Lawyering: Being technically good is just the first step

Lawyering

Being good in the technical aspect of law is just the first step in practising law.

There is so much more that goes into practising law in the private practice.

Consider the following:

1. Having a template or precedent (even a good one) would not help much if you do not know what to look out for.

2. What information to ask from clients in order to structure transactions in the most effective manner?

3. What questions to ask potential clients in order to have sufficient information to prepare fee proposals?

4. When requesting other counsels to provide a fee proposal, what information to provide to them in order for them to prepare a sensible fee proposal?

5. How to say “no” gracefully to opportunities which distract from the practice you want to build or do not align with your belief?

6. How to optimize, build and scale a practice?

7. What to look out for in candidates when hiring?
I review every application for corporate associate position forwarded to me by our HR department for our current recruitment. I could only sigh when candidates do not make good use of their cover letters or have typos or grammar mistakes in their applications.

#malaysiancorporatelawyer
#lawyers

This post was first posted on Linkedin on 21 August 2022.

Linkedin Post
Earn-out: A postponed dispute?

An earn-out is often the solution when a buyer and seller cannot agree on price. The seller believes the business is worth more than what the buyer is willing to pay upfront. So, the parties resolve the issue by deferring the portion of the price they cannot agree on, with …

Linkedin Post
The disclosure letter: Why founders selling their companies should not treat it as an afterthought

When founders sell their companies, the scope of legal work usually focuses on the share sale and purchase agreement (SPA). The disclosure letter is sometimes treated as secondary to the SPA but it should not have been the case. The disclosure letter sets out the exceptions to the sellers’ representations …

Linkedin Post
Third-party consents in a share sale: What sellers should check before negotiating

When a company is sold, due diligence is usually conducted by the buyer, not the seller. That means the consents required from regulators, other shareholders, financiers or IP licensors to complete the sale are often only discovered when the buyer’s lawyers identify them during legal due diligence. By then, the …