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eBrevia's Smart Technology Mitigates the Diligence Bottleneck
Due diligence is an integral and essential part of corporate transactions, yet for lawyers and their clients, it can be a painful process. In mergers and acquisitions and other dynamic and time-sensitive transactions, due diligence often becomes a bottleneck that slows down deals, a frustration to attorneys and their clients alike.
As a corporate attorney at a mid-sized firm in New York City, diligence is a vital part of my work in mergers and acquisitions and venture capital transactions. Working solo or with colleagues, I typically conduct due diligence by reading through thousands of pages of a target company's dense and complex contracts, looking for problematic provisions and summarizing key concepts. Depending on client needs, the work product I often generate for each contract I review is a summary template, which essentially consists of a table in Word specifying which provisions and information I am looking for, and a corresponding summary of each of those respective provisions in the given document. Sometimes, these summary templates are passed along to a client attached to a diligence memo. Other times, they are used internally to generate the diligence memo. Clients, with their focus on costs, are always receptive to ideas we have for ways to work through the diligence process more efficiently, and as their counsel, I want to help keep costs to a minimum.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.