Legal Fees Could Dive in M&A Downturn
Posted Oct 3, 2007 8:11 AM CDT
By Debra Cassens Weiss
Lawyers at firms specializing in mergers and acquisitions fear premium law-firm billing will dry up along with the M&A work that included such fees.
“Since the credit market began to tighten this summer, an event that brought new deals to a crawl and has upset several old ones, many lawyers have been wondering whether the premium party is over, or whether it has taken merely a short pause,” Lat writes.