An article in the FT argues that M&A lawyers are increasingly expected to provide insights beyond the letter of the law, and that they should have the capacity to evaluate business risk as well.
“Public company boards often have to make decisions based on imperfect information,” he says. “A good lawyer should be able to say with conviction what they would do in the board’s position and to do that they cannot answer just on a legal basis, it has to be done with management of business risk in mind.”