Haynes and Boone in the Dallas Business Journal: How Legal Firms Benefit: Good for Business — Yours and Theirs

09/03/2014


When profit is involved, so are laws, rules, regulations — and law firms, major players in the IPO process.

Typically, teams of lawyers work with companies for several months, even a year or more, to prepare public offering paperwork. The firms aid companies with meeting federal regulations; preparing a prospectus, with company information and analysis; registering with the U.S. Securities and Exchange Commission; and finally having their symbol listed the day the stock debuts…

Legal prep costs about $1 million to $1.5 million leading up to IPOs, said Janice Sharry, a Haynes and Boone, LLP partner with IPO experience. According to that math, firms involved in North Texas’ nine offerings split a total of $13.5 million in fees.

“We all benefit when companies bring in money,” adds Greg Samuel, co-chairman of Haynes and Boone’s Capital Markets and Securities Practice Group. “People are very quantitative. They’re going to look for the greatest return.

Excerpted from the Dallas Business Journal, September 3, 2014. To view full article, click here (subscription required).

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