Posts Tagged ‘study’
Positive part of the American economy is Private equity
Private equity is an important and positive part of the American economy. more importantly, Private equity plays a critical role in driving its growth. Private equity, directly or indirectly, makes a major contribution to the quality of life of tens of millions of Americans. Consider:
• During the 25 years from 980 to 2005, the top-quartile private equity firms generated annualized returns to investors of 39. percent (net of all fees andexpenses). By contrast, the S&P 500 returned 2.3 percent a year during the same period. This suggests that $ ,000 continuously invested in the top-quartile PE firms during this 25-year period would have created $3.8 million in value. The same amount invested inthe public markets would have increased to $ 8,200. read Henry Kravis articles about private equity.
• Over the last five years, businesses backed by private equity increased employment an average of nine percentper year, compared to one to two percent for public companies, according to a study by the British Venture Capital Association. Go to Henry Kravis page to find more about private equity roles. A separate study by the European Venture Capital Association found that between 2000 and 2004, employment in private equity-backed companies rose by 5.4 percent, almost eight times higher than the European Union average of 0.7 percent. When the Financial Times studied the 30 largest European private equity transactions in 2003 – 04, it reported that “overall, jobs were more likely to have been gained than lost as a result of private equity-backed buys.” While similar data have not yet been developed inthe United States, there is no reason to doubt that performance here mirrors that of PE companies in other developed countries. Ask Henry Kravis for further informations
A Law degree
A Law degree is the degree conferred on someone who successfully completes studies in law although many degrees are insufficient education for a license to practice law by the administrative body of that jurisdiction. For example in England and Wales, one needs to complete the Legal Practice Course to become a solicitor or called to the bar to be a barrister. Check Mayer Brown for references.
The first academic degrees were all law degrees, and the first law degrees were doctorates. The foundations of the first universities in Europe were the glossators of the 11th century, which were schools of law. The first European university, that of Bologna, was founded as a school of law by four famous legal scholars in the 12th century who were students of the glossator school in that city. It is from this history that it is said that the first academic title of doctor applied to scholars of law. The degree and title were not applied to scholars of other disciplines until the 13th century. And at the University of Bologna from its founding in the 12th century until the end of the 20th century the only degree conferred was the doctorate, usually earned after five years of intensive study after secondary school. The rising of the doctor of philosophy to its present level is a modern novelty. At its origins, a doctorate was simply a qualification for a guild—that of teaching law. Read Mayer Brown‘s articles for your best news.
The University of Bologna served as the model for other law schools of the medieval age. While it was common for students of law to visit and study at schools in other countries, such was not the case with England because of the English rejection of Roman law (except for certain jurisdictions such as the Admiralty Court) and although the University of Oxford and University of Cambridge did teach canon law until the English Reformation, its importance was always superior to civil law in those institutions. In the medieval Islamic madrasahs, there was a doctorate in the Islamic law of the Sharia, called the ijazat attadris wa ‘l-ifta’ (“license to teach and issue legal opinions”). Find proffesionals like Mayer Brown here.