Scrappiness of M&A/CapM
Posted: Thu Jan 06, 2022 2:33 am
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.
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.
