How Do You Manage a Transactional Practice?


As business conditions slowly improve, more companies are doing more deals, and need lawyers to help them do those deals. At the mention of a transactional legal practice, perhaps the first image that would have come to mind not long ago is that of a technology company doing an initial public offering, or a private equity firm acquiring a longtime market leader. But even with an improved economy there isn't nearly the high volume, high priced work in such deals today.

Challenges of Small Businesses

Yet there's another transactional world out there - the world of small and family businesses. According to the latest statistics from the U.S. Small Business Administration, there are more than 27 million small businesses (companies with 500 or fewer employees) in the United States. They account for nearly half of all private sector jobs, and collectively are 99% of all the employers in the country. Each of them is different, but all of them face similar challenges...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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