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Would you bus your colleague for being petty?
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Skadden. Easy to lateral to Latham (or STB to a slightly lesser extent) —- but very hard to lateral to Skadden from somewhere else.
Assuming Noel at Skadden - strictly HY? Don't often see them in the market. LW's experienced some turbulence at partner level but still the most active / reputed firm in European market for US securities - probably the "safest" pick. STB - limited knowledge on / interaction with but felt more of a satellite office - take with grain of salt.
Was about to say that I've only seen them doing private placements repping investor entities.
Enthusiast
Depends if you want to do strictly HY, then you could do any of the three. If you want a broader diet of US securities transactions, then the preference should be 1) LW, 2) Skadden and then a distant third for STB.