How should I select an attorney?
By Adam Friend | Senior Vice President of Business Development
In the court reporting industry, we have many relationships with attorneys, though most of those tend to be focused on litigation. I recommend several criteria when selecting an attorney.
• The single most important factor is that it should be someone who dedicates most, if not all of his professional time to advising on company acquisitions and dispositions. While you may have a cousin who practices real estate law, or a neighbor who is a divorce attorney, you will be best served by someone who has 10+ years experience handling corporate M&A transactions. They will have seen most issues before and can think creatively about how to address your key concerns.
• As a small business, it probably best serves you to work with a smaller law firm. In addition to having more affordable rates, you will usually get a higher level of service.
• Get references from others who have used your specific attorney on a transaction before.
• Find out who will actually be doing the work. Typically the majority of the heavy lifting will be performed by an associate, and the quality and experience level can be quite variable. The partner will be doing key negotiations and overseeing the work but the associate has a big impact on having a good outcome.
• Work with someone whom you like and has a reputation for being responsive. The sale process can be stressful, and you want someone who is a steady hand and makes you feel comfortable.