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Rahviveh · Post by **Rahviveh** » Tue Jun 23, 2015 8:57 pm

sinfiery wrote:
Rahviveh wrote: Seriously. Just lol at east coast weather
NYC summer nights have been basically perfect 80% of the time

worth the rest of the year

Have you ever left nyc?

FSK · Post by **FSK** » Tue Jun 23, 2015 9:08 pm

Nonono, you all don't understand how stupid I am. I go to GW. I chose to stay in this shit swamp.

skers · Post by **skers** » Tue Jun 23, 2015 9:13 pm

Anonymous User wrote:How much worse is doc review than diligence.

Came in only wanting corp. Hating it more and more each day, lost all interest in deals. I love research and writing, but I heard doc review is literal hell and lit exits are awful.

Advice?

I mean if you actually like research and writing (which is the worst) maybe do restructuring?

Anonymous User · Post by **Anonymous User** » Tue Jun 23, 2015 9:21 pm

Yeah just yesterday an associate recommended I look into bk. Heard it's slow right now but maybe worth a look.

Anonymous User · Post by **Anonymous User** » Tue Jun 23, 2015 9:23 pm

Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.

FSK · Post by **FSK** » Tue Jun 23, 2015 9:31 pm

Anonymous User wrote:Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.

I hear banks foreclose on loans sometimes.

Anonymous User · Post by **Anonymous User** » Tue Jun 23, 2015 9:33 pm

Im working in-house at one of the big banks and there's definitely a team of in-house bk lawyers
but the senior counsel i've been assigned to (who works in the bk/asset recovery dept) has told me the market's pretty piss poor for bk lawyers right now

Monochromatic Oeuvre · Post by **Monochromatic Oeuvre** » Tue Jun 23, 2015 9:54 pm

Anonymous User wrote:Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.

FWIW that was all that CIT, WaMu, MF, Thornburg, GM, Chrysler et. al did for several years. The Lehman bankruptcy lawyers hired in 2008 actually turned out to get basically ten-year gigs.

FSK · Post by **FSK** » Tue Jun 23, 2015 9:57 pm

Monochromatic Oeuvre wrote:
Anonymous User wrote:Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.
FWIW that was all that CIT, WaMu, MF, Thornburg, GM, Chrysler et. al did for several years. The Lehman bankruptcy lawyers hired in 2008 actually turned out to get basically ten-year gigs.

They're still having hearings on that. But, it was the biggest chapter 11 ever...

skers · Post by **skers** » Tue Jun 23, 2015 11:40 pm

Anonymous User wrote:Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.

Can't speak specifically to it, but I've hard they're pretty favorable, especially from the top bk feeders. I think the takeaway is just that lit is shit. My summer class actually had outside firms wooing the restructuring summers a couple weeks in and one dude used just the summer to just springboard into distressed financing at a very solid i-bank out of law school (w/o the mba).

Desert Fox · Post by **Desert Fox** » Tue Jun 23, 2015 11:53 pm

fobstory.jpeg

El Pollito · Post by **El Pollito** » Wed Jun 24, 2015 1:37 am

skers wrote:
Anonymous User wrote:Also, anyone know if bk exits are decent? Hard to imagine many companies wanting to bring bk lawyer in house.
Can't speak specifically to it, but I've hard they're pretty favorable, especially from the top bk feeders. I think the takeaway is just that lit is shit. My summer class actually had outside firms wooing the restructuring summers a couple weeks in and one dude used just the summer to just springboard into distressed financing at a very solid i-bank out of law school (w/o the mba).

There should really be a don't do shitigation PSA.

hdunlop · Post by **hdunlop** » Wed Jun 24, 2015 3:27 am

Bad news is you need an epic bubble to burst

Good news is threres a couple growing

TLSModBot · Post by **TLSModBot** » Wed Jun 24, 2015 6:31 am

I've heard your exits from TLS are great if you do bk work.

Anonymous User · Post by **Anonymous User** » Wed Jun 24, 2015 10:05 am

If they paid to get us to the firm, is assumed they will pay to get us back to school or should I start planning that?

Anonymous User · Post by **Anonymous User** » Wed Jun 24, 2015 7:33 pm

So someone spill the beans on the Latham SA who got fired.

(Allegedly, etc.)

Anonymous User · Post by **Anonymous User** » Wed Jun 24, 2015 8:04 pm

Anonymous User wrote:So someone spill the beans on the Latham SA who got fired.

(Allegedly, etc.)

Damn. where did you hear this? Also what office?

Anonymous User · Post by **Anonymous User** » Wed Jun 24, 2015 8:32 pm

Anonymous User wrote:
Anonymous User wrote:So someone spill the beans on the Latham SA who got fired.

(Allegedly, etc.)
Damn. where did you hear this? Also what office?

Also the Skadden summer who had an offer revoked right before summer started. Anyone?

Anonymous User · Post by **Anonymous User** » Wed Jun 24, 2015 8:36 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:So someone spill the beans on the Latham SA who got fired.

(Allegedly, etc.)
Damn. where did you hear this? Also what office?
Also the Skadden summer who had an offer revoked right before summer started. Anyone?

NY?

FSK · Post by **FSK** » Wed Jun 24, 2015 8:56 pm

Today:

Me: Sends email w/research to associate, cc partner per request.
Partner: reply all, asks follow question I have answer to
Me: reply with answer
Partner: That was directed at associate. You are wrong.

.........

Robb · Post by **Robb** » Wed Jun 24, 2015 9:41 pm

Anonymous User wrote:If they paid to get us to the firm, is assumed they will pay to get us back to school or should I start planning that?

I wouldn't say it's assumed, but my firm does both. Do you have a secretary or assistant who does reimbursements for you? You should ask them if your travel home will be reimbursed.

Rahviveh · Post by **Rahviveh** » Wed Jun 24, 2015 11:11 pm

flawschoolkid wrote:Today:

Me: Sends email w/research to associate, cc partner per request.
Partner: reply all, asks follow question I have answer to
Me: reply with answer
Partner: That was directed at associate. You are wrong.

.........

TBF, I think the safe thing is just to assume or let the associate handle it unless you are directly called on. I don't think the partners put much thought into replying to emails or care if a summer is on the chain

FSK · Post by **FSK** » Wed Jun 24, 2015 11:14 pm

You're probably right. This shit is typical of the group I'm in though. I can see it across all associates and staff. Todays just another day where it's frustrating enough to need to vent.

Anonymous User · Post by **Anonymous User** » Thu Jun 25, 2015 11:10 am

What's the story on the Latham SA?

Anonymous User · Post by **Anonymous User** » Thu Jun 25, 2015 11:20 am

Anonymous User wrote:What's the story on the Latham SA?

I suspect this is flame/false rumor.

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