Archive for 2007
Monday, December 31st, 2007
Turmoil in the credit markets put an end to the multi-billion-dollar “mega buyouts” of 2007, but fallout from the credit crunch has not crippled private equity fund-raising. As of November, U.S. private equity firms surpassed the $270 billion fund-raising mark for the year, topping the $258.2 billion record set in 2006, according to the latest [...]
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Friday, December 21st, 2007
Credit concerns have not eroded optimism about 2008. Money managers remain bullish for the year ahead despite the subprime meltdown and worries over a shrinking U.S. economy, according to Russell Investments’ latest survey of investment managers, Investment Manager Outlook. Optimists say any slowdown will likely be confined to areas within fixed-income, which bodes well for [...]
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Thursday, December 20th, 2007
The ripple effect of the subprime meltdown has resulted in increased demand for attorneys specializing in litigation, securities, restructuring, real estate, and bankruptcy. Executive recruiting firm, A.E. Feldman, says a number of law firms are expanding their ranks and bankruptcy attorneys are becoming hot commodities.
Everyone, it seems, is preparing for a coming wave of new [...]
Posted in General, Legal Jobs | No Comments »
Wednesday, December 19th, 2007
The number of global deals has grown exponentially, increasing the need for thorough due diligence. Through mid-December, global announced M&A activity shattered all previous records to reach $4.35 trillion, a 20% increase over last year’s record, according to Thomson Financial. But new M&A accounting rules recently issued by the Financial Accounting Standards Board (FASB) could [...]
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Tuesday, December 18th, 2007
Distressed debt investors are eyeing leveraged buyout debt as the next big buying opportunity. New research commissioned by law firm, Bracewell & Giuliani, finds that more than 85% of distressed debt investors and other leveraged debt players polled are concerned about how companies will refinance massive debt taken on for their leveraged buyouts (LBOs). Executive [...]
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Tuesday, December 18th, 2007
2007 has been a banner year for global mergers and acquisitions. Through mid-December, global announced M&A activity shattered all previous records to reach $4.35 trillion, a 20% increase over last year’s record, according to Thomson Financial. But, as the year draws to a close, the credit crisis has undoubtedly left its mark on dealmakers’ sentiments [...]
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Monday, December 17th, 2007
Demand for internal audit professionals is rising sharply. A recent study conducted by PricewaterhouseCoopers finds that the number of internal auditors is expected to increase over the next five years, and that technology will have a significant impact on the evolution of internal audit responsibilities. The study also finds that internal audit leaders must move [...]
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Thursday, December 13th, 2007
Private equity funds, hedge funds, investment banks and other global investors have found a new investment opportunity: infrastructure. Most recently, Babcock & Brown announced that it has raised an additional $230 million of committed capital focused primarily on infrastructure investment opportunities in the North American markets. Executive search firm, A.E. Feldman, reports that as the [...]
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Wednesday, December 12th, 2007
The total number of attorneys at the nation’s 250 largest law firms (NLJ 250) increased by nearly 6% in 2007, surpassing last year’s 4% jump, according to a recent survey conducted by The National Law Journal. Rex Bossert, Editor in Chief of The National Law Journal, says, “The healthy leap in the overall number of [...]
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Wednesday, December 12th, 2007
Global venture capital investment is on pace to hit a six-year high in the fourth quarter. VC investment is expected to top $40 billion by the end of the year, the highest level since 2001 ($55 billion), according to Dow Jones VentureOne and Ernst & Young. The analysis also shows that deal flow is likely [...]
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