That document there on the right? That’s the document that makes the legal industry seem archaic. It’s the one that makes CEOs think of their law departments as incorrigible cost centers. 
It’s the one that makes lawyers feel defensive.
If you’re an M&A lawyer, or a deal professional, it won’t be your first viewing of this species. It’s a standard law firm M&A diligence memo. They’re produced by the thousands every year.
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