V10 Rumor
Posted: Sat Sep 15, 2012 2:21 pm
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...
Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=23&t=193983
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.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...
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.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.
Read the last sentence in the quoted part in this post: http://www.top-law-schools.com/forums/v ... 7#p5881614Anonymous User wrote: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.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.
Read the post at above the law. http://abovethelaw.com/2012/08/some-com ... -traurigs/anon168 wrote:Read the last sentence in the quoted part in this post: http://www.top-law-schools.com/forums/v ... 7#p5881614Anonymous User wrote: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.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.
General warning: posts like the above have no reason for anonymity. Please review the rules for Anonymous Posting, at the top of the page.Anonymous User wrote:bumper
If this person is the OP wouldn't that just out him?nygrrrl wrote:General warning: posts like the above have no reason for anonymity. Please review the rules for Anonymous Posting, at the top of the page.Anonymous User wrote:bumper
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.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 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 termAnonymous User wrote: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.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?
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?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.
Desert Fox wrote:Eh, Latham is v10, but it's not V10 V10.
Can you elaborate on what you know please? I heard they were actually fairly busy this summer.lawloser22 wrote:Latham? Can speak to ny office
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.ben4847 wrote: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?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.
anon168 wrote: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.ben4847 wrote: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?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.
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.