Junior corporate associate at a v10 firm wondering if other folks’ experience putting together main deal agreements (merger agreements, s-1s, s-4s, etc.) is a pretty scrappy experience.
Sure, the final documents are polished, but wow what an iterative process it is to get there. I think I’m grappling with some false expectation I had that things look pretty clean from start to finish, whereas I’m learning that in fact a lot of work is needed on even the most basic things like making sure defined terms are consistent or that cross-references add up.
Does this resonate with anyone else’s experience? Is any of this firm-specific or sort of universal? Curious if more experienced folks have thoughts on this. I guess if it were easy to build something that is both substantively sound and pretty, the clients wouldn’t pay us as well as they do.
Scrappiness of M&A/CapM Forum
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Sackboy
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Re: Scrappiness of M&A/CapM
Nope, that sounds about right.
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Anonymous User
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Re: Scrappiness of M&A/CapM
That’s pretty universal. The 80-100 page transaction agreement, once signed, or the SEC filing once made, has probably cost over half a million dollars of lawyer time in many cases. Often it’s more still.Anonymous User wrote: ↑Thu Jan 06, 2022 2:33 amJunior corporate associate at a v10 firm wondering if other folks’ experience putting together main deal agreements (merger agreements, s-1s, s-4s, etc.) is a pretty scrappy experience.
Sure, the final documents are polished, but wow what an iterative process it is to get there. I think I’m grappling with some false expectation I had that things look pretty clean from start to finish, whereas I’m learning that in fact a lot of work is needed on even the most basic things like making sure defined terms are consistent or that cross-references add up.
Does this resonate with anyone else’s experience? Is any of this firm-specific or sort of universal? Curious if more experienced folks have thoughts on this. I guess if it were easy to build something that is both substantively sound and pretty, the clients wouldn’t pay us as well as they do.
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whats an updog
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Re: Scrappiness of M&A/CapM
You made an "s" typo in your thread title.
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