Looking to hire an M&A attorney for a sub-$5MM deal. Estimated legal costs?

by a searcher

3 years ago

Looking to hire an M&A attorney for a sub-$5MM deal, no regulatory or environmental issues. Anticipate debt financing + equity raise from investors. Any idea on what kind the total legal bill I can anticipate? CPA quotes have a pretty wide range and I have settled for a middle of the road option.

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professional from University of Minnesota - Twin Cities Campus

Some really great input from ^Searchfunder member‌ above. Get a lot of free consultations and pester those lawyers about 1) price - be clear about any limitations or expectations up front, some lawyers are expensive, and some lawyers are insanely expensive; and 2) specific experience - I think M&A experience is very important (obviously) but also specific M&A experience at this price point, which is something of a different animal.

3 years ago | like reply | 0 likes

professional from University of Richmond

Happy to help. I suggest speaking with a few firms and getting firm estimates from each. Other equally important cost-related considerations are (a) size of retainer/security deposit, and (b) dead deal fees. Hourly rates are a red herring unless they are paired with time estimates. https://www.swclaw.com/people/braden-m-wayne/

3 years ago | like reply | 0 likes

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