Lehman Alums Eye Fund Launch (NYP)
Get in on this while you still can: " A little over a year after Lehman's demise, former top trader Alex Kirk is said to be joining with the former second-in-command, Bart McDade, to launch a fund called River Birch Capital. While details are scarce, sources said Kirk, a 25-year Lehman veteran, has been working the phones for months, with an eye toward getting the investment fund off the ground. River Birch could aim to purchase distressed assets and other fixed-income debt, including high-yield securities -- areas in which Kirk has expertise. One source said some of the billions in mortgages and other esoteric securities still owned by the defunct Lehman might be on the radar."
UKFI Sacks Headhunter Over RBS Appointment (NYT)
Apparently the group that oversees the UK government's stakes in bailed-out banks was not cool with employing Johnny Cameron, RBS's former head of investment banking (and "a close ally of tainted RBS boss Fred Goodwin"), as an adviser.
Review Says No Net Loss For Some In Madoff Scheme (AP)
Half Big B's clients lost nothing due to unwittingly well-timed withdrawals of more money than they originally invested.
US, Accused Bear Managers Fight Over Evidence (Reuters)
A lawyer for Rich Tannin believes the "allegation" that her client erased an incriminating Gmail account is "an eleventh-hour smear."
Hedge Funds Keep Watch On Washington (BW)
One client who runs a $4 billion hedge fund in San Francisco that employs 25 researchers recently told consulting firm GLG that while he never expected Washington to become "the financial capital of the world, now that it is, I have to understand."
Harvard, NYU Law Students Left Hanging as Firms Slash Offers (Bloomberg)
It could be worse-- you could've gone to law school and now been sitting by the phone waiting for a call that will never come while a sad trombone blows in the background.
Posted by guest , Sep 23, 2009 8:11AM
is he sporting wood in that pic?
Posted by guest , Sep 23, 2009 8:12AM
regal/him/that pic
Posted by guest , Sep 23, 2009 8:12AM
the "tainted" fred goodwin? what did I ever do to deserve that?
-FG
Posted by guest , Sep 23, 2009 8:20AM
@1
Yes, but not much
SW
Posted by guest , Sep 23, 2009 8:29AM
Sigh...another Opening Bell by Greg.
Will the torture never end?
Posted by guest , Sep 23, 2009 8:35AM
"shrinking demand for legal services"
How is that even possible in the US?
Posted by InfiniteGuest , Sep 23, 2009 8:54AM
"Esoteric." That's good, I'll have to remember that.
Posted by guest , Sep 23, 2009 8:59AM
@5 you're a tool.
Posted by Tax Chick , Sep 23, 2009 9:09AM
It could be worse - you could have gotten hired years ago and now be out of a job now with student loans and a mortgage. Law students are the biggest bunch of whiney douchebags. Frickin' spoiled twats.
Posted by guest , Sep 23, 2009 9:24AM
It could be worse. A woman could cut off your penis while you're sleeping and toss it out the window of a moving car.
Posted by NakedShort , Sep 23, 2009 9:27AM
It could be worse you could work for your Mother in Law.
Posted by Tax Chick , Sep 23, 2009 9:27AM
@10
That would be way worse. But I suspect that there are far fewer who fall into that camp than the former.
Posted by guest , Sep 23, 2009 9:29AM
$160K base across the board (even in cheap cities like Charlotte and Houston) for Biglaw first-year associates is way too high. No wonder firms are cutting back.
Posted by Tax Chick , Sep 23, 2009 9:37AM
@Naked - especially if your mother-in-law was toothy-Ruthie.
Posted by Becky Boot Fan , Sep 23, 2009 9:43AM
if ever there was a sensy pic...that's it.
Posted by guest , Sep 23, 2009 9:52AM
@Tax Chick - Very well put!
Posted by Phobos , Sep 23, 2009 10:17AM
i am my mother in law.
Posted by guest , Sep 23, 2009 10:22AM
"Harvard, NYU Law Students Left Hanging" has such a nice ring to it.
Posted by guest , Sep 23, 2009 10:25AM
CFA or MBA?
Posted by NAS Keflavik boi , Sep 23, 2009 10:27AM
Law blows syphilitic goats. It is a miserable profession. The "winners" are almost invariably aged-before-their-time workaholics; the losers are worse than pathetic, earning less than garbagemen while carrying gargantuan student loan balances.
And yet each year the ABA accredits another half-dozen shitbag law schools and suckers with their dumbass B.A.'s line up to jump in.
Fucktards.
Posted by american bandersnatch , Sep 23, 2009 10:42AM
Weclome back NASKB. Where have you been?
Posted by NAS Keflavik boi , Sep 23, 2009 11:05AM
Hiya, AB -
Well was out a good chunk of August, sincethen been busy, so haven't been checking in much.
Have I missed much?
Posted by guest , Sep 23, 2009 11:15AM
cioffi - 3 ferrari's and building a condo in SARASOTA?
Posted by guest , Sep 23, 2009 12:14PM
NASKB - as a lawyer I can say no one's ever been more accurate than you. I feel like you must be an ex-lawyer since it's so dead on. Kudos.