Is there an inherent inefficiency in having three separate firms, spread across North America, working on one transaction?
No. Complex transactions are now almost exclusively conducted through the use of technology such as Internet, teleconferencing, extranets, and videoconferencing. Whether the project parties are across the street or across the country, modern business protocol requires that communications among parties and their advisors be conveyed electronically. To the extent that a project requires that certain personnel be within close proximity, particularly the transaction leader and the client, the structure of the transaction team will reflect that those members are put on the team.
Related Questions
- Should I create a separate EndNote library for each project I am working on, or keep all my references in one large library?
- How is a Plexus transaction managed among the three firms? Does the client need to manage three separate law firms?
- Is it possible for multiple users to be working on MiMiC v3 from separate remote desktop stations?
