4 Questions to Ask Before Hiring a Merger and Acquisition Law Firm
During the last few decades, the world has witnessed many big mergers such as Disney-Pixer, Mercedez-Benz and Chrysler, Tata Motors and Jaguar, so and so forth. And while some of these mergers were huge cucesses, there were others that failed, too. So, what is it that led to the failure of the mergers between some of the biggest companies in the world. Well, the reasons vary from merger to merger, but one thing we can say for sure is that their merger acquisition team didn’t do a great job. And that brings us to the point of choosing the right M&A Law firm. Keeping that in mind, in this post we list the four important questions that businesses must ask before hiring an M&A Law firm in Beirut Lebanon or any other part of the world.
1. Are we ready for a merger?
Before you sell your company, you need to ask the lawyer if there are any legal matters that may pose a roadblock to your sale. Besides legal matters there are other various other issues too such as technical, cultural, leadership and others that may obstruct your plans. The M&A lawyer would do a detailed scrutiny of the various aspects of your company to determine if your company is ready for merger or not.
2. Have you handled a similar merger earlier?
Experience matters, and it’s best if the M&A lawyer has specific experience of handling a similar merger. For example, if you are from the auto industry then hiring a lawyer with experience in merger of acquisitions of IT companies may not be as good a decision as hiring a lawyer with experience in dealing with mergers of auto companies.
3. What are the legal costs involved?
Mergers can be really expensive and the legal costs involved are often unpredictable. It all depends on how complex your case is. But no matter what the complexity of your merger, make sure you ask the M&A law firm to share the legal costs involved. You can also ask them for a flat fee that covers all the expenses. This will help you ensure that you don’t end up paying more than what you had budgeted for.
4. What is your team structure?
While the size of the law firm, you are working with, doesn’t really matter, you need to make sure that the firm has a well structured team. That’s because you wouldn’t want the lawyers handling your case to be working on several other cases at the same time. Also, make sure that the firm does have the head attorney in charge and not every important aspect of the case is delegated to the junior lawyers.
Hiring the right M&A law firm will improve your chances of a successful merger. So make sure you hire a reputable firm with years of experience and a track record of successful mergers in the past. All the best!