Legal expenses?

June 29, 2020
by a searcher from University of Texas at Austin in Houston, TX, USA
I am considering a self-funded search, but am apprehensive about upfront legal costs and potential broken deal fees. I was curious if anyone had any i) estimates for legal expenses I can expect and ii) tips for reducing potential legal fee's while still getting legal counsel involved early in the process?
Thank you!
from Stanford University in San Francisco, CA, USA
Keep in mind that it's not normal for you to pay legal costs out of pocket - fairly standard to include terms that the company will reimburse the cost of legal fees. That being said, the "company" will be paying fees out of the funding that you put in to complete the acquisition, so it's in your best interest to keep the transaction efficient (though you won't be held personally on the hook for it).
from Columbia University in Dallas, TX, USA