A guide for deal teams to help control outside legal costs and improve investment returns

The legal costs associated with M&A transactions already threaten to erode the returns of private capital investments.

And, as these costs grow, so too has the level of scrutiny on these expenses – according to a pair of independent Apperio studies into the PE legal spend landscape and internal legal spend accountability in PE firms.

So, should senior investment leaders and deal teams worry about legal expenses? And if so, what is their role, exactly?

Based on what the PE legal leaders we surveyed have told us, this short guide for investment team leaders aims to provide insight on:

• The role of investment teams in influencing legal costs;
• Legal spend benchmarks for typical M&A transactions;
• The importance of predictability and cost certainty;
• Technology solutions to help manage and improve spend transparency.