Becoming a business owner helped me become more sensitive to the expense side of transactions. This experience continues to inform and change the way I negotiate contracts and represent clients in general. One of my first transactions as a solo corporate and transactional attorney proved to be an excellent reminder of the importance of taking initiative on behalf of my clients in terms of cost savings.
Shortly after opening my own legal practice I represented a client in a joint venture, which included the acquisition of real estate located in Nevada. However, there was a gap period between funding and closing the deal. The parties were ready to close, so the decision was made to do so in escrow.
A little bit of initiative and thought, saved my client $2,500, but that is not the whole story.
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