Word: morgan
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...decades pure investment banks like Goldman Sachs and Morgan Stanley dominated M&A. But in the past few years, the ability of the large banks to offer billions of dollars in loans to finance transactions has raised their standing among dealmakers. Citigroup has been the most successful in wresting away this profitable business...
Back in Boston, Valdivieso, the deferred Morgan Lewis associate, isn't waiting for anyone. The fledgling attorney said he has started looking into opportunities working for a public-interest group that specializes in civil rights. "It's not what I expected, but I'm excited at the chance to do meaningful legal work," he said. "In this economy, things could be a lot worse...
After serving as a 2008 summer associate at Philadelphia law firm Morgan, Lewis & Bockius, Harvard Law School student Juan Valdivieso was offered a position as a full-time associate and was anxiously looking forward to joining the firm later this year...
Some firms, such as Los Angeles-based Latham & Watkins and San Francisco-based Orrick, Herrington & Sutcliffe, have offered $75,000 annual compensation packages to incoming associates who defer employment until October 2010 and find alternate work in public-interest law. Other firms, like Morgan Lewis, have told deferred associates they can earn up to $60,000 per year if they work in public service, plus an additional $10,000 if they continue to study for the bar. Overall, firms estimate that these deferral arrangements could save them $25,000 to $85,000 per employee. (Read "Job Forecast for College Seniors...
...decision to "dollarize" Zimbabwe's economy, one of the first acts of the new unity government (including erstwhile enemies President Robert Mugabe and Prime Minister Morgan Tsvangirai), has brought a small amount of stability to the economically ruined country. All civil servants now earn a monthly salary of U.S. $100, while shops and banks accept dollars and rands. (See pictures of Mugabe's reign...