My company (a renewable energy developer) is being acquired by a much larger energy company in a platform deal. I'm currently part of a 3 person legal team, with each attorney supporting different parts of the business, and having different areas of expertise. Anyone have any insight into the impact/fallout of these types of deals on the acquired company's legal department? I'm being told everything will be the same (but with better benefits), but who knows!

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In my experience down line legal positions can be downsized due to redundancy. Sales, talent roles, mid and low managers typically safe. Not saying that will happened here!!! Also depends how many in house lawyers the acquiring company already has and how big the two companies are. At the end of the day in acquisitions, there will be redundancies that they try and eliminate and you only need so many attorneys on the pay roll in house.

CVX?

Prep your resume. If your expertise is already covered by the acquiring companies legal department there is a decent chance you'll be let go.

I think it depends entirely on whether acquirer has people in their legal already doing what you are doing who also have bandwidth to take on more. If they don’t then I think less likely you would get downsized, but yes always good to be prepared.

It will for sure not be the same. That’s easy. It might be similar but not the same.

If there are redundancies then there will be cuts eventually

If you’re part of the team providing DD, try to impress the acquiring company’s legal team

How big is their legal team? Definitely be prepared to look. But 3 is a lean legal team and the bigger their team the less significant adding 3 more lawyers look. A lot of it depends on the nature of the acquisition. If your units will stay distinct or they will keep generating extra work for legal then less likely you’re redundant. Also depends on if there is open headcount on current team - if they are all busy acquirer’s legal team would fight to keep at least 1-2 of you

It sounds like you are educating them on all this which is you should keep doing

Agree I think it depends on the size of their legal team. They will need people from your legal team as you will have institutional knowledge they won’t have (at least at first). In my experience with acquisitions (I’ve been through several), people generally have about 1-1.5 yrs before your at risk of being laid off (“redundancy”). But like they said above, 3 is a really lean team so probably not a huge lift to add you to their legal team

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