A Happy Letter From Simpson Thacher

Given all the horrible news yesterday, we wanted to post something positive about the legal job market.

Luckily, last week Simpson Thacher & Bartlett felt the exact same way. Taking a cue from Cleary, STB decided to send around an “aren’t you glad you received an offer from Simpson Thacher” email to last summer’s offerees:

There have been many exciting recent developments here since you left and I wanted to send news of what is going on. The firm is at the very center of the developments that are reshaping the financial world and when you return there should be some fascinating work awaiting.

For those of you who just want to know what deals are in the works, also included is news of a couple of major new engagements. For a more complete list, including some recent litigation successes, check out the Spotlight News on our web page: http://www.stblaw.com

Sounds like a flight to quality to me.

Check out the full memo after the jump.


SIMPSON THACHER & BARTLETT — MEMO — STB NEWS

There have been many exciting recent developments here since you left and I wanted to send news of what is going on. The firm is at the very center of the developments that are reshaping the financial world and when you return there should be some fascinating work awaiting.

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For those of you who just want to know what deals are in the works, also included is news of a couple of major new engagements. For a more complete list, including some recent litigation successes, check out the Spotlight News on our web page: http://www.stblaw.com/

Simpson Selected as Advisor to Treasury– Simpson Thacher has been selected by the U.S. Treasury Department to advise the Department on the administration of the $700 billion Troubled Asset Relief Program. Lee Meyerson, head of the Firm’s financial institutions group, is leading the Firm’s involvement in this engagement.

Simpson Represents Board of AIG– In a headline engagement, Simpson represented the Board of AIG, one of the world’s largest insurers, as the company sought and obtained government backing to enable it to continue operations as it seeks to sell its assets.

Simpson Represents Microchip in offer for Atmel– Simpson Thacher represents Microchip Technology Inc. in the $2.3 billion unsolicited offer by Microchip and ON Semiconductor Corp. to buy Atmel Corp Microchip is leading the transaction, which would be financed in part by the sale of two divisions of Atmel

Simpson represents Microsoft in connection with the first debt financings in the company’s history– Microsoft established a commercial paper program, under which it may issue and sell up to $2 billion of commercial paper notes. Microsoft also entered into a $2 billion senior unsecured revolving credit facility. The proceeds from these financings will be used for general corporate purposes, including repurchases of capital stock under Microsoft’s new $40

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billion share purchase program which extends through September 2013.

Hope the semester is going well. If you need anything or have any questions you know who to call- your friends in Recruiting.

Earlier: Controlling The Narrative: Cleary Gottlieb