Deal Lawyers Prod Clients For Regular Payments

Law360, New York (November 23, 2009, 7:50 PM EST) -- With the days of certain deal business long behind them, some mergers and acquisitions and corporate finance lawyers are shifting their billing practices, urging clients to make periodic payments or attempting other alternative measures in an effort to avoid the possibility of being left empty-handed if a transaction falls through.

Historically, while a lawyer might not have gotten paid much if a deal failed to close, he could count on a client to provide additional business opportunities in the near future, said Timothy B. Corcoran, a...
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