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It's looking like Foley is going to merge with another firm. How do things like this usually impact incoming associates and summer associates?

Are you an incoming Foley associate? It shouldn't really change things for you at all. Just more offices and oil and gas work. Gardere is adjusting hours reqs/comp/benefits/etc to join Foley.

Yes, incoming associate. Is something like this usually a good sign showing firm financials are doing well or the opposite?