Paul Hastings rainmaker spends $95m on Hong Kong house

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Readers' comments (14)

  • Whoopdidoo - good for him.

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  • That's great news! So love the emphasis on money and profitability in your mag. Just keep those stories coming. They make us all proud and remind us why we became lawyers.

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  • What I'd really love to read about are examples of how, instead of continuing to endlessly enrich themselves, the current generation of partners were focussed on encouraging and promoting the next generation of leaders in the legal world. Perhaps making up some new partners, mentoring them and building closer relationships between firms and clients; maybe even showing that lawyers can be influential in the greater business world, rather than just reducing what was once an intellectual profession to a service culture.

    Instead it is just greed, self-aggrandisement and petty partnership squabbles. So sad when there are those that have so much to give (and not just take).

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  • Oh dear Anon @ 4.22.
    Do you think Raymond Li waited to be given partnership or took it?
    If you partner at your current firm then you are probably not up to it yet. If you think they are wrong take your clients and move on.

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  • Sounds like family wealth - no firm pays that sort of money, anywhere. So a private matter more than anything.

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  • In China, or probably mostly in Asia, it's all about relationship (and maybe true in the Western World as well; remember why you go to networking events?) For people tactical at people relationship like him, whatever he does, he would be successful, and maybe even richer or more powerful.

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  • Anonymous at 4.22pm - thank you and well said! "Greedy Partner" at 5.20pm- I am a partner in a profitable top city firm and am generally regarded as "up to it". Some of us - including me want to contribute, not just earn.

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  • "Greedy Partner" - how does one just "take" partnership? Life is not like a voice-over on the introduction to a Hollywood Wall Street blockbuster - or maybe people just can't be as "alpha" as you!

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  • Anonymous on 15 Dec at 8.20 has it right -- no rainmaker makes enough rain to buy a house worth this much, and the purchase is clearly funded by some other means.

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  • Anon @ 4.22 I agree and believe you should only earn by contributing.
    Anon @ 11.25 If you have senior partners hogging the equity squeeze them out or move. If you cant do either you are probably not partnership material. Being assertive is not just Hollywood myth.
    Anyway, all these comments distract from a story of a hardworking chap buying a nice house. This is something we can all enjoy.

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  • Lots of unseemly jealously regarding this purchase. None of us who got into corporate or capital markets law were doing it for charitable impulses, so I don't know why people are pretending that this purchase undermines the moral fibre of the profession, or that it says anything about whether this person mentors associates. I, for one, have no idea, but purchasing a pricey house isn't my measure of it. The more likely explanations anyway are (1) he's someone else's nominee, (2) family money or (3) outstanding business acumen in investing his partner pay.

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  • I don't read the comments as being hostile to this guy purchasing a house. Good for him. What people are saying is (a) there is more to law than money and (b) it is a shame the legal press forget that.

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  • Yes, yes, yes ... all these comments are all very well, but is this story REALLY newsworthy?

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  • @Rob 17-Dec-2013 5:25 pm. The story is newsworthy if the purchase has been funded ("mostly in cash") out of earnings as a partner in Paul Hastings. If on the other hand the purchase is in fact as a nominee for a wealthy client or through independent funds earned/inherited outside the profession, it's just prurient gossip!

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