Peter Mahler’s excellent NY “business divorce” blog has a must-read post on “what it means to be a business divorce lawyer.” Bottom line: you have to know not just law, but “hand-holding,” “your client’s business,” accounting and valuation, and “the purposes and limitations of litigation.”
Of course this applies to all business lawyering.
Mahler’s analysis raises broader questions, including how are law students trained for this? Can non-lawyers or what I’ve called “legal information products” do some of this, with or without collaboration with lawyers?
