Nostalgia for the ipo? Try a secondary offering of stock. Network Solutions Inc., the keeper of Internet domain names, recently decided on a secondary offering of stock, so Jorge Del Calvo, of Pillsbury, Madison & Sutro L.L.P., did the paperwork. The move threw the company another $2.2 billion. That made the law firm happy, because, after all, the client now has more money to spend, which will soon trickle down to the firm as more paying work. This is the sort of achievement that ought to get Mr. Del Calvo a Dealmaker of the Week award. But it won’t. His fees, as reported by The Recorder (a sister publication of The National Law Journal), come to a mere 0.0068% of the deal value.
You bet he’s happy: On Feb. 2, in his sixth game on the NBC prime-time game show 21, Harvard Law School 3L Rahim Oberholtzer outearned most lawyers this year by efficiently answering multiple-choice trivia questions. One of his classmates, Emily Kuo, also appeared on the show (as did a lawyer who was leaving the practice to become a caterer). But Mr. Oberholtzer was the one who set an all-time game show winnings record of $1.12 million, thus becoming everyone’s new best friend. He is setting up a scholarship fund at the University of Texas with the money. Can there be a downside to all this? Probably not, but some military officer beat his record on Feb. 17.
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