It took eight years and a conversation over drinks to turn a friendship into work that resulted in a billion-dollar deal. During an impromptu trip to Paris with their wives, after a few scotches, Joseph Macchione, GC of GMH Communities Trust, and Ajay Raju, head of Reed Smith's securitization and finance team, discussed moving GMH's legal work to Reed Smith. According to Macchione, the biggest reason he made the switch was Raju's willingness to work with his company on an alternative billing system.
June 30, 2008 at 12:00 AM
1 minute read
Joseph Macchione and Ajay Raju knew each other professionally from their brief overlap working in Morgan Lewis & Bockius’ real estate department in 2000, but it took eight years and a conversation over drinks to turn their friendship into legal work that resulted in a billion-dollar deal.
It wasn’t until their wives met and became close friends that the two spent time together socially.
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