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DPW vs. Skadden vs. S&C for M&A

ty ty ty
garnet gas station ape
  09/06/10
Skadden and S&C > STB >> DPW for M&A. I'...
laughsome range
  09/06/10
Tell me more. Chambers says all 4 plus Cravath and Wachtell ...
garnet gas station ape
  09/06/10
I think the others are all a bit stronger than DPW. One big...
laughsome range
  09/06/10
I'm a mid-level corporate finance/securities lawyer but am t...
sepia big hairy legs church
  09/07/10
Read Anatomy of a Merger and the ABA Model SPA and APA to ge...
topaz mother
  09/07/10
...
Orange roast beef blood rage
  09/08/10
Just go to dpw. You are not giving up much.
electric new version
  09/06/10
http://snarkerati.com/movie-news/files/2008/04/x-files-belie...
garnet gas station ape
  09/06/10
It is true and odds of getting m&a at Skadden is not gre...
electric new version
  09/06/10
...
garnet gas station ape
  09/06/10
they're all great firms. youre prob not making partner, go w...
alcoholic therapy patrolman
  09/06/10
dpw by far, just based on quality of the people
Crawly theater
  09/06/10
DPW by a landslide. Which isn't meant to say that DPW is gre...
Iridescent costumed turdskin
  09/06/10
There's so much DPW kool aid here it's sickening. DPW's c...
Poppy Painfully Honest Prole Hospital
  09/07/10
I think this is correct. The DPW offices are nice, but y...
Doobsian office newt
  09/07/10
4 years right? Pretty shitty.
Poppy Painfully Honest Prole Hospital
  09/07/10
I think 3 years is standard. Given biglaw attrition rates, t...
Doobsian office newt
  09/07/10
Sharing an office is so TTT
marvelous round eye casino
  09/07/10
I had friends who joined Skadden in '08 with offers in the M...
white excitant rigor bawdyhouse
  09/07/10
I would avoid Skadden. Skadden has a bigger M&A group t...
vivacious impertinent institution people who are hurt
  09/07/10
little shitty deals sounds to me like "chances for juni...
marvelous round eye casino
  09/07/10
mftcr
High-end sweet tailpipe
  09/07/10


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Reply Favorite

Date: September 6th, 2010 8:26 PM
Author: garnet gas station ape
Subject: ty ty ty

CN student, dinged post screener at Cravath and Wachtell. Interested in M&A but ignorant of most of what corporate law is, just enjoyed talking to M&A associates and enjoy the idea of the whole 'quarter back of the deal' BS.

Liked DPW the best by a decent amount, S&C the worst (in terms of clicking with interviewers, etc.). Have heard all the horror stories about S&C. Figure Skadden might be a better bet for M&A, but am worried it might be a crowded field.

Thoughts? Anecdotes? ITE concerns?

STB CB is this week too, but I figure PE doesn't sound enough better for it to be a major consideration unless I love the people. Wise?

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981736)



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Date: September 6th, 2010 8:28 PM
Author: laughsome range

Skadden and S&C > STB >> DPW for M&A.

I'd just pick DPW or STB though (and do the rotations) since it's not like you like you have any idea what M&A work really entails and can't judge.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981749)



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Date: September 6th, 2010 8:39 PM
Author: garnet gas station ape

Tell me more. Chambers says all 4 plus Cravath and Wachtell are band 1. Is there really that much of a difference between them? How much would it matter on a day to day basis?

Also, since ima dumfuck law student, what are the odds i only like M&A because I have heard of it and might like something else in corporate as well or better? obviously you dont know me, but hopefully somebody who has done some corporate rotations might be able to chime in...

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981835)



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Date: September 6th, 2010 8:41 PM
Author: laughsome range

I think the others are all a bit stronger than DPW. One big difference is that STB is much better on the PE side, so you would be more likely to represent a buyer on an M&A transaction there.

Deal junkies tend to like M&A more than corporate finance or securities. I think doing the rotations is your best bet (you might not be able to figure out what you like over the summer). Does S&C do rotations? I know the other three do.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981860)



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Date: September 7th, 2010 12:01 AM
Author: sepia big hairy legs church

I'm a mid-level corporate finance/securities lawyer but am thinking about switching to M&A at another firm. Would be going in as a fourth year. How difficult a transition is that? I've done an M&A deal once before and enjoyed it more than the stuff I normally do.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15984319)



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Date: September 7th, 2010 11:21 AM
Author: topaz mother

Read Anatomy of a Merger and the ABA Model SPA and APA to get a sense of the big picture.

There is, of course, a ton of more specific stuff you just learn on the fly, both legal and non-legal. As far as difficulty, I think it's primarily a function of your interest in the work and the dickishness of the people you work for (which you can manage, to some extent, by making them aware of all your effort to get up to speed, flagging the gaps in your knowledge and asking intelligent questions when you're not sure about something). To me the biggest distinction between M&A and securities is drafting. I think M&A work can be less difficult/annoying for mid-levels than securities work in terms of finding ideal language b/c there's more time to change something and usually no hard filing deadline setting the schedule, though you're obviously always going to try to draft it as well/favorably as you can. But it's more about just finding something that works and accurately papers the deal. To the extent you feel clever/add value, you might draft something to avoid an issue you want to avoid and then hope the other side doesn't get wise to it. And people who get really anal about having something exactly how they like are going to miss 7 other problems while they whine about that one issue, and frequently the other side may push back on their perfect language even though they don't actually care just to keep the anal lawyer preoccupied.

Our generation will be specialized more to specific industries and companies, so if you have a background with particular types of companies from your previous work, try to use that (though it will be of limited value). Also if your corporate finance work involved any kind of negotiated lending transactions (as opposed to just moar securities) from which you have a background drafting and negotiating deal documents as borrowers' counsel that will come in handy eventually.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15986136)



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Date: September 8th, 2010 8:59 AM
Author: Orange roast beef blood rage



(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15993821)



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Date: September 6th, 2010 8:29 PM
Author: electric new version

Just go to dpw. You are not giving up much.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981752)



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Date: September 6th, 2010 8:39 PM
Author: garnet gas station ape

http://snarkerati.com/movie-news/files/2008/04/x-files-believe1.jpg

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981839)



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Date: September 6th, 2010 8:42 PM
Author: electric new version

It is true and odds of getting m&a at Skadden is not great and probably even less at s&c. Dpw is what I would take.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15981866)



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Date: September 6th, 2010 10:36 PM
Author: garnet gas station ape



(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15983014)



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Date: September 6th, 2010 10:37 PM
Author: alcoholic therapy patrolman

they're all great firms. youre prob not making partner, go where you liked the people the best as this will be what impacts you the most.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15983053)



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Date: September 6th, 2010 10:44 PM
Author: Crawly theater

dpw by far, just based on quality of the people

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15983146)



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Date: September 6th, 2010 11:40 PM
Author: Iridescent costumed turdskin

DPW by a landslide. Which isn't meant to say that DPW is great; it's just that all the horror stories about S&C and Skadden are true.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15984038)



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Date: September 7th, 2010 2:36 AM
Author: Poppy Painfully Honest Prole Hospital

There's so much DPW kool aid here it's sickening.

DPW's culture is just as sweatshoppy as S&C, it's just that at S&C, a partner will tell you to "do it," and at DPW a partner will tell you, "please, do this. OK thank you so much!" Also, reviewers at DPW are more likely to tell you your work product is good and then talk shit behind your back about it. S&C is very clear about that shit up front.

So in essence: same shit. DPW has nicer offices by far though, and id take them for that reason alone.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15985449)



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Date: September 7th, 2010 2:11 PM
Author: Doobsian office newt

I think this is correct.

The DPW offices are nice, but you may have to share one for a longer time.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15987095)



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Date: September 7th, 2010 2:17 PM
Author: Poppy Painfully Honest Prole Hospital

4 years right? Pretty shitty.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15987146)



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Date: September 7th, 2010 2:18 PM
Author: Doobsian office newt

I think 3 years is standard. Given biglaw attrition rates, there's a good chance you'll never have your own office at DPW.

The fake feedback is sort of lame as well. But politeness is a nice thing.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15987157)



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Date: September 7th, 2010 11:30 PM
Author: marvelous round eye casino

Sharing an office is so TTT

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15991731)



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Date: September 7th, 2010 11:15 AM
Author: white excitant rigor bawdyhouse

I had friends who joined Skadden in '08 with offers in the M&A group and they're now in the litigation group. The firm said that it was a temporary rotation but these guys have yet to rotate back out. Given the fact that they're third years now, it's not looking too good that they ever will. Just something to consider. Also, I have friends that are actually in the M&A and corp finance groups over there who said they're still really slow and that they've quietly let some people go over the summer. All that aside, I think S&C and DPW would be a bigger boost on the resume anyway, and I can't imagine the difference in the type of deals Skadden is doing versus those that DPW is doing is enough to really impact your development as a corporate attorney.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15986109)



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Date: September 7th, 2010 1:13 PM
Author: vivacious impertinent institution people who are hurt

I would avoid Skadden. Skadden has a bigger M&A group than the other firms but that's because Skadden dabbles in so many shitty little deals that the other V5 won't bother with.

If you got the best vibes from DPW, go with them.

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15986786)



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Date: September 7th, 2010 11:31 PM
Author: marvelous round eye casino

little shitty deals sounds to me like "chances for junior associates to do meaningful work"

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15991742)



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Date: September 7th, 2010 11:59 PM
Author: High-end sweet tailpipe

mftcr

(http://www.autoadmit.com/thread.php?thread_id=1416259&forum_id=2#15992056)