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.
Have questions about the expense side of certain legal transactions? Please feel free to contact us at (917) 617-2243 or email aimee@aimeebdavis.com.
Aimee B. Davis Law P.C.
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I could not agree more with the idea that lawyers become better business lawyers when they have to run their own businesses. As a business owner myself I have had difficulties getting my legal counsel to understand basic business concepts or even business commons sense. Kudos to you Aimee.
Thanks Matt – I appreciate you taking the time to comment!
This is the perfect blog for anyone who would like to find out about this topic.
You know a whole lot its almost hard to argue with you (not
that I personally would want to…HaHa). You definitely put a fresh spin on a subject that has been discussed
for many years. Excellent stuff, just great!