Date: November 2nd, 2019 2:48 AM Author: sable costumed institution
In response to someone who is not in the office at 10pm on a Friday night, this is how a biglaw senior associate would handle it:
Date: July 30th, 2017 12:05 PM
Author: DevryMastersCandidate
If you were my junior I would just tell every partner I know that you're a lazy unreliable piece of shit with questionable work ethic and poor work quality behind your back and suggest staffing someone else on our deals. I would smile and be super friendly to you every day. You'd be out of a job within a year and you would have no idea why.
Date: November 2nd, 2019 10:25 AM Author: pink travel guidebook
Date: November 1st, 2019 2:48 AM
Author: DevryMastersCandidate
Except they don't.
You give them an SPA to markup by tomorrow, and so they'll read through clauses like the indemnification clause and not even think to consider enforceability under the governing law.
I've worked with many midlevels and I've never gotten a markup back where they've identified a valid enforceability concern (other than the really basic stuff like non-solicits or termination fees). They'll markup a Delaware document like a New York deal, or a New York document like a Delaware deal.
Now if you pose the question like a quiz format, i.e., "is this enforceable" then they'll probably be able to do some quick research and come back with an answer, but that's completely different from being able to know that this is an issue and have the answer ready during face to face negotiations where you cannot say "let me get back to you."
To give you another example - let's say I've proposed a 50% indemnity cap on a New York governed law document. You think it's high. How are you going to push back? Say "it's not market practice?" Lol I will run a train through you if you say that. "Sell me on why you think 5% is more appropriate than 10% or 20% or 50% i.e., how you're not just picking an arbitrary number, go." Watches you flail in front of your client like an idiot
Date: November 2nd, 2019 4:21 PM Author: pink travel guidebook
Date: February 7th, 2016 11:04 AM
Author: DevryMastersCandidate
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.
Date: March 14th, 2022 8:45 AM Author: house-broken indecent theater stage
Date: March 14th, 2022 5:58 AM
Author: DevryMastersCandidate
LJL. I was at Ft. Benning when the 3rd Ranger Battalion returned from Anaconda. Everyone was in awe of them since they were one of the few guys with CIBs and combat patches at the time. But even they were pissed AF at that clusterfuck of an operation.
Date: March 14th, 2022 10:32 AM Author: Impressive Black Crackhouse
he's a v10 partner (or former v10, maybe he's at a v50 now) who embodies every terrible biglaw stereotype in existence. his parents apparently own a drycleaner shop, or a chain of them, and are apparently koren royalty.
he hung out with nyuug and poasted here that nyuug is a total player who smashes pussy on the reg. that should tell you something.
In his defense, he also testified that nyuug texts like a girl (in a language where gender tones are very pronounced) and can't read korean at a college level.