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Once upon a time, there were big, clunking deals, and banks who did them would engage law-firms to do the “legals”. | Once upon a time, there were big, clunking deals, and banks who did them would engage law-firms to do the “legals”. | ||
Each of these deals — [[Merger|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan|loans]] — involved parties who weren’t well acquainted sending each other | Each of these deals — [[Merger|mergers, acquisitions]], equity offerings, [[bond]] issues, syndicated [[Loan|loans]] — involved parties who weren’t well acquainted sending each other pots and pots of ''[[money]]'': not merely millions, but ''tens'' or even ''hundreds'' of millions. Every so often, ''billions''. | ||
So two rather obvious observations: | So two rather obvious observations: | ||