For New Sellers: Key Insights on Preparing a Company for Sale from an Experienced M&A Attorney
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The Importance of Sunk Costs in Deals
Lawrence Lessig: Sunk costs play a major role in some of the world's biggest deals. He says clients who have invested so much often find themselves backed into a corner. A client was going to walk with like $25 million, but he'd rather walk with $35 million if that's what the market value is,. Lawless: Just because you have a big law firm and big private equity firm doesn't mean they're necessarily great advisors.
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