82,891
edits
Legal operations: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|work|}}A tremendous new wheeze for rent-seeking from [[legal eagle]]s. Legal operations is a [[second-order derivative]] [[Rent-seeker|military-parasitical complex]] that feeds off the direct first-order rent-seeking of those already in the in-house legal profession. The history of [[Inhouse counsel|inhouse legal]] is interesting, by the way. | {{a|work| | ||
[[File:Twiki.png|450px|thumb|center|Inhouse legal of the future, yesterday.]] | |||
}}A tremendous new wheeze for rent-seeking from [[legal eagle]]s. Legal operations is a [[second-order derivative]] [[Rent-seeker|military-parasitical complex]] that feeds off the direct first-order rent-seeking of those already in the in-house legal profession. The history of [[Inhouse counsel|inhouse legal]] is interesting, by the way. | |||
==The | ==The history of the [[in-house legal eagle|inhouse legal eagle]]== | ||
Once upon a time there were deals, and banks who did them would engage law-firms to do the legals. Each one of these deals — [[Merger|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan|loans]] — involved parties who didn’t know each other awfully well transferring each other lots and lots of ''[[money]]:'' not merely millions, but ''tens'' or even ''hundreds'' of millions of dollars. Every now and then, even ''billions'' of dollars. | Once upon a time there were deals, and banks who did them would engage law-firms to do the legals. Each one of these deals — [[Merger|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan|loans]] — involved parties who didn’t know each other awfully well transferring each other lots and lots of ''[[money]]:'' not merely millions, but ''tens'' or even ''hundreds'' of millions of dollars. Every now and then, even ''billions'' of dollars. | ||