I know lenders like seeing brand names on deals to feel safer about providing leverage for a deal but the rates these firms charge relative to what in-house counsel would cost is ridiculous.
Does anyone know how lenders view transactions being handled on the legal end by in-house counsel VS external?
By in-house I mean someone with a real track record and history working at large brand names in M&A, not some random guy that worked at some local law firm with 3 people handling divorce (lol).
Just kills me paying 1 year's salary for one fucking deal and then having to worry about dead deal fees too. Would be nice being able to go after deals more aggressively.
Thoughts? Experience? This is LMM specific for what it's worth so the legal side isn't overly complex anyways as all deals are in the US and around $5M - $15M or so, so something one guy can easily handle.