My partner and I are in the initial stages of embarking on a partnered, self-funded search (launch within the next###-###-#### months). We are looking for cost effective legal counsel help draft an operating agreement and help create a legal entity for our search - we want to start this process over the next few months. I am seeking any tips for the best methods to find law firms with experience in this space?

At this stage (~1 year from launching our search), is it advisable to find counsel that we can use also use partner with for diligence / deal counsel? Or is any firm offering entity drafting and formation services at a low cost sufficient? Is it necessary to have legal counsel be local to our search geographies?