ANALYSIS: In M&A Contract Drafting, Who Holds the Pen?

It turns out that most lawyers working on mergers and acquisitions deals aren’t happy with the contract drafting process. When it comes to law firm M&A lawyers, it’s a given that everyone wants to do more deals. And even though law firm lawyers already hold the pen for the bulk of deal contracts and documents, they would prefer to take on more drafting responsibilities from corporate counsel. But it’s not just the outside lawyers who want more: Some of the in-house lawyers who hire them aren’t happy with the current division of drafting labor, reporting that they want increased ...