Top-Law-Schools.comTLS
Home
Law School
Admissions
Law
Schools
Law
Students
TLS
Forums
 
Forum Index     Latest Posts     Forum Search     Mobile (on/off)     See Also: Rankings/Profiles   Interviews   LSAT Prep   TLS Stats


All times are UTC - 5 hours [ DST ]



Forum rules


Anonymous Posting

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.

Failure to follow these rules will get you outed, warned, or banned.



Post new topic Anonymous post new topic Reply to topic Anonymous reply to topic   [ 41 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: V10 Rumor
PostPosted: Sat Sep 15, 2012 2:21 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
Does anyone know anything about rumors that a v10 firm is preparing for a capital call? Have cb there next week. Don't want to mention firm name, but I think it may be obvious...


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 2:26 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
Anonymous User wrote:
Does anyone know anything about rumors that a v10 firm is preparing for a capital call? Have cb there next week. Don't want to mention firm name, but I think it may be obvious...


You are anonymous so unless you are someone who somehow has secret inside information, just say the firm name and it will never be able to be traced back to you.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 2:32 pm 
Offline
User avatar

Joined: Wed Sep 30, 2009 5:10 pm
Posts: 1537
Yeah, really, it is impossible to advise you without knowing what you are talking about. You are not the only person going on a CB there next week.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 2:48 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 2:56 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
bumper


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 3:17 pm 
Offline

Joined: Mon Jul 02, 2012 10:36 pm
Posts: 906
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 3:25 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
Which firm is it?


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 3:33 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Firms do NOT routinely have capital calls. Your statement of Esp to attract laterals makes no sense. How is asking other partners for money back going to attract laterals? Laterals would be concerned if they needed a capital call to pay laterals. Your statement is so wrong I can't even fathom how you think it's correct.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 3:46 pm 
Offline

Joined: Mon Jul 02, 2012 10:36 pm
Posts: 906
Anonymous User wrote:
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Firms do NOT routinely have capital calls. Your statement of Esp to attract laterals makes no sense. How is asking other partners for money back going to attract laterals? Laterals would be concerned if they needed a capital call to pay laterals. Your statement is so wrong I can't even fathom how you think it's correct.


Read the last sentence in the quoted part in this post: viewtopic.php?f=23&t=193957#p5881614


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 4:28 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
anon168 wrote:
Anonymous User wrote:
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Firms do NOT routinely have capital calls. Your statement of Esp to attract laterals makes no sense. How is asking other partners for money back going to attract laterals? Laterals would be concerned if they needed a capital call to pay laterals. Your statement is so wrong I can't even fathom how you think it's correct.


Read the last sentence in the quoted part in this post: viewtopic.php?f=23&t=193957#p5881614


Read the post at above the law. http://abovethelaw.com/2012/08/some-com ... -traurigs/


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 4:32 pm 
Offline
User avatar

Joined: Wed Sep 30, 2009 1:01 am
Posts: 6763
Anonymous User wrote:
bumper


General warning: posts like the above have no reason for anonymity. Please review the rules for Anonymous Posting, at the top of the page.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 7:03 pm 
Offline
User avatar

Joined: Mon Sep 12, 2011 11:15 pm
Posts: 3807
nygrrrl wrote:
Anonymous User wrote:
bumper


General warning: posts like the above have no reason for anonymity. Please review the rules for Anonymous Posting, at the top of the page.


If this person is the OP wouldn't that just out him?


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 7:05 pm 
Offline

Joined: Sun Jan 16, 2011 12:18 am
Posts: 244
Latham? Can speak to ny office


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 7:46 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
If it is Latham, anecdotally from lawyers in the Houston area, I've heard that they threw so much money to attract partners from V&E, Bracewell, BB, etc that--even though Latham Houston is 1 or 2 in terms of dealflow--Latham is losing money on the office. Of course, take this with a grain of salt. But I've heard that from multiple lawyers and multiple offices. Their opinion might be tainted with loss of business, though?


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 7:56 pm 
Offline
User avatar

Joined: Fri Jan 08, 2010 3:50 am
Posts: 3810
If you can get a job at Latham, you can get a job at somewhere better.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 8:02 pm 
Offline

Joined: Thu Jul 19, 2012 1:51 pm
Posts: 16
Clearly people do not know what firm you are talking about, even if you think it's obvious. You might as well give the firm name if you want some answers.

You need to consider the source as well. Who did you hear this "rumor" from? Someone who works for the firm? A partner at a different firm? Rumors float around all the time that have absolutely no validity.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 8:10 pm 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
Anonymous User wrote:
If it is Latham, anecdotally from lawyers in the Houston area, I've heard that they threw so much money to attract partners from V&E, Bracewell, BB, etc that--even though Latham Houston is 1 or 2 in terms of dealflow--Latham is losing money on the office. Of course, take this with a grain of salt. But I've heard that from multiple lawyers and multiple offices. Their opinion might be tainted with loss of business, though?


I can't speak for the cost of the partners. However their Houston physical offices is enough to cause a need. Good god. The best floors in the new Hess building on Main and it is decorated to the T. I'm willing to say it is the best Houston big law offices.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sat Sep 15, 2012 11:42 pm 
Offline

Joined: Sat Mar 20, 2010 9:39 pm
Posts: 29
http://www.xoxohth.com/thread.php?threa ... 2#21586822


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 12:24 am 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
Anonymous User wrote:
Anonymous User wrote:
If it is Latham, anecdotally from lawyers in the Houston area, I've heard that they threw so much money to attract partners from V&E, Bracewell, BB, etc that--even though Latham Houston is 1 or 2 in terms of dealflow--Latham is losing money on the office. Of course, take this with a grain of salt. But I've heard that from multiple lawyers and multiple offices. Their opinion might be tainted with loss of business, though?


I can't speak for the cost of the partners. However their Houston physical offices is enough to cause a need. Good god. The best floors in the new Hess building on Main and it is decorated to the T. I'm willing to say it is the best Houston big law offices.


I have been to nearly every biglaw office in Houston and can without a doubt agree. No way the money they spent on that and the lawyers is sustainable long term


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 12:25 am 
Offline
User avatar

Joined: Mon Nov 07, 2011 11:38 pm
Posts: 1343
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Why would they do it annually? That would amount to the same thing as just having a smaller distribution, so why call it a distribution and then claw it back?


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 12:28 am 
Offline
User avatar

Joined: Tue Dec 15, 2009 2:56 pm
Posts: 1820
Desert Fox wrote:
Eh, Latham is v10, but it's not V10 V10.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 12:28 am 
Offline

Joined: Tue Aug 11, 2009 9:32 am
Posts: 189998
lawloser22 wrote:
Latham? Can speak to ny office


Can you elaborate on what you know please? I heard they were actually fairly busy this summer.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 12:32 am 
Offline

Joined: Mon Jul 02, 2012 10:36 pm
Posts: 906
ben4847 wrote:
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Why would they do it annually? That would amount to the same thing as just having a smaller distribution, so why call it a distribution and then claw it back?


It's just a different business model. It's like the firm giving you a tax-free loan. And sometimes it's just difficult to budget for cash flow over a 12-month period. That's why firms have revolving lines of credit. I don't run firms, but those are some of the reasons that I've been told by numerous sources.

I have no horse in this race. It's just from what I understand, capital calls are not the tell-tale sign of a firm going supernova as some here would have you believe.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 1:07 am 
Offline
User avatar

Joined: Mon Nov 07, 2011 11:38 pm
Posts: 1343
anon168 wrote:
ben4847 wrote:
anon168 wrote:
Firms routinely have capital calls. That's not really news. Some do it annually, in fact.

ITE more and more are doing it routinely, esp. to attract laterals.


Why would they do it annually? That would amount to the same thing as just having a smaller distribution, so why call it a distribution and then claw it back?


It's just a different business model. It's like the firm giving you a tax-free loan. And sometimes it's just difficult to budget for cash flow over a 12-month period. That's why firms have revolving lines of credit. I don't run firms, but those are some of the reasons that I've been told by numerous sources.

I have no horse in this race. It's just from what I understand, capital calls are not the tell-tale sign of a firm going supernova as some here would have you believe.



I have a mule in this race.

That still seems pretty bizarre to me, unless it is not really a capital call and is really an adjustment to the draw down. (That is to say, not taking back money that was part of a distribution, but taking back money which was lent in the draw down).

Also, ATL seemed to think it was a pretty big deal a few weeks ago when whatever that firm was did a capital call.


Top
 Profile  
 
 Post subject: Re: V10 Rumor
PostPosted: Sun Sep 16, 2012 2:17 am 
Offline
User avatar

Joined: Wed Oct 14, 2009 10:47 pm
Posts: 29366
Location: Suck my she-balls 0Ls
A v10 isn't the NSA. You can post the fucking rumor here.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Anonymous post new topic Reply to topic Anonymous reply to topic   [ 41 posts ]  Go to page 1, 2  Next

All times are UTC - 5 hours [ DST ]


Who is online

The online users are hidden on this forum.



Search for:
Jump to:  
Login     TLS home     TLS forums     TLS wiki     Terms of Service     Privacy Policy     Copyright Policy     Contact     powered by phpBB