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PSA: M&A Deal Flow Down 25%
Poast new message in this thread
Date: June 22nd, 2012 9:16 PM Author: doobsian judgmental sandwich http://m.cnbc.com/id/47913343
OCI 2008 again? |
Date: June 22nd, 2012 9:21 PM Author: doobsian judgmental sandwich (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938421) |
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Date: June 22nd, 2012 9:24 PM Author: insecure mexican there is only one indicator that matters: the rate of BOOKED CONFERENCE ROOMS. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938443) |
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Date: June 22nd, 2012 9:26 PM Author: cerebral brass genital piercing v20 firm, nyc. office is DEAD. seriously afraid of layoffs again. fuck the euros fuck them hard. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938453) |
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Date: June 22nd, 2012 9:27 PM Author: insecure mexican why did your firm choose to rely so much on work that was contingent upon the health of the eurozone? sounds like a foolhardy plan to be honest. is there not a backup plan? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938456) |
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Date: June 22nd, 2012 9:33 PM Author: cerebral brass genital piercing because the partners are faggots who were jizzing all over themselves in Q1 2011 that the worst was over and it was recovery time, and so expanded with laterals and were generally just dumb greedy boomer fucks. now we are overstaffed and top heavy and the work just inst there. whats worse is that with euro crisis continuing, we have our own debt ceiling crisis/bush tax cut/sequestration thing coming up and that scares me. I think if europe doesnt explode, we can limp along without layoffs until after the election, but if we fail on our debt ceiling and tax cut showdown, I think that could be the final straw and there could be real layoffs again.
fuck. |
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Date: June 22nd, 2012 9:40 PM Author: Glittery personal credit line location please out firm, or at least be more specific within v20 (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938522) |
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Date: June 22nd, 2012 9:48 PM Author: cerebral brass genital piercing its a usual suspect known well for layoff pwning associates. we also have not to my knowledge let our incoming associates know when their start dates will be. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938572) |
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Date: June 22nd, 2012 10:04 PM Author: Glittery personal credit line location (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938669) |
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Date: June 22nd, 2012 10:16 PM Author: cerebral brass genital piercing you starting at latham bro? if so, I assume you've heard nothing re start dates? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938789) |
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Date: June 22nd, 2012 10:23 PM Author: Glittery personal credit line location (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938871) |
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Date: June 22nd, 2012 10:32 PM Author: cerebral brass genital piercing whats the point? no one will hire you breh. just study for dat bar and hope things work out. my guess is that the firm is gonna give you doods optional deferrals and hope a bunch of you guys take em. they wont revoke though, thats too cruel. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938921) |
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Date: June 22nd, 2012 9:42 PM Author: insecure mexican well, i'm sure you've got a thick "portable book of business" and can land somewhere better. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938534) |
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Date: June 22nd, 2012 9:43 PM Author: Wine Queen Of The Night Fanboi just enjoy yourself (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938540) |
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Date: June 22nd, 2012 9:48 PM Author: cerebral brass genital piercing cant bro. terrified of jerb loss and 150k debt. my grades are SPS too, like bottom third. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938565) |
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Date: June 25th, 2012 4:53 PM Author: Stirring church how the mother fuck did you get Latham with those grades? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20955633) |
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Date: June 25th, 2012 6:05 PM Author: cerebral brass genital piercing 1L is all that matters breh (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20956054) |
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Date: June 23rd, 2012 3:08 PM Author: razzle-dazzle area private investor everything has to do with the health of the eurozone. as long as there is uncertainty anywhere, people are going to hold off on big deals, even if their business has nothing to do with europe (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942149) |
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Date: June 22nd, 2012 9:29 PM Author: doobsian judgmental sandwich I'm 2 months away from dropping 240k at NYU. NOT flame. Can imigur seat deposit. Should I defer a year? I'm gonna go for sure (gotta chase DAT prestige and 160k) but should I wait it out a year at my 50k 9-5 and see what happens with this Euromess? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938465) |
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Date: June 22nd, 2012 9:34 PM Author: cerebral brass genital piercing brother, in all seriousness, 240k is not worth a 160k jerb, even if that jerb is 100% guaranteed. just do the fucking math brother.
as for holding out, honestly I would. who knows where this all shakes out, it could take years, and biglaw will be raped, again. |
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Date: June 22nd, 2012 9:36 PM Author: doobsian judgmental sandwich Fuarrrrrrkkkk. I just don't want to toil away in my 20s for a 50k 9-5. Would rather strive and IBR if I fail. But I could defer --> teach English in Europe (ironic b/c riding out the Euromess would be the reason I'd be deferring) but still! What todo? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938504) |
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Date: June 22nd, 2012 9:50 PM Author: cerebral brass genital piercing brother, just do the MATH. even if you win with 80% placement, you are still fucked. 240k will take like 6 years of biglaw to pay off. if you're lucky, you'll be back at 0.
find something else to do with your life brother, but LS is not the answer. seriously.
go teach english in asia brother. |
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Date: June 22nd, 2012 10:18 PM Author: excitant sex offender antidepressant drug protip: you won't last 6 years (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938812) |
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Date: June 22nd, 2012 10:44 PM Author: Very Tactful Gunner Temple Tcr. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939002) |
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Date: June 22nd, 2012 10:51 PM Author: Aromatic house factory reset button It's really not that hard to last that long if it's what you want to do. Just don't be a dumb. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939033) |
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Date: June 23rd, 2012 2:03 PM Author: Big-titted Curious Step-uncle's House But that's the rub. Very few people have the endurance to last that long, since it is not what they want to do.
There's a misconception that "lasting that long" means avoid getting shitcanned. Firms don't need to fire you - you'll likely have a change of heart before they need to. |
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Date: June 23rd, 2012 9:30 PM Author: Bronze zombie-like new version Most people quit within 3 years, even though they go in thinking they will last.
And you do realize your 240k tuition will be 270k-280k with interest by the time you get out. If you do NY biglaw and want to save any modicum of money, that means youre living in a small one room eating ramen just to pay off your loans. And by the time you quit biglaw you will still have over 150k in loans.
I can't believe people are STILL thinking about taking full loans to go to law school. I mean, seriously? How many times do we need to warn you? |
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Date: June 22nd, 2012 9:35 PM Author: Wine Queen Of The Night Fanboi dear god don't do this.... (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938502) |
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Date: June 22nd, 2012 9:38 PM Author: doobsian judgmental sandwich Dude. I want not to do this but i feel like if I don't strive I'll regret myself and be settling. And I worked my ass off to even get in. Any Fall 2011 EIW had like an 80% placement. And my 50k jerb is boring as fuark and I don't like the industry but only have a dime a dozen BIGSTATEU polysci BA (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938511) |
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Date: June 22nd, 2012 9:40 PM Author: Wine Queen Of The Night Fanboi go to bschool (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938527) |
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Date: June 22nd, 2012 9:50 PM Author: cerebral brass genital piercing this is only a VERY slightly less bad idea, unless he can go m7 -> MBB. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938583) |
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Date: June 22nd, 2012 9:59 PM Author: Hateful apoplectic tanning salon (160k in debt for an 80K jerb) (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938626) |
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Date: June 23rd, 2012 3:10 PM Author: razzle-dazzle area private investor go study geology in an oil state. stop being a faggot. law is dead and doesnt even count as striving. strivers dont even go to law anymore dumbass (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942162) |
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Date: June 23rd, 2012 3:15 PM Author: Primrose parlor chad STFU ok? most people hate their jerbs. most people have hated their jerbs for the entire span of human history. 50K with no SL debt puts you easily in the top quintile of are generation and probably above median of are country. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942196) |
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Date: June 23rd, 2012 9:31 PM Author: Bronze zombie-like new version Don't be fucking stupid. If its 240k for tuition and COL, it will be 270-280k by the time you get out. And then it will be even higher by the time you start working, if you even get biglaw. Once you get biglaw you will burn out within 3 years, and leave with 150k loans and little savings. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20944732) |
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Date: June 22nd, 2012 9:54 PM Author: excitant sex offender antidepressant drug holy shit listen to me very carefully: DO NOT DO THIS. this will be the worst mistake you will ever make in your life. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938601) |
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Date: June 23rd, 2012 9:33 PM Author: Bronze zombie-like new version I know right. 0Ls are so annoying. Your tuition is ridiculous if its 240k. You will be in at least 280k debt when you start paying it off. Again, dont be so fucking stupid. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20944740) |
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Date: June 23rd, 2012 3:09 PM Author: razzle-dazzle area private investor fukn idiot... we all told you in your other thread not to go to law school. this is SIMPLE MATHEMATICAL EQUATION you dumb stupid fuck (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942155) |
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Date: June 23rd, 2012 9:46 PM Author: disgusting grizzly stain He is a poli sci shithead, let him fail. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20944803) |
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Date: June 23rd, 2012 9:49 PM Author: Out-of-control supple messiness feces 1. Call Fordham, obtain full ride, take it. 2. Transfer to NYU after 1 year. They will take you because their class this year is smaller to protect numbers. 3. You've just saved 1/3 of tuition. |
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Date: June 23rd, 2012 10:03 PM Author: wild pale corn cake This is credited. If you do shitty at Fordham you should just quit and not worry, you would have done shitty at NYU anyway (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20944932) |
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Date: June 23rd, 2012 3:07 PM Author: razzle-dazzle area private investor lol euros didnt load up on debt until after we (USA) destroyed the world economy. thanks hank paulson, faggot (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942143) |
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Date: June 22nd, 2012 10:18 PM Author: Stimulating disturbing address M&A is dead. The next apocaplsyse is coming. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938815) |
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Date: June 22nd, 2012 10:41 PM Author: Aromatic house factory reset button Yet finance is jamming right now. Everyone I know is getting getting crushed. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938986) |
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Date: June 22nd, 2012 10:43 PM Author: Very Tactful Gunner Temple Yeah, because they just had huge layoffs. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20938998) |
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Date: June 22nd, 2012 10:44 PM Author: Aromatic house factory reset button Finance departments at law firms, not banks. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939004) |
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Date: June 22nd, 2012 11:30 PM Author: Hateful apoplectic tanning salon Banks are slashing compensation and jobs. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939299) |
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Date: June 23rd, 2012 1:46 PM Author: Aromatic house factory reset button What does this have to do with my post? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20941823) |
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Date: June 22nd, 2012 10:46 PM Author: Heady School nyc v10 corporate isn't crushed but there's plenty of work. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939010) |
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Date: June 23rd, 2012 12:16 AM Author: pearl alcoholic property I assume it's because credit markets are freezing up again wrt Europe? (non-biglaw non-M&A-mfe) (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20939558) |
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Date: June 23rd, 2012 1:21 AM Author: lascivious lavender nursing home bbw credit markets in euro are locked, so euro firms come here looking for credit. demand goes up.
same time over here, you have net outflow (more investors pulling out cash than putting in), so debt capital supply becomes limited.
result: debt-driven m&a goes down. investment grade should be fine, but there just isn't much room for anything junky atm, which knocks out most of the acquisition market. |
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Date: June 23rd, 2012 1:46 PM Author: Aromatic house factory reset button There's plenty of leveraged deals going to the market right now. A lot of them are flexing, but they're still getting sold. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20941820) |
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Date: June 23rd, 2012 1:56 PM Author: lascivious lavender nursing home bbw i didn't say there weren't any. I just said credit has more demand than supply, and that's one driver pushing dealflow down compared to prior inflationary periods. On the other hand, other uncertainty (whether carry will be taxed as income, etc.) is also driving firms to look for exits. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20941854) |
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Date: June 23rd, 2012 2:01 PM Author: Aromatic house factory reset button You post really contradicts itself. PE funds trying to exit their portfolios would drive increased dealfow - either strategic or IPO's. And would also imply reduced "demand" (as you have used the term) for credit because strategic buyers and IPO investors are looking for lower leverage. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20941866) |
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Date: June 23rd, 2012 2:07 PM Author: lascivious lavender nursing home bbw re-read, genius. looking to exit is whats pushing some of it back up. not all firms are betting on carry going up. Those that do are looking to exit by selling to other firms (those that don't), deals for which financed in part via credit (hence demand further increased).
i spend 6-7/days a wk analyzing risk, not mechanically copy/replacing ipo docs, friend. |
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Date: June 23rd, 2012 10:57 PM Author: Crystalline rebellious theater stage i spend 6-7/days a wk analyzing risk, not mechanically copy/replacing ipo docs, friend.
do you mean you are an M&A lawyer or a finance guy? |
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Date: June 23rd, 2012 11:05 PM Author: lascivious lavender nursing home bbw gtfo doobs (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20945353) |
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Date: June 23rd, 2012 1:23 AM Author: gaped histrionic background story aaaaaaaaargh! I just felt this needed to be said. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20940042) |
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Date: June 23rd, 2012 1:56 PM Author: coral bat-shit-crazy university mental disorder yes, I am feeling the slow down too. I have an offer for a middle market ibanking associate position. Would I pwned if I took that at this time? (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20941852) |
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Date: June 23rd, 2012 3:07 PM Author: Big Stage Really Tough Guy enjoy tudor pickering! (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942144) |
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Date: June 25th, 2012 4:44 PM Author: Scarlet psychic nice catch (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20955586) |
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Date: June 23rd, 2012 2:59 PM Author: lascivious lavender nursing home bbw (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20942110) |
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Date: June 23rd, 2012 10:58 PM Author: Crystalline rebellious theater stage good. i hope i have no work the rest of the year then get 3 months more to find a job (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20945311) |
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Date: June 23rd, 2012 10:59 PM Author: Mind-boggling Peach Newt National Security Agency Lit is doing fine judging by my calendar through to mid-August. I'm busier this year than last. The consulting side of my practice is going gangbusters too. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20945319) |
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Date: June 23rd, 2012 11:00 PM Author: titillating sick bawdyhouse we're busy as fuck. i think this is only a problem at shitty firms. (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20945323) |
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Date: June 25th, 2012 4:45 PM Author: Scarlet psychic 100 hours for June (http://www.autoadmit.com/thread.php?thread_id=1977191&forum_id=2#20955589) |