Not all clients are the same

Lawyering

Not all clients are the same.

The legal counsel of a corporate client thanked me for the advice I gave. I thought it was very nice of this legal counsel as I was merely doing my job i.e. providing legal advice. The matter was pretty straight forward but it went back and forth a few times because there were various stakeholders to be satisfied. In the end, we managed to find an amicable solution.

This reminded me of a C-suite executive of another corporate client long time ago. That was a very different experience.

My team conducted legal due diligence for a corporate exercise for this second client. We requested for banking documents to check whether banks’ consents were required for the corporate exercise.

The banking facilities had been renewed, supplemented and amended over a long period of time. The documents provided to us were incomplete. We were trying our best to piece the documents together. Mr C-Suite Executive ranted about our request for outstanding documents. His subordinates told us not to copy him in the emails whenever we requested outstanding documents for fear of being scolded by their superior. I could imagine the kind of stress they went through daily when working with him. Needless to say, our efforts to ensure the client complied with the terms of its banking facilities did not get a word of thanks from him.

Many years later, another colleague who worked with him on another project told me similar encounter with him.

I suppose it’s all in a day’s work.

I try my best for all the work that come to me. However, polite and appreciative clients definitely make me want to go the extra mile for them.

#malaysiancorporatelawyer
#lawyers
#lawyer

This post was originally posted on Linkedin on 11 February 2022. Follow me on Linkedin.

Linkedin Post
Plan the exit before investing as a shareholder

When investing in a company, whether as a founder, co-founder, or strategic investor, most people focus on the business plan, the valuation and the growth potential. One question that is often overlooked: How can a shareholder exit this company, and under what terms?  Share transfers and shareholder exits often happen …

Linkedin Post
Structuring shareholding in companies

Structuring shareholding affects shareholders’ control, rights and exit. The type of shares issued determines: · Who makes decisions · Who gets paid (and when) · Who gets what rights Below is a concise overview of two type of shares and how they serve different purposes: Ordinary Shares The most commonly issued type of …

Linkedin Post
Getting into the details to make a deal work

A big part of my role as a corporate lawyer has been listening to clients explain the commercial terms they want in their deals. The next step is asking the right questions that make those terms work in the real world. Sometimes the parties have a general idea of the …