How does M&A get done in small (e.g., solo) shops where there are no specialists?

like
Posting as :
works at
You are currently posting as works at

Poorly.

likefunny

Exactly lol

like

Poorly. And when across from a big firm they basically ask my teams to do all the work for them (draft all docs, compile all docs, prepare their sig packets, update checklists). Sometimes they don’t even markup agreements, will just flag issues and then we end up returning our own agreements.

like

Hasn’t happened to me but I’m sure it happens. We know the deal going in when we’re across from these tiny shops

Guessing they just ask Claude or ChatGPT these days.

like

If they can afford the subscription

like

I mean… 99% of the worst case scenarios specialists worry about are never going to come to pass.

funny

F

There are solo specialty shops too. They should be engaging other counsel when those are needed. The difference is that solo M&A folks don't do that as a default, so it's often cheaper since they only engage specialists when they're truly needed...not for needless copy/paste work that M&A folks are BigLaw don't want to learn to do themselves. BigLaw tends to be a bit too silo-ed; it's pretty obvious when you work for an M&A lawyer who has done other things and when you work for an M&A purist who can't do anything outside of their part of the Merger Agreement and Info Statement.

Related Posts

Hello Everyone,

What will be my in hand salary in CTS for 20 LPA including and excluding tax?

Cognizant

Post Photo
like

Hi All,
I am looking for java developer position in adm domain as getting released from my current project on 31st July.
If there is opening in any of the project, please let me know.

like

Anyone looking for an AAE or Asst Media Planner? Have a friend w a Cornell degree looking to change careers and join our crazy industry

I’m looking to transition into the role of Business Manager from Executive Producer. I do have direct experience in the role. Anyone know of available freelance or full time positions?

like

Planning director vs strategy director. Whats the diff? Is there a diff?

I feel like a planning director wouldnt know how to manage digital strgy while a strgy dir would be much more well rounded

like

Falling asleep while looking at audit documents. How do you stay awake?

like

I’m being offered a VP level CoS role at Morgan Stanley Tech side. I have 7 YoE. Is $150k-$160k good for this position in NYC or should I ask for more?

Hi fishes,

I had actually applied through a referral to Deliotte for Fx settlemets position. I got a call from Hr asking for CTC and notice period. Haven’t heard back since 2 weeks. Does it take long for them to schedule a interview or what could be the case?

like

Hi
I'm a fresher moving for first time to office location
Can anyone suggest location I should prefer
My office is in international tech park kharadi
Thanks

like

How much does a mid weight visual designer typically make at an agency? Less than 80k?

like

What will be in hand salary for fixed 31LPA (PF 21600)

I heard that, their is hire and fire policy in Synechron, can anyone tell me the reason they fire the employees?

like

If a company I got rejected from is posting an opening for the same role should I re-apply? Any chance of a better outcome?

like
like

How do you explain logistic regression on an interview?

like

Hi everyone. What is the typical interview process like for tech Bizops roles? Are the case interviews similar to the ones we do in the consulting industry with the scenario based on the company we’re interviewing for? Thanks in advance.

likesmart

Need all opinions I can get. Interviewing at a place, and there are a few flags. (Details in 1st comment)

like

I got selection mail from tcs on 22 Aug, they asked to upload documents next day. HR discussion is not done yet , how many days they take to do the hr discussion after uploading documents ?

When is a 3 page resume acceptable?

likefunny

How do you maintain focus? I find myself distracted every 2 minutes.

likehelpful

Additional Posts in Big Law

New to due diligence and not sure the timeline of projects. Tips to stay organized of the project and timeline, and how to update those leading the deal? Just keep track of new info and provide as necessary?

like

Ready to leave NYC. Tired of the expense, taxes, COL, bustle, generally burned out, etc. Southern and would like to go back down south. Thinking of Charlotte, Dallas or Houston—any thoughts on those? For reference, in late 20s and been practicing leveraged finance.

like

Is it worth leaving big law for a FAANG job? Probably a $50k pay cut plus lose the partner track option for future. I'm probably 3 years away from making partner. Have a friend there already. Heard work life balance is better but comp not as good and lower ceiling. Thoughts?

like

I’m a junior in big law and in the short time I’ve been here, I’ve noticed that counsels produce perfect drafts and yet aren’t partners but partners can’t write two sentences without numerous typos. Shouldn’t counsels be partners and partners counsels instead?

like

What are the top litigation practices in LA?

likehelpful

Great Idea: Let's mandate RTO industry-wide to kick off flu season.

likefunnyuplifting

If you are a first year in a stub year, and significantly under billable hours requirement, do firms typically still give pro rated bonus? Do first year stub associates really ever hit their pro rated hours in those 2-3 months?

like

Anyone know why they call market paying firms “Biglaw”? Why not “Top Dollar Firms”?

like

4th year associate, 200k student loans—think I’ll be able to get a mortgage even with loans? Looking at a place for 450k. I have 3.5 years public interest work that counts towards PLSF and I plan on going back to government so I really don’t care to pay it down.

like

Still want a recruitment bonus 👀. Lmk if you’re looking to lateral!

likesmart

Are tech trans hours better/more predictable than M&A?

like

What is the average adoption assistance benefit at big law firms?

like

About to finish my first year. I’m a specialist. Only going to hit 65% of my hours (took a 4 week vacation cause of wedding/hm).

I never say no to work and i have fantastic reviews, and the head of my practice (with whom I work a lot for) has great things to say about me.

I’ve been fully utilized starting ~June, but first few months were slow. Am i fine?!

like

How are these 100% remote positions working? Is anyone living in one state and working in another? I’m wondering about tax consequences and bar admission in particular. Appreciate any insights!

likehelpful

Name the most ridiculous micro-managing by partners that you experience.

I’ll go first: MP told me that on initial emails, I am always to start with “Hello [name],” but after the initial email, I am not to address her by name again in the same thread. Initial greeting can only be “Hello [name] ” because just first name is too brisk and a “Hi [name]” is too informal. Had a 5 minute, in depth conversation as to why she prefers it this way…

likefunny

Senpais, looking back, if you had known more about your specialty, would you still have chosen it? If not, which specialty would you have preferred to enter? And why?

like

Any insight into the Barnes & Thornburg, Los Angeles office? I see there’s an opening for a Products Liability Litigation associate.

like

I lateraled into a niche practice group in Sept 2021. I also have a 1 year old and have been mostly remote since I started - but have been keeping busy tracking towards 2400-2500 hours. That said getting to know people only remote has been kind of awkward at times (email only can be tough to decipher) although as a working mom the pros vastly outweigh the cons. Yesterday my main partner asked me to come in Thursday bc he will be there and set a time to meet. Is this good/bad?? kind of nervous!

like

Any group still busy heading into the new year? Been dead for months and still dead. Real estate — V30

like

Now that you got your bonus and are ready to leave for a better work-life balance HMU for a referral to a top tech practice, v30, either coast or remote. Willing to part with some of the referral fee ;)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal