Work whining: A certain unnamed law firm annoys the crap out of me when I work with them. They are a large, high powered firm considered among the
Posted by
pmb (aka pmb)
Aug 27 '10, 08:34
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elite and yet I find them to be intentionally obstructionist and difficult largely to churn fees. When receiving comments on a document from them, they will basically leave no paragraph unchanged and a huge percentage of their comments are just inane. I can't argue that they're wrong necessarily, but it takes such an obtuse reading of reality to get their point, about something that will never, ever come up in practice, that you just waste huge amounts of time. Our clients know that if we are opposite them our bill will automatically be at least 50% higher than it would otherwise be for the same transaction. I can't complain too much because we get paid, but it's so excruciating to deal with. Example: we (lender) restrict them (borrower) from making certain kinds of investments or disposing of assets in certain ways without our consent. They view every investment as also being a disposal of assets (because they "dispose" of cash to make the investment). So after going through a page of different kinds of investments that they want to make (where, they insist, for instance, that we need to not only permit an investment in say CD's, but as a separate matter need to permit the return on that investment as a separate permitted investment), we then have to go through another page of permitted dispositions, listing the disposal of cash to make each of the permitted investments. Like they actually are concerned that we would consent to the investment, but then call a default because they used cash to make the investment. It's absurd, and yet we go through this exercise every time. This may make no sense to anybody else, but I'm just losing my mind going through this right now.
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