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BigLaw's lockstep compensation is declining in order to keep and attract talent


BigLaw s lockstep compensation is declining in order to keep and attract talent
Illustration by Sara Wadford/ABA Journal
In 1919, the Boston Red Sox sold Babe Ruth to the New York Yankees for an unheard of $100,000, a sum worth nearly $1.5 million today. Sports fans credit the deal for an ensuing New York dynasty of pennants and championships and for Boston’s World Series drought, known by some as the “curse of the Bambino.”
Lateral transfers are nothing new. Like the big leagues, BigLaw seeks to gain powerhouse rainmakers via outsize salary offers. The deals have the added value of draining rivals’ rosters to kneecap the competition. ....

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- Venture Global LNG Closes $500 Million...


Venture Global LNG Closes $500 Million Term Loan with Leading Global Banks for Plaquemines LNG export project
édité le 12/02/2021 - Plus de news de Venture Global LNG - Voir la fiche entreprise de Venture Global LNG
Venture Global LNG, Inc. announced that it has closed a $500 million term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A. The proceeds will be used to fund pre-FID construction activities at the company’s Plaquemines LNG export project as well as for general corporate purposes. The transaction was upsized from $400 million to $500 million based on strong lender interest. ....

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Venture Global LNG Closes $500 Million Term Loan with Leading Global Banks


Venture Global LNG Closes $500 Million Term Loan with Leading Global Banks
USA - English
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ARLINGTON, Va., Feb. 11, 2021 /PRNewswire/  Venture Global LNG, Inc. announced today that it has closed a $500 million term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A.  The proceeds will be used to fund pre-FID construction activities at the company s Plaquemines LNG export project as well as for general corporate purposes.  The transaction was upsized from $400 million to $500 million based on strong lender interest.
CEO Mike Sabel stated, We are proud to continue to partner with this group of leading banks, all of whom are lenders to our Calcasieu Pass LNG export facility, as we move towards the launch of full construction on Plaquemines LNG in 2021.  Replicating the successful strategy we pioneered and utilizing the same configuration, we will continue to ....

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Top finance stories from the week of December 14


Two weeks out from the end of 2020 and the IPO news cycle isn t slowing down. 
You d be forgiven if you thought at the beginning of the week we d maybe get a break from hearing about hot tech companies rushing to go public, as Roblex and Affirm postponed their debuts. But by Friday, cryptocurrency exchange Coinbase, online thrift platform Poshmark, and dating app Bumble had all filed for upcoming IPOs. 
Another thing they all have in common, according to reports, is Goldman Sach s involvement. 
The company has led offerings this fall for DoorDash, Wish, Snowflake, and Unity Software, and worked on other IPOs including Airbnb and GoodRx, among others. And as Meghan Morris reported, it s now leading Coinbase s efforts.  ....

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