Banking and finance roundup

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  • I’m the managing partner at the office of a good sized law firm. Recently I interviewed a lateral partner candidate whose business I thereafter learned consists of racing to the courthouse to file shareholder claims over M&A deals. “It’s easy money”, he said. “We’re just like one of those lines on your closing statement when you buy a house. Chicken feed to them but big money for the likes of us. Most are happy to pay. They just want to know whom to pay.”

    I washed my hands after shaking his and declined to extend an offer.