Comments (38)

Mar 21, 2009

they are expanding their LA office,too. I am interning there for spring. I heard their Chicago office is pretty decent.

Mar 21, 2009

Have a buddy who works for them in the Chicago office. He loves it there.

Mar 21, 2009

quote from an analyst who just got laid off: "the partners themselves are running around trying to figure out what to do because there's no deals, nothing in the pipeline, no one is doing anything."
Take that with the obvious grain of salt... but there is some obvious truth to that - there have been a lot of MM that have expanded greatly in the boom years that now have very little to do because the deals that do get done go to the more prestigious names like Lazard, Greenhill, HLHZ, William Blair (for a Chicago competitor), etc. Lincoln Partners is left to scrape the bottom and there's very little, if anything, to scrape at the moment.

Mar 26, 2009
youngmoney:

quote from an analyst who just got laid off: "the partners themselves are running around trying to figure out what to do because there's no deals, nothing in the pipeline, no one is doing anything."
Take that with the obvious grain of salt... but there is some obvious truth to that - there have been a lot of MM that have expanded greatly in the boom years that now have very little to do because the deals that do get done go to the more prestigious names like Lazard, Greenhill, HLHZ, William Blair (for a Chicago competitor), etc. Lincoln Partners is left to scrape the bottom and there's very little, if anything, to scrape at the moment.

Lazard, Greenhill don't pitch for the same deals as Lincoln. While there maybe some truth to the fact that there are not a lot of deals getting done, your comparisons are a bit off. HLHZ, HW and William Blair are true competitors for Lincoln. All these firms are not in the same league as Lazard and Greenhill.

Mar 21, 2009

9 deals this year (January - March). They had about 50 for 2006 (Jan - Dec). While there is a slowdown, other MM firms are all also facing similar conditions. Lincoln is a quality shop.

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Mar 26, 2009

Heard from a buddy who has worked there that culture/people are great. Comp is probably street. PM me

Mar 26, 2009

Not a huge name but I had a couple of friends go there for their analyst stint and they had much better hours than typical IB and liked it a lot

Mar 26, 2009

Lincoln is a very solid MM and has a good rep in its space. I had a friend in the Chicago office who loved it there and then went off to b- school. I don't the NY culture would be too different. Pay on par with street - at least when base was 70k.

Mar 26, 2009

Great, relaxed culture. 1st year analyst salary just went up to 85 and bonuses are street.

Mar 26, 2009
Chimp Bailey:

Great, relaxed culture. 1st year analyst salary just went up to 85 and bonuses are street.

Source?

Mar 26, 2009

Thanks Chimp. I've heard that bonuses have been 100% of base in the past. Can you confirm this?

Mar 26, 2009

I have to say, I loved the people at Lincoln in Chicago and I think it's a super solid shop. I ended up at a BB but had I received an offer from Lincoln I would've taken it purely for the people. I imagine NYC is the same.

"You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mister Rogers

Mar 26, 2009

Any recommendations on best groups?

Mar 26, 2009

Should be generalist, but they're well known for industrials

Mar 22, 2009

have a friend in london and he loves it.

Mar 26, 2009

Some of the most amiable bankers you'll ever meet (at least the ones in the Chicago office). Culture-wise, seems like a great place to work.

I'd put them a tier below HLHZ, Baird, and the other top MM shops.

Mar 26, 2009

bump

Mar 26, 2009

I heard they gave just under 20 offers out to their interns this year and all accepted. Good sign imo.

Mar 26, 2009

Closes more deals every year. On the upswing for sure. Can also confirm the "most amiable bankers" statement

Mar 26, 2009

Apparently like 95% + of their interns every year accept their return offers - pretty good for a MM bank
Friend summered there and was raving about his experience and the culture

Exits are supposed to be very good as well - will probably not any MF PE since deal sizes are not similar at all but seems like they feed strongly into MM PE.

Mar 26, 2009

Good shop, if prestige is your thing this is not the right place. Good guys here.

Mar 26, 2009

Emphasize culture and fit a lot. I have heard nothing but good things about it. Old colleague works there right now.

Mar 26, 2009

They are looking for people who fit into their culture. Great MM firm and decent exits

Mar 22, 2009

While it seems like Lincoln has its heart in the right place, some of the Chicago office really put me off. During the lunches and pre-night dinner, I got the sense that things were not looking good. Many of the analysts talked about how a year ago, they were staffed on 2-3 deals at a time. Now, they were lucky to have one (some said they just put too many analysts on one deal). Of course, that's not very helpful, their deals are, as most have mentioned MM-focused, so they are not particularly intricate (just look at their tombstones. The deal sizes suggest no more than one analyst needed on any project).

Also got the sense Kate/Katie (point of contact for most interviews, believe she is an analyst), came off as very fake and rude throughout the process.

Again, decent shop. During the interviews they insisted the analysts go on to great PE shops and b-schools, almost selling that more than the deal team itself. Take that as you well.

Other notes:

  • in Chicago, you are assigned to a group of your choice, but the way the work breaks down, you will see a variety of industry deals. 70% of your group, 30% out
  • they have a work-abroad program where you can work in their European offices for 3-6 months, which seems cool enough

Hope that helps!

Mar 26, 2009

Solid MM, sure. I rank it on the lower end of MMs. Solid overall? Debatable

Mar 22, 2009

Lincoln is a great MM firm.

Mar 26, 2009

interested as well

Mar 26, 2009

they already had their superday

Mar 26, 2009
Vectors225:

they already had their superday

this is for lateral (not the Chicago office)

Mar 26, 2009

Well recognized institution with an international reach. While they don't carry precisely the same cache that HW&Co., Baird, Blair, or Jefferies does, they are very close behind. Don't think you'll go wrong if you're interested in the MM space.

Mar 26, 2009

Good rep, good people as it relates to MM. I've worked with them on a couple deals and they've never done a poor job. Unfortunately, no idea around culture or pay.

Mar 26, 2009

Heard culture is great. Friend of mine works there as a 1st yr analyst. Pretty cool dude

Mar 26, 2009
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Mar 23, 2009