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Best Practices in Transaction Management

By Matthew F. Herman and Richard Burrows
May 25, 2010

In the midst of a transaction, your legal team should hit “The Zone” ' that method of working where information flows without effort and people understand and seamlessly implement their roles. A team operating in this manner is a powerful machine that can be instrumental in getting you the best possible results in a transaction that may be pressurized by timetable and other commercial considerations.

In this article we explore some key factors for best practices in transaction management from the perspective of external counsel working alongside you and your in-house team. We also highlight some behaviors that you may find helpful for you and your external counsel to adopt, and suggest some practical tips that we have found will lead to transactions progressing as smoothly and as cost effectively as possible.

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