On August 27, Chuck Morton published "How to Make a Deal" in Law360’s series, Law School’s Missed Lessons. In this feature, Chuck shares insights on what law schools often overlook when preparing young lawyers for the complexities of transactional law. The following is an excerpt:
Law schools do many things well, but preparing lawyers for the nuances of a transactional practice is not among them.
Being a successful M&A lawyer requires an understanding of a broad spectrum of legal disciplines to assess and allocate risk. It also requires an ability to decipher applicable cases and statutory provisions, and to apply those lessons in documents with clarity.
While precision in drafting is essential, a basic understanding of finance and accounting principles can also be required. These challenges, and others, make the early years of practice particularly important for young lawyers in this field.
These six lessons are intended to help young M&A lawyers progress more rapidly toward becoming a seasoned, trusted adviser who guides clients confidently in complex transactions.
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