Guidance on ballpark legal fees on a deal in the $3M-$5M range?

by a searcher from University of Pennsylvania - The Wharton School

2 weeks ago

I'm interviewing M&A attorneys and would like to hear what other searchers have paid for legal fees and if they were structured as a % of the deal size or just hourly?  Thanks!

1 like
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11 comments

searcher from Harvard University - Harvard Business School

I interviewed several attorneys myself, and got quoted from###-###-#### % EV to $75K (regardless of actual EV, sub $5M). Happy to chat more about how I evaluated and chose my counsel.

2 weeks ago | like reply | 2 likes

searcher from The University of Arizona - Eller College of Management

Others have noted 1% of EV and I think that's fair for the deal size you suggest. Note going larger in business valuation doesn't actually create remarkably more work for the attorney and legal fees should level out. I would just price shop and negotiate with the attorneys you like transparently.

2 weeks ago | like reply | 3 likes

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