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
Partial Share Sales in Malaysia: What Sellers Need to Know About Guarantees

In partial disposals, it’s common for sellers and buyers to agree that any existing guarantees given by the sellers to secure banking facilities of the target companies will be adjusted to reflect the post-completion shareholding. For public listed companies (PLCs) in Malaysia, this can affect the deal timeline if not …

Linkedin Post
M&A Break Fees: Practical Constraints in Malaysia

In M&A transactions, break fees refer to a pre-agreed sum payable if a party withdraws from a proposed transaction without any breach by the counterparty. In principle, break fees are intended to deter frivolous exits and to compensate the other party for transaction-related costs, including due diligence and advisory expenses. …

Linkedin Post
M&A Disclosure Letter: DIY or Get a Lawyer?

In M&A transactions, a disclosure letter sets out the exceptions and qualifications to the representations and warranties (R&Ws) given by a seller in a share sale and purchase agreement (SPA). Getting it wrong can turn an unintentional misstatement into a breach of contract, with serious legal and financial consequences. Should …