ExAnt3 wrote:People are critical because you
come off like are an asshole when you say things like
Of all the fora on this site to brag about your foresight (read: good luck), this is not it. The fact is Dewey was crushing it coming out of the technical recession, ranking no. 7 in the US M&A league tables (behind only Skadden, S&C, CSGH, Latham, STB and WLRK) and no. 9 in the world. This was three years after
the merger; the combined firm had problems at first, but by all accounts integration had been achieved by 2010. Indeed, the 2007 merger is not what created these problems: it was their aggressive over-expansion over the past two years during which they guaranteed partners' salaries before ensuring they would gain their books of business.
Also, their private placement in 2010 was not regarded as a sign of poor financial health - just a novel alternative to a revolving line of credit (http://lawshucks.com/2010/04/dewey-floats-notes/
). If anything, it was Dewey flexing its muscles, because institutional investors demand stronger balance sheets and income statements for a PP than a bank does for a revolving line of credit (http://www.bloomberg.com/news/2010-04-1 ... pital.html
The partner defections didn't begin until January, and eight months ago when you were doing OCI Dewey was rocking and rolling. So an associate made a comment during an interview and you chose another firm. Fine. Just don't chalk it up to your "due diligence."