ANALYSIS: Control of First Drafts Is Key to M&A Lawyer Comfort

It really is all about control. As discussed in our recent analysis, more than half of respondents to Bloomberg Law’s M&A Deal Insights 2020 survey reported that they are uncomfortable with how the drafting of principal agreements in mergers and acquisitions transactions is assigned to in-house and external deal teams. When those same uncomfortable respondents were asked which factors contributed to their desire for a new way to divide drafting work, the top answer was their desire for control over first drafts of agreements. M&A lawyers’ desire to retain control beat out other potential rationales — including those related ...