first

Thirdsy!

I wish I lived on Bush St.

To be fair:
it appears the building was already 20% vacant before Heller left; their departure only cleared out 45% of total space. Not exactly a booming establishment.

Heller is recruting Suffolk 3Ls at OCI! Get your apps ready!

4 -

Better yet on the corner of Filmore & Bush.

I caught a glimpse of PE about an hour ago at Rick's Cabaret. He was drooling over two hot chicks dancing to Bubba Sparxxx's "Ms. New Booty." Very hillarious. That old fucker knows how to party. Props on the burgandy silver tie. Very pimpish PE.

i have a 250,000 sq ft wife in texas

Mystal, I know you are hungry, but the whole building! Damn, brutha, homeboy can get his eat on.

Your cousin, Marvin.

Elie -- Slight grammatical correction. You put a period instead of a comma in the first sentence.

You wrote, "Since it has been so long since Heller Ehrman collapsed. it's easy to forget that the firm's dissolution continues to affect so many."

I believe it should read, "Since it has been so long since Heller Ehrman collapsed, it's easy to forget that the firm's dissolution continues to affect so many."

"Since it has been so long since Heller Ehrman collapsed. it's easy to forget that the firm's dissolution continues to affect so many. "

MsTTTal strikes again.

Grammatical correction on 12. It should read, "MysTTal strikes again" not, "MsTTTal strikes again."

Please moderate.

Grammatical correction on 13. It should read, "MysTTTal strikes again" not, "MysTTal strikes again."

Please moderate.

14 wins. 13 loses. 12 neither wins nor loses.

Grammatical correction on 14: It should read, ""MysTTTal strikes again," not ," not ""MysTTTal strikes again" not."

Please moderate.

8=PE, obviously

I have been preaching for years that cap rates on commercial real estate move in tandem with treasury rates.

And yes I saw PE getting a lap dance this afternoon.

Substantive correction on 13, 14, and 16: They should read "Spelling correction on . . .," not "Grammatical correction on . . . ."

I actually saw PE shining shoes today at Grand Central Station.

Substantive correction on 19: It should read "Substantive correction on 13, 14, and 16: They should read "Spelling correction on . . .," not "Grammatical correction on . . . ." Please moderate," not "Substantive correction on 13, 14, and 16: They should read "Spelling correction on . . .," not "Grammatical correction on . . . ."

From what I've heard, the partners are all doing fine. Most of the associates were taken care of (i.e., given comparable jobs at new firms), but a not insignificant number of associates and staff have not been properly looked after. Somewhat surprising coming from a firm that always touted "it's the people."

And yet another reason the Mets are doing nothing at the trading deadline. Aside from blowing $700MM on Madoff, the Wilpons blew money on Heller. Sterling is owned by the Wilpons (among others), who own the Mets.

Excuse me, who was "properly looked after"? Must be nice for them.

So is Heller NOT coming to Suffolk OCI's to see 3Ls?

"but a not insignificant number of associates and staff have not been properly looked after"
______
Where to begin?

triple negative? really?

ending your sentence with a preposition?

associates were "given" new jobs?

22, 24 -- Partners all made out fine, and landed at new firms (though I understand they didn't get a dime of their capital contribution back). Experienced associates generally landed at their partners' new firms. Staff and younger associates, aside from a few in IP litigation, were generally left behind. Many are still looking for work, nearly 10 months later.

partners at quinn forget that the firm's dissolution continues to affect so many all the time. it is no big deal.

(dissolute) quinn stud

27, yeah, landed at firms like Cooley. That's working out gloriously. More confirmed and rumored partner defections there continue.

Ship be sinking?

So wait, does this mean that Heller will NOT be coming to interview Suffolk 3Ls at OCIs?

26: care to enlighten us on the "triple negative"?

How would you have phrased the sentence to avoid ending with the preposition? I'm not sure "after" is even a preposition in that instance.

And I suppose you are technically correct that associates weren't "given" jobs--job offers were extended to them.

Thanks for picking up on the substance of the comment, douchebag (actually, calling you a douchebag is an insult to vaginas).

27- they probably should have been required to have made even larger capital contributions to cover the vacation/WARN payments they failed to make to associates and staff.

Side note - someone explain the capital contributions. Surely nobody put external capital into the firm. More likely they had PPP reduced rather than taking it as a distribution, in which case the money was never really theirs anyway right? Am I seeing this correctly or do partners actually inject their own external money?

33. Please read the following:

http://www.law.com/jsp/law/careercenter/lawArticleCareerCenter.jsp?id=1202424736610

Thank you for your time and attention to this matter.

Junior associates did not get taken care of especially well, though it varied by practice area. A handful of incoming 2008 associates were brought along to new firms, and last year's summer associates who received offers fared even worse.

Sterling American Properties, the co-owner of this property, is the same outfit that owns the Mets and lost hundreds of millions with Madoff.

Simply stated: they are having a really, really bad year.

Confirmed - Heller doing OCI for 3Ls at Suffolk. Only accepting those in the bottom 20% of the class, so don't even try if you are unqualified.

After Heller folded, I joined Bendt, Ohver & Asfuct. It's really great. I work my own hours, choose my own matters, even pay my own salary! Thanks guys!

38: LOL. Classic.

Judging by the ridiculously juvenile remarks consistently in these threads, I don't think law firms are going to miss the "new talent" at all.

Heller shareholders paid a about 7% of every dollar of income into a capital account (after-tax). The total payment over years was typically several hundred thousand dollars. Heller shareholders will most likely never see that money again. And the debtor's counsel is now threatening lawsuits against them. It's hard to generalize about associates and staff -- some did fine, some left out. For the most part, everyone affected suffered (including landlords, shareholders, etc.) -- all because of management's incompetence.

27, 22, thank you so much. It makes my heart glad to know that "all of the partners made out fine." I was really concerned there that they wouldn't take care of themselves first.

Yes, 42, it sure puts one's mind at ease. It would have been a shame if partners had to sell (or worse, lose) their homes and struggle to eventually find less lucrative jobs. Fortunately that was reserved for the associates and staff.

Breaking news - Heller is only doing resume collect for Suffolk 3Ls, which the recruiting officer will read in a rented out bungalow in Tahiti.

@ 40, lighten up.

@ 41, if I hear the "we all got fucked" speech again from some dildo shareholder with some comparable job elsewhere and no appreciable loss of earning capacity, I'll puke. Blame "management" all you want, you can bet you had a hell of a lot more say in how that place was run than anyone still looking for work. Stick your piety and your self-righteous rhetoric up your ass.

45 - word!

32 - Yeah, there's that. You'd think that should have been presented to the partners. And also on that note, they shouldn't have taken a loan to inflate their PPP.