
|
Date: February 6th, 2016 3:07 PM Author: Trip Fighting Gas Station Do you regret not taking more? Seems unnecessary to gun that hard (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765561) |
|
Date: February 6th, 2016 3:13 PM Author: Frisky cracking whorehouse twinkling uncleanness Not at all. My colleagues who took their vacations ended up spending $$$$ each time. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765589) |
|
Date: February 6th, 2016 3:16 PM Author: Trip Fighting Gas Station Lol wtf (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765607) |
|
Date: February 6th, 2016 3:19 PM Author: Frisky cracking whorehouse twinkling uncleanness Yeah 10K here, 10K there. Bam you're spending 40-50K per year after tax on vacations. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765623) |
|
Date: February 6th, 2016 3:36 PM Author: Trip Fighting Gas Station Just seems like a dumb reason to not take vacations (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765724) |
|
Date: February 6th, 2016 3:46 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765776) |
|
Date: October 13th, 2018 9:07 PM Author: Ruby site gunner lol wagecuck (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016711) |
|
Date: February 6th, 2016 1:45 PM Author: Canary station trump supporter Subject: I You didn't bill 2700. That's a lie and you're a faggot. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765116) |
|
Date: February 6th, 2016 3:40 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765739) |
|
Date: February 6th, 2016 4:48 PM Author: Canary station trump supporter less than 1% of biglawyers have ever billed that much (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766192) |
|
Date: February 7th, 2016 2:11 AM Author: Frisky cracking whorehouse twinkling uncleanness Less than 1% of biglawyers have ever worked in a busy M&A group during the financial crisis. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29770998) |
|
Date: February 8th, 2016 5:19 PM Author: appetizing shivering nibblets location 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29782348) |
|
Date: February 9th, 2016 7:38 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786321) |
|
Date: February 6th, 2016 8:38 PM Author: marvelous chocolate locus lol only 225 per month (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767835) |
|
Date: February 6th, 2016 12:43 PM Author: judgmental stage thoughts on the different IBs that you work with? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764712) |
|
Date: February 6th, 2016 1:07 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764882) |
|
Date: February 6th, 2016 2:05 PM Author: judgmental stage you said sometimes you wished you did that instead.
BURNING wish? or more or less happy at where you at? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765234) |
|
Date: February 6th, 2016 2:27 PM Author: Frisky cracking whorehouse twinkling uncleanness More or less happy. Not a burning wish. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765334) |
|
Date: February 6th, 2016 12:43 PM Author: Twinkling Menage Do you regret law school? What were your other options? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764718) |
|
Date: February 6th, 2016 12:45 PM Author: Twinkling Menage 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764728) |
|
Date: February 6th, 2016 1:09 PM Author: Frisky cracking whorehouse twinkling uncleanness My other options:
1) Economics PhD at an Ivy 2) State Department 3) IBD
Sometimes I wish I had gone with #3. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764901) |
|
Date: February 8th, 2016 7:08 PM Author: Twinkling Menage 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29782997) |
|
Date: February 9th, 2016 1:55 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788244) |
|
Date: February 6th, 2016 12:44 PM Author: mauve learning disabled hominid How aspie are the tax lawyers u work with (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764721) |
|
Date: February 6th, 2016 1:09 PM Author: Frisky cracking whorehouse twinkling uncleanness It's true, all of it. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764907) |
|
Date: February 6th, 2016 1:11 PM Author: mauve learning disabled hominid Are they ur bitches in the same way ure a bitch for bankers (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764919) |
|
Date: February 6th, 2016 1:13 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29764927) |
|
Date: February 6th, 2016 2:40 PM Author: filthy church building Tax lawyers are the only ones who actually add value in M&A. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765425) |
|
Date: February 6th, 2016 3:18 PM Author: Frisky cracking whorehouse twinkling uncleanness 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!!
(https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765613) |
|
Date: February 6th, 2016 4:04 PM Author: Territorial maroon forum the RIGOR of drafting (copy and pasting + conforming) a few extra pages worth of closing condition mechanics and an off-the-shelf solicitation doc (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765891) |
|
Date: February 7th, 2016 2:14 AM Author: Frisky cracking whorehouse twinkling uncleanness 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.
(https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771007) |
|
Date: February 7th, 2016 8:47 AM Author: Territorial maroon forum 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771362) |
|
Date: February 7th, 2016 11:04 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771773) |
|
Date: February 7th, 2016 11:18 AM Author: mint french principal's office jesus christ kill yourself. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771838) |
|
Date: February 7th, 2016 11:44 AM Author: Frisky cracking whorehouse twinkling uncleanness Do you have an intelligent point to make or are you here for the lulz? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771943) |
|
Date: February 7th, 2016 11:52 AM Author: mint french principal's office 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771982) |
|
Date: February 7th, 2016 11:55 AM Author: Frisky cracking whorehouse twinkling uncleanness 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771994) |
|
Date: February 7th, 2016 12:12 PM Author: mint french principal's office because you remind me of my co-workers. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772109) |
|
Date: February 7th, 2016 12:38 PM Author: Frisky cracking whorehouse twinkling uncleanness Well at least you know Im not flame. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772276) |
|
Date: February 7th, 2016 12:39 PM Author: mint french principal's office serious q, why do u think ur not making partner (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772283) |
|
Date: February 7th, 2016 1:06 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772417) |
|
Date: February 7th, 2016 1:29 PM Author: Cobalt foreskin well, i guess you're not at skadden (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772528) |
|
Date: February 7th, 2016 1:35 PM Author: Frisky cracking whorehouse twinkling uncleanness You at Skadden? I know lotsa bros over there and go there quite often to eat lunch. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772557) |
|
Date: February 8th, 2016 2:27 AM Author: judgmental stage are the stories about the gym true? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778707) |
|
Date: February 8th, 2016 3:16 AM Author: Frisky cracking whorehouse twinkling uncleanness Probably. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778774) |
|
Date: February 7th, 2016 3:53 PM Author: Territorial maroon forum ljl at you (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29773601) |
|
Date: February 8th, 2016 2:03 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778630) |
|
Date: February 9th, 2016 4:56 PM Author: Territorial maroon forum (guy not worried about or judging others penning lengthy screed at 2 am in response to an anonymous 3-word poast) (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29789512) |
|
Date: February 10th, 2016 4:36 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795393) |
|
Date: February 10th, 2016 8:25 PM Author: Territorial maroon forum ljl (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29799868) |
|
Date: February 6th, 2016 4:15 PM Author: filthy church building Guess again. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765954) |
|
Date: February 7th, 2016 2:22 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771033) |
|
Date: February 6th, 2016 4:31 PM Author: Trip Fighting Gas Station Nice flame bro (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766071) |
|
Date: February 7th, 2016 2:21 AM Author: Frisky cracking whorehouse twinkling uncleanness I don't need you, I got turbo tax. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771030) |
|
Date: February 7th, 2016 2:36 AM Author: hilarious cordovan depressive PDZorro is legit, fyi (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771069) |
|
Date: February 7th, 2016 3:02 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771095) |
|
Date: February 6th, 2016 1:39 PM Author: curious school cafeteria 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765082) |
|
Date: February 6th, 2016 1:56 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765179) |
|
Date: February 6th, 2016 2:32 PM Author: curious school cafeteria 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765366) |
|
Date: February 6th, 2016 3:21 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765639) |
|
Date: February 6th, 2016 3:26 PM Author: curious school cafeteria 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765657) |
|
Date: February 6th, 2016 3:31 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765687) |
|
Date: February 7th, 2016 1:11 PM Author: curious school cafeteria Well good luck bro (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772439) |
|
Date: February 6th, 2016 2:04 PM Author: Trip Fighting Gas Station What were London and Hong Kong like (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765224) |
|
Date: February 6th, 2016 2:28 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765342) |
|
Date: February 6th, 2016 2:43 PM Author: Trip Fighting Gas Station We're they more intense than NYC? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765452) |
|
Date: February 6th, 2016 3:19 PM Author: Frisky cracking whorehouse twinkling uncleanness NYC was the most intense work-wise of any place I have worked. Clients are sophisticated and demanding. London is more of the same. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765616) |
|
Date: February 6th, 2016 4:49 PM Author: Canary station trump supporter youre ahuge faggot (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766203) |
|
Date: February 7th, 2016 2:50 AM Author: Frisky cracking whorehouse twinkling uncleanness No, but thanks. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771074) |
|
Date: February 6th, 2016 2:07 PM Author: boyish navy incel headpube sorry nyuug you aren't going to dig yourself out from that Russian pwning you gook. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765246) |
|
Date: February 6th, 2016 2:28 PM Author: Frisky cracking whorehouse twinkling uncleanness Right, because I'm NYUUG and I know about being an M&A lawyer, thanks. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765337) |
|
Date: February 6th, 2016 3:51 PM Author: boyish navy incel headpube Correct nyuug (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765805) |
|
Date: February 6th, 2016 3:56 PM Author: Frisky cracking whorehouse twinkling uncleanness 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765843) |
|
Date: February 7th, 2016 1:31 PM Author: 180 yarmulke legal warrant trigger warning YOU FUCK (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772537) |
|
Date: February 7th, 2016 1:36 PM Author: Frisky cracking whorehouse twinkling uncleanness I imagined you screaming this in Christopher Walken's voice. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772565) |
|
Date: February 6th, 2016 2:15 PM Author: razzmatazz maize antidepressant drug I think I know you (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765282) |
|
Date: February 6th, 2016 2:19 PM Author: Demanding business firm 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765300) |
|
Date: February 6th, 2016 2:31 PM Author: Frisky cracking whorehouse twinkling uncleanness 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." (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765357) |
|
Date: February 6th, 2016 2:38 PM Author: Demanding business firm 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765407) |
|
Date: February 6th, 2016 3:05 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765553) |
|
Date: February 6th, 2016 4:10 PM Author: Demanding business firm just answer the question, M&A masterman. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765927) |
|
Date: February 7th, 2016 2:15 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771013) |
|
Date: February 7th, 2016 4:45 AM Author: Demanding business firm 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771232) |
|
Date: February 7th, 2016 4:56 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771235) |
|
Date: February 7th, 2016 5:52 AM Author: Frisky cracking whorehouse twinkling uncleanness 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?" (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771258) |
|
Date: February 7th, 2016 1:12 PM Author: curious school cafeteria 6 am on a Sunday. You in HK? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772443) |
|
Date: February 7th, 2016 1:25 PM Author: Frisky cracking whorehouse twinkling uncleanness No. I have strange sleep habits. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772510) |
|
Date: February 7th, 2016 4:03 PM Author: Demanding business firm 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29773665) |
|
Date: February 8th, 2016 2:08 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778653) |
|
Date: February 6th, 2016 2:48 PM Author: transparent brethren how do you do with white girls in NYC? if i'm not mistaken, you're a NOWAG. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765475) |
|
Date: February 6th, 2016 3:05 PM Author: Frisky cracking whorehouse twinkling uncleanness Never tried never cared? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765552) |
|
Date: February 6th, 2016 3:05 PM Author: transparent brethren did you really go to HYP ug? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765554) |
|
Date: February 6th, 2016 3:25 PM Author: Frisky cracking whorehouse twinkling uncleanness 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765656) |
|
Date: February 6th, 2016 3:45 PM Author: Razzle-dazzle filthpig 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765771) |
|
Date: February 6th, 2016 3:47 PM Author: Haunting submissive piazza pisswyrm he really sounds like one of the worst people alive (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765786) |
|
Date: February 6th, 2016 3:51 PM Author: Frisky cracking whorehouse twinkling uncleanness You are the master of hyperbole. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765806) |
|
Date: February 6th, 2016 4:21 PM Author: filthy church building 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765995) |
|
Date: February 7th, 2016 2:16 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771017) |
|
Date: February 6th, 2016 4:48 PM Author: Canary station trump supporter (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766197) |
|
Date: February 6th, 2016 3:50 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29765800) |
|
Date: February 6th, 2016 4:48 PM Author: Canary station trump supporter (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29766194) |
|
Date: February 6th, 2016 8:00 PM Author: Trip Fighting Gas Station (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767387) |
|
Date: February 6th, 2016 8:20 PM Author: judgmental stage you seem like a good bro (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29767601) |
|
Date: February 7th, 2016 2:29 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771055) |
|
Date: February 7th, 2016 2:32 AM Author: hilarious cordovan depressive has it been worth it? the hours and stress. sincere question. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771065) |
|
Date: February 7th, 2016 2:50 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771073) |
|
Date: February 7th, 2016 4:00 AM Author: Canary station trump supporter Take your own life (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771201) |
|
Date: February 7th, 2016 4:30 AM Author: Frisky cracking whorehouse twinkling uncleanness I only got another 40 or so years max, whats the rush? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771223) |
|
Date: February 7th, 2016 6:11 AM Author: hilarious cordovan depressive i take it you're not married, no serious girlfriend, and definitely don't have kids? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771266) |
|
Date: February 7th, 2016 6:12 AM Author: Frisky cracking whorehouse twinkling uncleanness Somewhat correct. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771267) |
|
Date: February 7th, 2016 11:16 AM Author: mint french principal's office lol (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771818) |
|
Date: February 7th, 2016 3:19 AM Author: Drab charismatic deer antler senate how much do you make
whats your net worth. got "fuck you" money yet? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771139) |
|
Date: February 7th, 2016 4:36 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771229) |
|
Date: February 7th, 2016 6:27 AM Author: Canary station trump supporter What kind of eye bulging, teeth grinding, facial twitching, mouth full of cum freak types shit like this? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771274) |
|
Date: February 7th, 2016 6:53 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771284) |
|
Date: February 7th, 2016 6:40 AM Author: Awkward Orange Idiot How much did being a junior suck (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771279) |
|
Date: February 7th, 2016 6:55 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771286) |
|
Date: February 7th, 2016 8:52 AM Author: Awkward Orange Idiot How do you know if you suck or if its just normal (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771368) |
|
Date: February 7th, 2016 9:20 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771397) |
|
Date: February 7th, 2016 7:09 AM Author: Excitant crotch are we entering or already in a recession? hong kong is faggot too humid (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771288) |
|
Date: February 7th, 2016 7:32 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771294) |
|
Date: February 7th, 2016 7:35 AM Author: Excitant crotch There's a ridiculous about of bad debt in EM (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771298) |
|
Date: February 7th, 2016 8:29 AM Author: Frisky cracking whorehouse twinkling uncleanness 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!! (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771342) |
|
Date: February 7th, 2016 8:35 AM Author: Excitant crotch Lots of firms are highly leveraged.
(https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771350) |
|
Date: February 7th, 2016 8:37 AM Author: Frisky cracking whorehouse twinkling uncleanness Tens of billions here, compared to trillions that were impacted during financial crisis. Incomparable. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771358) |
|
Date: February 7th, 2016 11:12 AM Author: Milky Out-of-control Stead Double Fault Do we know? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771800) |
|
Date: February 7th, 2016 11:47 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771960) |
|
Date: February 7th, 2016 11:50 AM Author: Trip Fighting Gas Station Rank the top 5 firms for mna (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29771977) |
|
Date: February 7th, 2016 12:00 PM Author: Frisky cracking whorehouse twinkling uncleanness In alphabetical order:
Cravath DPW Skadden Sullcrom STB Wachtell (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772018) |
|
Date: February 7th, 2016 12:06 PM Author: Trip Fighting Gas Station DPW vs Skadden negotiating against each other. Who wins for their client? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772062) |
|
Date: February 7th, 2016 12:40 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772288) |
|
Date: February 7th, 2016 1:10 PM Author: Canary station trump supporter Why skadden, faggot? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772432) |
|
Date: February 7th, 2016 1:24 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772503) |
|
Date: February 7th, 2016 1:22 PM Author: mauve learning disabled hominid If you had to choose another corp practice group, what would it be (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772490) |
|
Date: February 7th, 2016 1:27 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772520) |
|
Date: February 8th, 2016 2:24 AM Author: judgmental stage what's a BB M&A inhouse role? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778699) |
|
Date: February 8th, 2016 3:28 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778797) |
|
Date: February 8th, 2016 3:35 AM Author: judgmental stage so basically sitting in on meetings and afterwards translating the biz points to lawyer-speak? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778812) |
|
Date: February 8th, 2016 3:48 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778851) |
|
Date: February 7th, 2016 2:01 PM Author: Razzle-dazzle filthpig You sound asian (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772750) |
|
Date: February 8th, 2016 3:56 AM Author: Frisky cracking whorehouse twinkling uncleanness OK Professor Xavier. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778861) |
|
Date: February 7th, 2016 2:11 PM Author: vigorous point 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29772811) |
|
Date: February 8th, 2016 2:09 AM Author: Frisky cracking whorehouse twinkling uncleanness Its intense and not everyones cup of tea. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778658) |
|
Date: February 8th, 2016 2:40 AM Author: Histrionic Sickened Base What can I do to maximize my chances of PE exit ops? What classes should I take, which v5 firm + group, city, etc. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778728) |
|
Date: February 8th, 2016 3:31 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778804) |
|
Date: February 8th, 2016 3:37 AM Author: judgmental stage 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778814) |
|
Date: February 8th, 2016 3:50 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29778855) |
|
Date: February 8th, 2016 4:00 PM Author: Trip Fighting Gas Station have you considerd going in house (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781781) |
|
Date: February 9th, 2016 7:43 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786337) |
|
Date: February 9th, 2016 3:38 AM Author: Histrionic Sickened Base Thanks brother! Really appreciate the advice (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786041) |
|
Date: February 8th, 2016 4:09 PM Author: Peach tripping spot Are you Asian? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781855) |
|
Date: February 9th, 2016 7:52 AM Author: Frisky cracking whorehouse twinkling uncleanness Lets keep the discussion somewhat relevant shall we? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786352) |
|
Date: February 9th, 2016 6:31 PM Author: Peach tripping spot 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29790161) |
|
Date: February 10th, 2016 4:46 AM Author: Frisky cracking whorehouse twinkling uncleanness 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795404) |
|
Date: February 10th, 2016 10:20 AM Author: Peach tripping spot (Insecure Asian with a tiny penis) (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29796054) |
|
Date: February 10th, 2016 2:22 PM Author: Frisky cracking whorehouse twinkling uncleanness Oh hai Darnell. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29797320) |
|
Date: February 28th, 2016 9:33 PM Author: Peach tripping spot (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940161) |
|
Date: February 8th, 2016 4:12 PM Author: Cyan razzle church Distinguish v5 from v10 m&a. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29781879) |
|
Date: February 9th, 2016 7:41 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29786332) |
|
Date: February 9th, 2016 4:57 PM Author: Trip Fighting Gas Station Elite in terms of work product or prestige? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29789518) |
|
Date: February 10th, 2016 4:54 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29795411) |
|
Date: August 26th, 2017 1:49 PM Author: Fuchsia stirring lay puppy lol (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#34071940) |
|
Date: February 9th, 2016 1:58 PM Author: dashing mustard theater potus if you were forced to go SOLO tomorrow, would you make it? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788265) |
|
Date: February 9th, 2016 2:02 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29788286) |
|
Date: February 10th, 2016 2:57 PM Author: vigorous point Plenty of people spend the better part of a decade doing high-end M&A work at a top firm and then become litigators. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29797556) |
|
Date: February 11th, 2016 2:03 AM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29802109) |
|
Date: February 28th, 2016 9:46 PM Author: Motley goal in life clown 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940300) |
|
Date: February 11th, 2016 2:07 AM Author: lilac fragrant hospital 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? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29802124) |
|
Date: February 28th, 2016 9:16 PM Author: Arousing Hot Jew does it ever get you down that most M&A deals don't create value? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940005) |
|
Date: February 28th, 2016 9:27 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940124) |
|
Date: February 28th, 2016 9:30 PM Author: Twinkling Menage LOL! (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940147) |
|
Date: February 28th, 2016 9:35 PM Author: Arousing Hot Jew you really are a demented status obsessed little gook. almost none of that is inconsistent with my statement btw. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940177) |
|
Date: February 28th, 2016 9:37 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940190) |
|
Date: February 28th, 2016 9:42 PM Author: Arousing Hot Jew 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940238) |
|
Date: February 28th, 2016 9:47 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940310) |
|
Date: February 28th, 2016 9:52 PM Author: Arousing Hot Jew 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940359) |
|
Date: February 28th, 2016 9:57 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940398) |
|
Date: February 28th, 2016 10:00 PM Author: Arousing Hot Jew so, little man, not only are you a V5 superstar frat boy, you're also an authority on economic history. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940429) |
|
Date: February 28th, 2016 10:02 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940455) |
|
Date: February 28th, 2016 10:17 PM Author: Arousing Hot Jew 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940580) |
|
Date: February 28th, 2016 10:36 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940753) |
|
Date: March 4th, 2016 12:29 AM Author: Arousing Hot Jew 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29976357) |
|
Date: February 28th, 2016 9:38 PM Author: Sable Ticket Booth why do you think you just pick up tomorrow as a commercial litigator if need be? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940201) |
|
Date: February 28th, 2016 9:40 PM Author: Frisky cracking whorehouse twinkling uncleanness 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940217) |
|
Date: February 28th, 2016 9:44 PM Author: Sable Ticket Booth What company would hire you to file a complaint/defend a breach of contract claim? Would you be comfortable taking/defending depositions? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940270) |
|
Date: February 28th, 2016 9:48 PM Author: Frisky cracking whorehouse twinkling uncleanness 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.
(https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29940322) |
|
Date: March 4th, 2016 12:04 AM Author: comical tanning salon 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#29976135) |
|
Date: August 26th, 2017 1:46 PM Author: mauve learning disabled hominid (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#34071924) |
|
Date: April 5th, 2018 10:30 PM Author: aqua bawdyhouse BUMP. Where are you now? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775018) |
|
Date: April 5th, 2018 10:50 PM Author: Light Stimulating Meetinghouse Factory Reset Button (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775117) |
|
Date: April 5th, 2018 10:32 PM Author: Galvanic know-it-all brunch coldplay fan I remember OP being a huge cunt in some thread (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775025) |
|
Date: April 5th, 2018 10:33 PM Author: aqua bawdyhouse he kind of seems like a cunt in this one tbh (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775030) |
|
Solana HdCkeCbtRd5mwddmuuZPCbCjdpRWDeriZYAzWixg1dkC ₿ Bitcoin 3FyqsMaUNBTpopSbjZvW8D7rWvpmdzbzsP Ξ Ethereum
0xCE955F7F2A24fB8A7c3cd6F115F65E016c785EC8 Date: April 5th, 2018 10:44 PM Author: richard clock (ggtp) 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775085) |
|
Date: April 5th, 2018 10:45 PM Author: Diverse salmon box office lol (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775093) |
|
Date: April 5th, 2018 10:49 PM Author: Grizzly field fortuitous meteor i dont get it is this real or some redpill comics joke/reference (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775115) |
|
Solana HdCkeCbtRd5mwddmuuZPCbCjdpRWDeriZYAzWixg1dkC ₿ Bitcoin 3FyqsMaUNBTpopSbjZvW8D7rWvpmdzbzsP Ξ Ethereum
0xCE955F7F2A24fB8A7c3cd6F115F65E016c785EC8 Date: April 5th, 2018 10:52 PM Author: richard clock (ggtp) nah man this actually happened. everyone thought hypmaster was nyuug himself making shit up, but then he started running this 'v5 associate dickhead' shtick (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775140) |
|
Date: April 5th, 2018 10:54 PM Author: propecia mathematica (u$po) lmao bizarre (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775152) |
|
Date: April 5th, 2018 11:17 PM Author: aqua bawdyhouse what happened to him professionally I'm fascinated (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775340) |
|
Date: April 5th, 2018 10:48 PM Author: Silver temple masturbator 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. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775106) |
|
Date: April 5th, 2018 10:49 PM Author: Diverse salmon box office (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775113) |
|
Date: April 5th, 2018 10:54 PM Author: flesh quadroon hey faggot, i made more money than you last year smoking pot and trading crypto. kill yourself you self important lawyer faggot (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#35775161) |
|
Date: September 11th, 2018 3:06 AM Author: Frisky cracking whorehouse twinkling uncleanness How’s your crypto holding out? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785965) |
|
Solana HdCkeCbtRd5mwddmuuZPCbCjdpRWDeriZYAzWixg1dkC ₿ Bitcoin 3FyqsMaUNBTpopSbjZvW8D7rWvpmdzbzsP Ξ Ethereum
0xCE955F7F2A24fB8A7c3cd6F115F65E016c785EC8 Date: September 11th, 2018 1:04 AM Author: richard clock (ggtp) (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785679) |
|
Date: September 11th, 2018 3:10 AM Author: Frisky cracking whorehouse twinkling uncleanness 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.” (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36785971) |
|
Date: September 19th, 2018 12:22 AM Author: narrow-minded multi-colored step-uncle's house curious to hear backup plans (unless it's lateral to v50 and make partner). also, are you a 10th yr now? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36838043) |
|
Date: October 13th, 2018 12:49 PM Author: Ivory Fantasy-prone Corner What a tremendous waste of a life. This was depressing to read. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014198) |
|
Date: October 13th, 2018 12:50 PM Author: overrated wrinkle plaza Let us know when you get made OF COUNSEL.
How's the wife? (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014208) |
|
Date: September 19th, 2018 12:06 AM Author: walnut racy macaca (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36837988) |
|
Date: September 19th, 2018 12:19 AM Author: lascivious aquamarine crackhouse place of business what do you think about startup/VC corporate law as a practice vs. PE M&A vs public M&A?
(https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#36838031) |
|
Date: October 13th, 2018 2:13 AM Author: Turquoise Wild Kitty Cat Rehab This was interesting why all the hate (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37012807) |
|
Date: October 13th, 2018 2:18 AM Author: Silver temple masturbator Op is an insufferable fag (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37012832) |
|
Date: October 13th, 2018 12:42 PM Author: cocky titillating international law enforcement agency Yea but tbf this is typically the word view/attitude you need to have to be a big law corporate lifer (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014146) |
|
Date: October 13th, 2018 1:34 PM Author: Silver temple masturbator True but the hate is fully warranted (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37014409) |
|
Date: October 13th, 2018 8:59 PM Author: Turquoise Wild Kitty Cat Rehab 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 (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016682) |
|
Date: October 13th, 2018 9:00 PM Author: Silver temple masturbator No, he’s a dick to other posters here. Fuck him. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37016687) |
|
Date: November 20th, 2018 12:09 AM Author: mauve learning disabled hominid (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268005) |
|
Date: November 20th, 2018 12:10 AM Author: Cyan razzle church Compare/contrast to V7 and V10 M&A (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268009) |
|
Date: November 20th, 2018 12:11 AM Author: Frisky cracking whorehouse twinkling uncleanness Outside of WLRK/S&C I see no discernible difference between the V10. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268023) |
|
Date: November 20th, 2018 12:10 AM Author: nyuug (×× ×™ ×והבת ×ת הזין הקורי×× ×™ שלך - u mad?) sup NYUUG. (https://autoadmit.com/thread.php?thread_id=3120329&forum_id=2#37268012) |