Case Study: AmLaw 100 Law Firm Delivering Financial Services

CLIENT:

An AmLaw 100 firm delivering Finance, Tax, Transactional and Real Estate legal services in North Carolina. The firm's mix of local, national and international experience, together with its well-known dedication to responding to client needs with resourceful solutions, has had a marked effect on the North Carolina legal market. The office has attracted several regional clients, including two of the nation's largest financial institutions; a number of other leading corporations, both publicly traded and privately held; partnerships; hedge funds and other investment vehicles.

PROBLEM:

TransactionalOur AmLaw 100 client was facing pressure from its largest financial services clients to control cost while continuing to deliver the highest quality services by the best and brightest attorneys in the region. The legal services being delivered were impacted by volatile market fluctuations, and it was difficult to predict the peaks and valleys throughout the year. Thus, retaining full-time associates to cover work peaks became a costly line item on the firm's balance sheet.

SOLUTION:

Major, Lindsey & Africa's Solutions Practice Group was able to offer our client specialized legal services to assist with workload demand on an interim basis as opportunities arose. Our highly credentialed finance attorneys had two to four years of experience with specialized skills in funds, subscription and/or leveraged resources. Our finance attorneys were billable resources to the AmLaw 100 firm clients.

SUCCESS:

Since our relationship initiated in 2014, we have placed four associates to support the AmLaw firm and their respective financial services clients. Our associates support transactions involving the representation of financial institutions as lenders and lead agents in subscription credit facilities and other fund financings. Day-to-day responsibilities include:

  • Finalizing deals and preparing documents for closings
  • Working with clients in order to negotiate terms with opposing counsel
  • Drafting finance credit agreements and exhibits, including Subscription Credit Facilities

By utilizing our contract finance attorneys, the AmLaw 100 firm has been able to retain its client and maintain its premier level of service while increasing profitability.

CATEGORY: Transactional

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