May 7, 2021 at 4:28 PM
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The coming wave of consolidation among law firms is a perpetual topic of discussion and speculation. The basic narrative is that the richest, most successful firms are pulling away from the rest of the industry, and firms below the top tier will be forced to merge in order to grow and remain competitive.
The notion that consolidation could be the panacea for challenges facing less profitable firms has always been questionable. But whether you buy into that particular narrative or not, it is incontrovertible that the legal industry remains remarkably fragmented in comparison to other professional services sectors.
Deep State Crony Heinousness and China: Crypto-Currency Edition
redstate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from redstate.com Daily Mail and Mail on Sunday newspapers.
In The Ripple Case, The SEC Is Now On Trial – And Knows It
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BigLaw s lockstep compensation is declining in order to keep and attract talent
Illustration by Sara Wadford/ABA Journal
In 1919, the Boston Red Sox sold Babe Ruth to the New York Yankees for an unheard of $100,000, a sum worth nearly $1.5 million today. Sports fans credit the deal for an ensuing New York dynasty of pennants and championships and for Boston’s World Series drought, known by some as the “curse of the Bambino.”
Lateral transfers are nothing new. Like the big leagues, BigLaw seeks to gain powerhouse rainmakers via outsize salary offers. The deals have the added value of draining rivals’ rosters to kneecap the competition.
Venture Global LNG Closes $500 Million Term Loan with Leading Global Banks for Plaquemines LNG export project
édité le 12/02/2021 - Plus de news de Venture Global LNG - Voir la fiche entreprise de Venture Global LNG
Venture Global LNG, Inc. announced that it has closed a $500 million term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A. The proceeds will be used to fund pre-FID construction activities at the companys Plaquemines LNG export project as well as for general corporate purposes. The transaction was upsized from $400 million to $500 million based on strong lender interest.