The Asia Chronicles: State of the Market, March 26, ‘09
[Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past two years. You can reach them by email: asia at kinneyrecruiting dot com.]
Evan here. Although the lateral market in Asia continues to be very slow, as expected in the downturn, we have seen a substantial upturn in interviewing of our candidates in Asia recently. For example, currently the following of my associate candidates are actively interviewing in Asia, each at multiple firms (there are others with single interviews):
*mid-level cap markets associate (Mandarin fluent) from HK interviewing in HK
senior cap markets associate from HK (Mandarin fluent) interviewing in HK
*mid-level PE / M&A associate from US interviewing in HK
*mid-level M&A associate from US (Mandarin fluent) interviewing in HK
*senior M&A / cap markets associate from US (Korean fluent) interviewing in HK
*mid-level project finance associate from US (Korean fluent) interviewing in Tokyo
*mid-level M&A associate from US (Mandarin fluent) interviewing in HK
*mid-level M&A associate from HK (Mandarin fluent) interviewing in Beijing
*mid-level IP associate from US (Mandarin fluent) interviewing in Beijing
*mid-level project finance associate from US interviewing in Abu Dhabi
*junior M&A associate from US (Mandarin fluent) interviewing in Beijing and HK
*mid-level funds associate from US interviewing in HK
It is important to note that firms are moving slow to give offers so the interviewing activity above is not indicative of offers coming soon for each (as it was during the recent boom times for lateral hiring). However, I am getting the impression that some firms are ready to give offers after some months of delay in filling openings. I do think that all the above associates will be placed in Asia in ‘09.
***More after the jump.
Also, firms continue to be as selective as ever and each of the above associates are extremely well qualified, all coming from top practices and top law schools, with excellent grades.
We are excited about the interview activity, though, as just two weeks ago the above list would have been only 1/3 as long. Some candidates who have been on hold since as far back as October are now being interviewed.
We also have a number of partner candidates interviewing in HK / China, in practice areas such as project finance, M&A and IP.
Going forward over the next several months I foresee continued interviewing and hiring in HK / China of very impressive M&A mid-level to senior associates (M&A, especially PE downstream work is relatively busy compared to other transactional areas in HK / China), as well as a handful of interviewing and hiring of cap markets and IP focused mid-level and senior associates.
Keep in mind that a number of the most prestigious US firms in Asia have hiring freezes that are not going to thaw out any time too soon (at least until summer and likely longer), due to very strong cap markets practices that are down now (and that market will likely not pick up until some point in ‘10, unlike M&A that will likely turn around much quicker).
Some firms that are in hiring freeze have asked us to send them top flight candidates in particular practice areas in order for them to have preliminary and informational conversations with such persons, whereas other frozen firms are not taking that approach.
At many firms in Asia partners are still having some difficulty getting green lights from home offices on hires they would like / need to make. This is one reason why offers come slower. Further, unlike in a hot lateral market, firms are not worried too much about losing a great candidate to another firm because there are many great candidates on the market to choose from. This is one reason why even when China market picks up substantially (could happen as soon as 2nd half ‘09, but likely late ‘09 to early ‘10) (other Asia markets will likely be slower to rebound), firms will still move slow to make hires, as there will still be an overflow of candidates on the market until the US economy picks up substantially (likely after China). Also, until IPO work picks up substantially in China, a substantial number of top US firms in HK / China will continue to be overstaffed an on hiring freeze (except for critical hires needed). Things will be most difficult for junior US associate laterals because most US and British firms in Asia would rather try and figure out how to put their current junior cap markets associates to work (even if it means a re-tool) than hire new juniors (even if practice fit is better with potential lateral hire).
Next week, I will go over some recent developments in M&A that have many of us in the HK / China market optimistic.
(99) 
Comments
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"M&A, especially PE downstream work"
What is PE downstream work?
Forgive me for being a law student. Thanks!
"M&A, especially PE downstream work"
What is Private Equity downstream work?
Forgive me for being a law student. Thanks!
Self congratulatory guff as always!
4, Evan here. Fuck off.
1, Evan here. Congrats on being first! Shoot me your resume, and if you're truly Top Talent, I'll see if I can hook you up. Hiring in Asia is a long process, so don't expect anything solid before 2013-14.
Evan - are you seeing any activity for banking/leveraged finance laterals or is it still completely dead?
4, jealous recruiters as always.
Evan,
"Things will be most difficult for junior US associate laterals because most US and British firms in Asia would rather try and figure out how to put their current junior cap markets associates to work (even if it means a re-tool) than hire new juniors (even if practice fit is better with potential lateral hire)"
So how are the firms putting their capital markets associates to work in this "very soft IPO" market?
7, Evan here. Definitely some improvement in the market for banking laterals, but you might want to take a trip out to make the rounds in person.
Evan, I am a UK qualified 4.5yr PQE M&A/PE lawyer with a real interest in Asia. I have worked at a Silver Circle firm and a top West Coast firm in London and have also spent some time in Singapore already. I am particularly interested in the Indian market, Would it be possible to discuss options with you?
11, Evan here. Sure, that's why I have a website and email.
11, Evan here (12 is not me). Sure, feel free to email me at evan@kinneyrecruiting.com.
7, Evan here (10 is not me). There is not much activity for banking / leveraged finance. There is one firm I am helping find a Korean speaking leveraged finance associate, but that is about it. I am representing a handful of very impressive associates in banking and / or leveraged finance and it is difficult for them to get interviews at this time in Asia.
Evan here. I will have to start commenting from an account here, as the impersonaters are out in full force (4,5,10,12).
Evan - it's spelled "impersonators."
http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202429035574&Headhunters_Face_Layoffs_Too
17, Evan here. Yes, it is a very challenging time in the recruiting industry, especially in the US. What is your point? At Kinney we have actually expanded our number of recruiters in the first quarter of '09 and also had the best first quarter in our 6 year history in '09 (mainly due to large partner placement fees, mainly generated by multiple partner placements by Robert, but I and other recruiters have chipped in as well). Looking forward, I expect to make a solid number of associate placements in Asia from 2nd quarter through 4th quarter '09 (even if not quite at the same clip as '07 and '08). In '10 I expect to have more associate placements in Asia than ever before. '09, while challenging, will likely be more profitable than even '07 and '08, due to partner placements (I am currently working on pending partner placements in Hong Kong, Beijing, Tokyo, Los Angeles, Orlando and NYC. Robert is working on a number of pending partner placements as well, mainly in Texas and Asia. Daniel is also working on a few pending partner placements at present).
Hi Evan,
I note the lack of Japanese-speaking associates in your list. Is that just because there are fewer of them in general, or is the Japanese-speaker hiring market dead at this point?
19. Evan here. The Japan market is worse off than HK / China right now. With that said, a few firms in Japan are interviewing very impressive mid-level to senior US associates, but being very selective and very slow to give offers. I forgot to mention in post that I do have one Japanese mid-level M&A / securities speaking associate interviewing in Japan, but it slipped my mind because that person does not have any interviews scheduled in next 7 days (but has interviewed several times in past couple of months with one firm in Tokyo and is being considered for offer). The feeling among the firms in Asia is that China will pick up in M&A this year but Japan will stay down longer (similar to US). Some offices in Japan are very busy with project finance work though.
19 here. Great, thanks for the info!
Wow. Asia must be severely in the toilet if a recruiter is boasting about his candidates getting interviews.
Not placements, not offers, INTERVIEWS. Wow.
22, Evan here. What planet have you been living on? For the past few months, offers have been hard to come by at the associate level. We have made a few partner placments in Asia in the first quarter and in January I made three associate placements in Asia, but there is not much associate hiring going on in Asia since fall '09 and I have been fortunate to have multiple associate placements each month since the slowdown up until February and March (no associate placements in Asia during that time), but we have made Asia partner placements during the past 60 days (not a help to most readers of this blog, so I focus more on associate placement activity here). My point in the post is that in the past couple of weeks, I am seeing a lot of interviewing activity, with many of my candidates having multiple interviews over the next week or so, when some of these same candidates have been on hold by firms since as far back as October and November. A larger number of candidates have single interviews, but it is the sudden surge of multiple interview candidates that has been surprising and welcoming for all involved.
Evan, u r soooo hot!
24, Evan here (I forgot my password.) Thank you! By the way, did I mention that Robert made multiple partner placements?
Evan, I emailed you a few weeks ago but have not gotten back a response....
26, Evan here. I'm sorry, but if it wasn't about a partner placement, I may have slipped you on to the back burner for the time being. Robert and I need to prioritize, as we are presently flooded with resumes and emails.
25 and 27, when you are sitting around wondering why you can't figure out how to make it through this tough market (or have a social life), think about all the time you waste on boards like this with your silly comments.
26, Evan here. Sorry about that. I get a ton of emails per day. I do have to prioritize them (I have to make sure I am answering emails from active attorney and law firm clients of course first, then second answering emails of the most qualified attorneys asking to be a client, considering the very tight market, then third answering all others) and can't answer all of them all the time (there is just not enough time in the day to do so). Please send your email again and mention that you are commenter #26 and I will try to get back to you asap. Thanks for understanding.
28 - about 5 minutes per day. Is that a lot?
28, I would be flattered to think that this person only gives silly comments on this particular board, but imagine that is probably not the case. It is probably another recruiter, as this industry is filled with people that sit around waiting for something to fall in their lap (when they are not emailing resumes around) and in the meantime find ways to amuse themselves.
Evan, you never answered my question:
What is PE downstream work?
Cheers!
32, Evan here. An overly simplified answer: The M&A focused work in order to serve a PE fund that has already been formed (re aquisitions and other transactions). The upstream work involves fund formation.
Thanks 32, for repeating my question. I'm 2 & 3.
And thanks Evan, for the answer. Makes sense!
Evan, is Robert your boyfriend?
35, Evan here. Yes, he is. However, we do not let our personal relationship interfere with our professional one. In the interest of full disclosure, I must say that Robert "wears the pants" in both settings.
in the past few days this board has been kind of hijacked by some immature people. Not much I can do about that. Can't imagine that someone commenting here would not be a biglaw attorney, law student or recruiter, so it is really sad, but amusing, to see that some people at this stage of their life act this way.
It's interesting if you compare the comments here to the ones on Dealbreaker. It's kinda sad.
Evan, at some point, do you think it's possible to do a piece on in-house opportunities in Hong Kong/China? Thanks.
35, Evan has a drop dead goregous wife, from Russia. They met when he lived in Russia in 90s. Lucky man.
LOL @ 40
Mr. Donaghy, have you seen what the Asian markets are doing?
I have, Jorgenson, I have.
It's the end of the recession! The Nikkei has provided!
Verily, Jorgenson. Here endeth the lesson.
Evan, what makes you think all of these associates will be placed in '09? Any indications from your firm clients or just an instinct of yours based on what you have been hearing about the recovery in Asia?
Evan, what makes you think all of these associates will be placed in '09? Any indications from your firm clients or just an instinct of yours based on what you have been hearing about the recovery in Asia?
40, Evan here. Thanks for the nice compliment for my wife, Tatiana. I am sure she would appreciate it! Actually though she is from Riga, Latvia and although I did meet her in Moscow it was 4 years after I moved from Russia back to US.
43, Evan here. I do believe that all the associates I have interviewing at multiple firms in Asia over the next week or so are going to be placed in Asia in '09. Most are M&A or IP focused and there are M&A and IP practices that are hiring now. So it is a conservative prediction that those persons will be placed in '09 (I think they will all be placed in 1st half '09 actually). However, that is not necessarily an indication that things are turning around in the market in general. While there is some increase in M&A activity in China, a number of US and British firms in HK / China have been cap markets focused for a whie and thus are quite overstaffed at the moment, with some on strict hiring freezes for a while. A full recovery in the US associate lateral market in Asia will not happen until a) IPO work starts to return (not just M&A work); and b) the US markets start to recover and thereby lessen the current very large number of candidates seeking a move to Asia. Until a and b happens, firms will be extremely selective, as they should be, and although the most impressive candidates on paper will have interviews and offers during such a time, many other very solid US associate candidates will have trouble getting interviews (even though the same type candidate would have had multiple offers within a few weeks in '07 and early '08 and will have such fortune again when lateral market fully recovers).
Halleluljah! Evan - note you don't have to say Evan here anymore because you have a name! Isn't technology amazing?!
Evan, what advice would you have for a 2nd year law student who might have an interest in practicing in Asia in the future? What type of language skills are required in this economy? Thanks.
48, by the time you would be realistically landing in Asia (although it is possible to be hired as new 1st year for Asia offices, it is usually as lateral 2nd year or later) this current economy will not be so relevant any more to the lateral market you will be competing in. With that said, some firms will continue to have a mix of native english and native mandarin (and other asia relevant languages), so not having an asian language skill by no means rules you out for Asia. Keep in mind that it is also highly unlikely that you will be able to become fluent or significantly more proficient in a language between now and then (considering law school and biglaw workload). So the language skills you have now are the ones you will be taking to asia a few years from now. The best langauges to have in asia (in general) are, in order, Mandarin, Japanese and Korean (of course, if you want to land in Tokyo, Japanese would be #1). It can also be beneficial to speak Hindi for an India practice, although many India pracitce attorneys are english only.
Evan, can you post a pic of Tiatianna?
Thanks in advance.
Is 40 Robert?
Evan, Fake Evan here. The *real* Fake Evan. While I'm glad you've finally sprung for the authentic user account since your commenting style has become a running joke, that picture isn't getting the job done. Don't you know how to crop a photo? Zoom in on your face, lad!
As long as Evan can find me a job, I don't need to see his face.
52, You are either an attorney who enjoys reading these posts and comments enough to visit and comment regularly, or (more likely) you are another recruiter with a negative reaction to a competitor's success. If you don't like the posts and comments, why bother reading them and commenting so much?
Actually I think 52 is most likely an immature law student with too much time on his hand.
55, Evan here. You just scored yourself a job. Shoot me an email at evan@kinneyrecruiting.com.
This is all just a little retarded. If I was fluent in Mandarin or Korean I think I would already have a job in Asia. Sort of like the emails I get from recruiters saying that have a great job for me if I have a $3m+ book of business.
The only people who get loans are the ones that don't really need them. The only people who get into HLS are the ones who don't need the degree to get a great job. Same story here. Move on.
57, if you think you would by default have a bigaw job in Asia just because you are biglaw associate who happens to be fluent in Mandarin or Korean, then you are not up to date on the market. If you happen to be fluent in either language and currently a mid-level focusing on M&A at a top 10 US firm, then you would have a shot (but it would not happen so quickly). Even during the hiring "boom" of late '06 to mid '08 (and the boom I am expecting in '10 and '11) in Asia, you would not simply be able to make a nice lateral move to Asia just because of language skills. For those that are highly marketable in Asia now or in the future, it is a big move on multiple levels and it helps to have some guidance when making such a move. Many of my candidate clients examiine the Asia markets, with my help, for a year or more before pulling the trigger on a job search. There is usually high reward in such a move, but there can also be high risk if not being aware of personality of small offices, a particular firm's place in an overseas market (vault rankings mean very little to potential clients in asia), and the practice area that a particular office leans on more when times are good. This is an overly siplified explanation. There are a lot of factors to consider in such a move, other than just "hey I am in major firm and I speak Mandarin and a bought a copy of vault top firms and can see which firms have offices in Asia."
Evan, are you posting here as a professional? Your last post had two glaring spelling typos that would've been caught by a quick skim before "pulling the trigger."
Evan, are you posting here as a professional? Your last post had two glaring spelling typos that would've been caught by a quick skim before "pulling the trigger."
Evan, why are you ignoring 59/60?
59, Sorry to dissapoint you, law student / recruiter / junior attorney (most likely a recruiter) who is truly a professional commenter if I ever saw one. I tried to go pro, but just did not have what it takes, so I am sort of semi-pro commenter, but with some real upside potential, so I am told... I am usually not checking for typos when quickly responding to comments (I may even have some typos in the many email responses I give to prospective candidates daily, as I try to quickly answer all that I can in a busy schedule). I guess this means that I must be a recruiter who cannot be trusted with emails, etc. and just not "professional" enough gosh darn it (just predicting your next comment, so we can be done with it and move on), notwithstanding all accomplishments. I find it amusing, but sad, how most recruiters look at their work as nothing more than very cold calls and the all important emailing of resumes (with or without authorization) to many various firms, then sometimes following up with a few more emails (and all with spell checking no less!) if there is interest, all the while declaring themselves quite professional and ethical and "different from other recruiters" every time they run out of substantive and helpful advice to give about the actual market they are working in, which happens in 2 to 10 minutes.
61, I assume you are 59 / 60. I don't look at this board every 5 minutes, so if I don't respond to your criticism within half hour, no need to feel ignored at that point.
Cheers for this
Thanks Evan for your great and continuous info on Asia markets and also the entertainment provided in your responses to hecklers :-)
65 = Evan
66, you definitely figured me out. That is the key to my business actually - creating a forum and pretending to be different positive posters. Every time I give myself a positive comment, pretending to be an actual potential client, I get such a rush that it is hard to explain really. I just can't help myself I guess... All of the placements and such are just bs and no one interested in the Asia markets could possibly appreciate the info we give in the AC posts. We keep paying the big bucks to have this sponsored column, mainly for our egos and to show our friends and family that we have some positive commenters (let's keep the big secret that I am all the positive commenters between us). I like how you have the forum / chat board lingo down with the clever 65 = Evan. I am kind of old school with the text and chat room lingo, being 37 and all and a bit out of touch, but you have it down all the way and that is something you can really build your recruiting practice on, I'll say... Now that you have let the world know that I am just a big pretender with fake comments and all, you can take all the info you get from visiting the AC so much and start making some Asia placements yourself! This could be your big turning point, the start of something huge!
Evan, WHY DO YOU BOTHER RESPONDING TO THESE HECKLERS???? Everyone knows they are a bunch of losers and not worth your time. JUST IGNORE THEM!!
I agree with 68 Evan. I don't know you, but I support what you're trying to do. You would be well advised to simply ignore the hecklers. Don't want to make yourself look bad.
68 and 69, I am just having a little fun, not taking the hecklers seriously, and have always responded to most comments, whether good or bad. Thanks for the support.
Evan - do you handle in-house placements in Asia, or focus solely on law firms?
71, we handle in-house placements as well, mainly at funds and banks. However, those type of positions are rare in this current economy, more so than law firm positions. I also find that it is challenging, even in a good economy, to move from US law firm position straight to Asia in-house spot, so most (not all) of the in-house placements we make are attorneys that have been in Asia markets for a year or longer)
It would seem that M&A experience would be good for in-house positions at funds and banks.
What about for people with capital markets experience, or alternatively experience in finance? What kinds of in-house positions are available for such persons?
I ask this because a good number of us are moving to Asia for the long term, and we need to think about second or third jobs. Thanks.
73, Good point. Cap markets and finance focused associates in Asia are well suited for banks (when ibanks start hiring again), actually have more options at banks than M&A focused associates do. The key to having a lot of options at the most impressive banks is to land at the top wall st. firms known for representing those banks. Some associates I have placed in HK, China and Japan have chosen their firm based more on exit option opportunities in future than career advancement opportunities within their new firm.
From thelawyer.com: "Herbies launches Hong Kong restructuring practice" http://www.thelawyer.com/herbies-launches-hong-kong-restructuring-practice/1000343.article
Evan: Just curious, is this reflective of just Herbert Smith, or is there something going on in East Asia generally speaking? Thanks Evan.
75, a lot of firms are looking to diversify more in Asia, but restructuring is a very localized practice and so only firms with license to practice HK law could do this (most US firms in HK do not have such licenses, mainly because it requires at least 50% of attorneys to be HK qualified). Further, only the most established firms in HK, such as Herbert Smith, that already have a number of different practices, including litigation, are going to consider building up a bankruptcy practice.
50, I googled Evan and noticed this facebook page, so that must be his wife in the photo. Not bad...
http://www.facebook.com/people/Evan-Jowers/1093038821
77, You must have a lot of time on your hands. I suggest you find a hobby during your breaks from law school studies.
78, Evan here. Please stop impersonating me.
79, the best way to try and impersonate me is to actually give information on the market. Otherwise, it is not believable.
Isn't recruiting generally a profession for women? Just wondering.
-- not a jealous recruiter
Evan, not Evan here (the *real* not Evan). Your style of response is most amusing, not sad. Keep up the good work pimping out my bros to Asian markets.
Regards!
Evan, another fake Evan here. Please don't listen to your supporters (or your sock-puppets?!) and stop responding to hecklers. Reading through this thread has made my night. I particularly like the accusatory: you must be another (jealous) recruiter comments.
Keep up the good work!
Evan, are project finance and energy practices in Asia being hit hard by the recession? Any openings? Thanks for all the info you provide with your posts here.
84, I find that projects practices with energy focus are staying busy in Asia, relative to other practice areas in the downturn. The thing is though is that these practice areas do not hire as quickly as the core corporate practice areas and even during the boom '07 year, for example, placements I made in projects / energy were drawn out affairs and even the best candidates usually did not have too many offers. Thus in '09, I will again make about 4-5 placements in this area (similar to '08 and '07), although the firms making such hires can be as selective as ever, due to the market. Right now, we have an urgen need for Korean speaking project finance US associate in Tokyo and we have a few Mandarin speaking project finance US associate candidates interviewing in SHG and BJ.
Evan, please let us know if lay offs are happening in Asia at same rate as in US these days. Thanks.
86, there have been lay offs in Asia, although not at same rate as in US for the most part (with the exception of a few firms). Most of the layoffs in Asia have been of silent variety and mostly junior (1-3 years) cap markets focused associates. A few firms have laid off large % of associates in Asia, or in particular offices there, but for the most part the lay offs have been less than in US and London. Not trying to down play them though because the lay offs have still been serious in Asia and have affected a number of friends of mine. It has just been significantly less than in US %wise.
Hi Evan. Do you have any information of the job market for PRC & US qualified (especially US LLMs) people with 2-3 year cap market experience? Are there any possible positions for them? If any, how about the pay? Thanks.
88, things are especially slow in China for cap markets work, so it will likely be '10 before there are many openings in your area. There are a few firms that are interviewing cap markets associates at mid level now, but they are going to be moving slow to hire. I am happy to discuss with you, just email me at evan@kinneyrecruiting.com. More than likely it will be '10 before your background is in high demand again in China. M&A is coming back sooner than cap markets and most cap markets focused firms in Asia are very much over staffed. As far as the pay goes, if you land a US associate position, it is typical NYC base and bonus (with expat packages that will vary anywhere from 0 to 80k, depending on firm, location, and whether your new firm considers PRC natives eligible for full expat package). As far as pay for PRC attorney position, it is significantly less than US associate spot and can vary greatly from firm to firm (sorry cannot provide to much guidance there, as I have only made a few PRC attorney placements).
Evan, have the rents gone down in Hong Kong in the past few months? If so, will that affect expat packages?
90, the rents in HK have gone down as much as 30% and this trend started in late '08. So far, the expat packages in HK have remained the same. Most likely, the rents will go up in next year or so anyways, as market returns. I understand that real estate in HK at the high end has started to make a come back already. I am not real estate expert though...
Hi Evan,
Any info about Singapore? How is hiring for dual-qualified US/Singapore corporate associates at the junior level? When do you project the hiring for M&A lawyers will start to pick up? Mid 2010?
Hi Evan,
Any info about Singapore? How is hiring for dual-qualified US/Singapore corporate associates at the junior level? When do you project the hiring for M&A lawyers will start to pick up? Mid 2010?
93, at the junjor level things are really slow in Asia in general, including Singapore. While M&A is picking up in China somewhat and may be fairly busy by end '09, a lot of firms are overstaffed at the junior level and would rather switch cap markets associates to M&A or bring in juniors from US, at least temporarily, before hiring laterals. As a dual qualified M&A associate you will be very marketable when the lateral market at the junior level starts to show signs of life. It could be as early as late '09 but may not happen until '10. Of course, depends how junior you are too... Feel free to set up a call with me at evan@kinneyrecruiting.com and I will be happy to further discuss.
Hi Evan,
Any info on Southeast Asia? Vietnam, Cambodia, Thailand, etc?
95, While I have made a placement in Indonesia before, I have to say that I have not made any others outside of the major Asian markets - Singapore, HK, BJ, SHG and Tokyo. So don't have much info on such places. I know US attorneys that have managed to land in Vietnam and Thailand believe it or not (although not typical biglaw experience). Cambodia, assume you are joking on that one.
Evan - no joke.
http://www.aar.com.au/offices/phnompenh.htm
97, Thanks for the info. We have not worked so much with Australian firms in the past, but I would like to change that. Our clients in SE Asia have always been the US and British firms, with the exception of a few searches here and there...
Fucked your wife last night.