Quote:
Originally posted by Sidd Finch
I agree. It's hard to understand. The only thing I can imagine is that Orrick may believe that venture work will rise again, they want to be positioned for it, and they can afford to ride out the storm if it means getting the right people in place. But, wouldn't they worry that the VLG people would just split again, if things get all late-90s again? Or do they assume those people learned a lesson about the importance of diversification?
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Even so, I questioned whether it makes sense to acquire the entire firm. Seems to me that it would put an initial drag on Orrick's PPPs, as I assume that the average at VLG is below Orrick's.
