Tag: transactions

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The Practice of Law

Reflections on M&A, Musical Chairs, and Mental Health

Children playing with balls.
Photo by Yan Krukau at Pexels.

People of my vintage remember playing musical chairs at birthday parties, back before the days when money was so plentiful that it seemed to be important to impress the neighbours by hiring clowns and musicians or renting bouncy castles to entertain five-year-olds.

For those of you who did not have the pleasure of being pushed off of a chair by some mean kid who had fifty pounds on you, the idea was that music would be played while the children would circle a number of chairs that was always one fewer than the number of kids marching around them.

read more about the game of Mergers and Acquisitions “Reflections on M&A, Musical Chairs, and Mental Health”
Categories
The Practice of Law

Let’s Pretend that the Closing Date is Realistic

Hand holding pen signing agreement.

My many years of practice taught me that clients usually want to close their transactions quickly. 

You would think that they would want to close when everyone involved has had the time to do the job properly, but that does not seem to be the case.  Apparently, ‘quickly’ is when deals have to close.  Now, in fairness, there is often a good reason to close a deal quickly. A business reason, or a tax reason, perhaps.  But, more often than not, the desire to close the deal quickly seems to constitute an independent, over-reaching, crucial goal.

read more about how lawyers are forced to fib about closing dates “Let’s Pretend that the Closing Date is Realistic”