Situation
The law department for a mining company did not have the legal resources necessary to support the potential sale of the company. To control costs, the company wanted to coordinate and control the due diligence and data room process, as well as the production and drafting of disclosure schedules for the purchase and sale agreement internally, rather than relying completely on outside counsel.
Solutions
Morae Global:
- Provided a team of Morae attorneys to work with outside counsel to complete the transaction. This included responsibility for the coordination and control of the due diligence and data room process and the production and drafting of disclosure schedules for the purchase and sale agreement.
Benefits
The company gained access to legal professionals who understood how to effectively administer a large transaction from an in-house perspective, which provided greater efficiency and control. The company achieved cost savings of 40 percent.