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Derivatives / structured finance practice area help
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<blockquote data-quote="Minitomatosalad" data-source="post: 149263" data-attributes="member: 30951"><p>Hi I thanks for this</p><p></p><p>from what I know about structuring/derivatives, not all do complex structures and mainly stick to generic ones. Big law firms often do very small / non-complex stuff, it just isn’t as advertised.The biggest (and most important) clients are usually not as price sensitive so they would absolutely spend that money. (These clients you generally wanna keep) </p><p></p><p>I saw this Reddit post by an an associate (albeit US)</p><p><em>‘Derivatives work is gonna really depend on your group. Some firms you'll be structuring more complicated ones. At most firms they're a support group and you'll be doing a bunch of interest rate swaps for the finance team and foreign currency swaps for the funds team. These deals sit for months and months sometimes until someone wakes up and they decide they want to trade ASAP.</em></p><p><em></em></p><p><em>Really depends on the firm what you'll be doing exactly though. If you're at a firm like Cadwalader, Dechert or Milbank in the CLO group, you'll be churning out CLOs and nothing else. If you're in the derivatives groups there, they will have more bespoke transactions to work on. If you're at a more private equity or funds focused firm like Debevoise, Weil, Paul Weiss, you'll probably do both derivatives and structured finance. And they'll have stuff besides CLOs, like more bespoke structures for PE owned insurance companies or receivables financing for portfolio companies.</em></p><p><em></em></p><p><em>Theres also the mortgage backed securities space which is similar and some firms that do CLOs also do a lot of. Others don't do any.’</em></p><p></p><p>So I am looking for help on how to differentiate between MC firms as the Reddit poster above did for US. </p><p></p><p>Lastly thanks for the links - I don’t have a FT sub (money is kinda tight atm). I couldn’t look at them but I googled it. </p><p>For the first link - I couldn’t find the structured finance or derivative element to this deal - it just seems to be a leveraged acquisition + partly funded by previously acquired funds? Am I getting it wrong? </p><p></p><p>I can’t find an alternative to the second article that isn’t behind a paywall</p></blockquote><p></p>
[QUOTE="Minitomatosalad, post: 149263, member: 30951"] Hi I thanks for this from what I know about structuring/derivatives, not all do complex structures and mainly stick to generic ones. Big law firms often do very small / non-complex stuff, it just isn’t as advertised.The biggest (and most important) clients are usually not as price sensitive so they would absolutely spend that money. (These clients you generally wanna keep) I saw this Reddit post by an an associate (albeit US) [I]‘Derivatives work is gonna really depend on your group. Some firms you'll be structuring more complicated ones. At most firms they're a support group and you'll be doing a bunch of interest rate swaps for the finance team and foreign currency swaps for the funds team. These deals sit for months and months sometimes until someone wakes up and they decide they want to trade ASAP. Really depends on the firm what you'll be doing exactly though. If you're at a firm like Cadwalader, Dechert or Milbank in the CLO group, you'll be churning out CLOs and nothing else. If you're in the derivatives groups there, they will have more bespoke transactions to work on. If you're at a more private equity or funds focused firm like Debevoise, Weil, Paul Weiss, you'll probably do both derivatives and structured finance. And they'll have stuff besides CLOs, like more bespoke structures for PE owned insurance companies or receivables financing for portfolio companies. Theres also the mortgage backed securities space which is similar and some firms that do CLOs also do a lot of. Others don't do any.’[/I] So I am looking for help on how to differentiate between MC firms as the Reddit poster above did for US. Lastly thanks for the links - I don’t have a FT sub (money is kinda tight atm). I couldn’t look at them but I googled it. For the first link - I couldn’t find the structured finance or derivative element to this deal - it just seems to be a leveraged acquisition + partly funded by previously acquired funds? Am I getting it wrong? I can’t find an alternative to the second article that isn’t behind a paywall [/QUOTE]
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