V10 Rumor Forum
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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.
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V10 Rumor
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...
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Re: V10 Rumor
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...
- somewhatwayward
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Re: V10 Rumor
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.
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Re: V10 Rumor
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.
ITE more and more are doing it routinely, esp. to attract laterals.
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Re: V10 Rumor
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.
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Re: V10 Rumor
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.
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Re: V10 Rumor
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.
- nygrrrl
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Re: V10 Rumor
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
- ph14
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Re: V10 Rumor
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
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Re: V10 Rumor
Latham? Can speak to ny office
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Re: V10 Rumor
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?
- Veyron
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Re: V10 Rumor
If you can get a job at Latham, you can get a job at somewhere better.
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Re: V10 Rumor
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.
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.
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Re: V10 Rumor
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?
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Re: V10 Rumor
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?
- ben4847
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Re: V10 Rumor
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.
- JusticeHarlan
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Re: V10 Rumor
Desert Fox wrote:Eh, Latham is v10, but it's not V10 V10.
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Re: V10 Rumor
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
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Re: V10 Rumor
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.
- ben4847
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Re: V10 Rumor
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.
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.
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Re: V10 Rumor
A v10 isn't the NSA. You can post the fucking rumor here.
Seriously? What are you waiting for?
Now there's a charge.
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