Legal value

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The dilemma for professional services providers is how to show your positive contribution without actively destroying value.

For, if I send my lawyer a 90-page indenture and it comes back unmarked, “all fine”, but accompanied by a hefty note of costs, do I feel I am getting value for money?

Generally, I do not. So lawyers have developed techniques for making formal changes which do not alter the substance, but give comfort that the document has indeed been pored over, forensically considered, and buffed and polished. These parenthetical statements we call flannel in these pages, and can usually be identified by tells like “for the avoidance of doubt”, “without limitation...”, “whether or not...”, or “notwithstanding the foregoing...”.