M&A slowdown Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
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Anonymous User
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- Joined: Tue Aug 11, 2009 9:32 am
M&A slowdown
Has M&A been slower this year? In a specialist group that largely does M&A support, and my hours have been dismal this summer. I am often billing 2-4 hour days, and my deals have been going nowhere. Wondering if it's me or it's just the market...
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Anonymous User
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- Joined: Tue Aug 11, 2009 9:32 am
Re: M&A slowdown
Also in a specialist group that supports M&A, and the deal flow is definitely lighter but I can't remember if it's really that different from summer 2019 or 2018. I feel like things are usually pretty slow in August.
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Anonymous User
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Re: M&A slowdown
M&A support group, and I've had no problem getting a consistent 150-170 hours a month. The deal flow seems lighter, but it just seems like normal pre-COVID times, imo.
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Anonymous User
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Re: M&A slowdown
Yup for sure. Also billing 2-4 hour days in a M&A specialist group. Just trying to enjoy while it lasts!
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Anonymous User
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Re: M&A slowdown
It's the market. I'm at a V5 in M&A and I'm in danger of not hitting my annual hour target. I only billed 50 hours for August. I'm staffed on four deals right now and they're all stalled. My staffer told me that a very high number of deals are dying or moving slowly and recommended that I take a fifth deal on. You're not alone.
And if you're in capital markets, it's way worse. See WSJ article from Aug. 22: https://www.wsj.com/articles/ipo-market ... 1661181427
It'll come back though. Enjoy it while it lasts.
And if you're in capital markets, it's way worse. See WSJ article from Aug. 22: https://www.wsj.com/articles/ipo-market ... 1661181427
It'll come back though. Enjoy it while it lasts.
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Anonymous User
- Posts: 432631
- Joined: Tue Aug 11, 2009 9:32 am
Re: M&A slowdown
They're trying to freeze you out and use low hours as a pretext to stealth you.
Quick, lateral to Kirkland!
Quick, lateral to Kirkland!
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Res Ipsa Loquitter
- Posts: 489
- Joined: Thu Aug 08, 2019 7:07 pm
Re: M&A slowdown
In the long run you can’t stay in biglaw billing 2-4 hours days BUT the “long run” is typically longer than most on this forum claim. Market has been slow for M&A for most of this year.
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Excellent117
- Posts: 429
- Joined: Fri Dec 23, 2011 4:44 pm
Re: M&A slowdown
The market from late 2020 through early 2022 was not normal and not sustainable. If that's your frame of reference, it will definitely seem much slower.
