I'm reading "The Accidental Investment Banker" right now, and the author mentions using the Lehman Pricing Formula for investment banking fees while he was in the business. I've heard about this in other readings I have done as well.
Is this still used in practice? Does it vary based on a case by case basis? I've heard about the "double" Lehman formula as well.
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Yeah. I have read that stuff before, but was wondering how much of it is used in practice and at other firms besides LB. I'll assume that it is widely utilized though, based on your response.
In my experience bankers just take as much as they think they should/can get. Obviously the % is going to be smaller on larger deals, but it really depends on level of relationship, product, involvement etc.
Thanks.
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