Networking Lunch/Dinner/Happy Hours - Who Pays?
What is customary when it comes to who pick ups the tab when it comes to networking / deal closing lunch / dinner / happy hours?
Is there usually a rule of thumb you go by?
Broker, Lender, Buyer, Seller?
From a broker/sell side POV...
Networking: if you're a professional meeting/actively seeking clients, this should be you
Deal Closings: lead broker/banker/MD or whoever facilitated the closing for client
Planned Lunch/Dinner/Happy Hour (if with coworkers): usually the most senior should pay, depends on firm. If this is not with coworkers, I'd say it falls under networking and deal closings.
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