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March 26, 2014

Preview of a Loeb & Loeb budget template from our May workshop

At Ark’s Legal Project Management Showcase & Workshop in Chicago on May 22, David Schaefer, Deputy Chair at Loeb & Loeb, will describe several tools his firm utilizes to make it easier for lawyers to provide clients with more accurate and reliable budgets, including the sample template below that the firm has customized for a sell-side M&A transaction. They have created similar customizable templates for other matters, including a variety of corporate, finance and real estate transactions, and commercial, IP and class action litigation. In addition to helping establish and manage the budget, the templates create a consistent approach to gathering data for historical comparison of matters. Mr. Schaefer will also discuss innovative procedures Loeb & Loeb has developed to improve the efficiency of lawyers’ budgeting time by providing staff support and combining the power of ENGAGE with the simplicity of Excel.

Panelists from four additional firms that are national leaders in the movement to provide more value through legal project management will also describe the tools, templates, and approaches that are being used at their firms:

Sari M. Alamuddin, Partner, Morgan Lewis
Vincent Cordo, Global Director of Client Value, Reed Smith
Stuart J T Dodds, Director of Global Pricing and Legal Project Management, Baker & McKenzie
Donald R. Ware, Partner, Foley Hoag

For more details, see the Ark Group’s web page or contact Ark’s Peter Franken at pfranken@ark-group.com or call (312) 212-1301.  A 15% “early bird” discount is available if you register by April 4. 


Budget template for sell-side M&A transaction


F71   Pre-Acquisition






Assemble Team



Retain and negotiate engagement agreements for consultants and experts



Structure transaction and analyze tax issues



Prepare organizational chart


F72   Term Sheet/Letter of Intent



Term Sheet/Letter of Intent



Term Sheet/Letter of Intent


F73   Due Diligence



Due Diligence



Draft and negotiate confidentiality agreements



Review organizational documents



Review material agreements and correspondence



Review intellectual property documentation



Review consent requirements



Review industry specific statutes, regulations and applicable law



Review corporate statutes and applicable law


F75   Purchase Agreement



Purchase Agreement



Review and negotiate Purchase Agreement


F78   Ancillary Agreements (as applicable)



Ancillary Agreements (as applicable)



Review Employment Agreements



Review Noncompetition Agreements



Review Escrow Agreement



Review Bill of Sale and Assignment and Assumption Agreement



Review Assignments of Copyrights, Trademarks and Patents



Review Promissory Note(s)



Draft and review Opinion of Counsel to Seller



Review Opinion of Counsel to Buyer



Draft Indemnification Contribution Agreement



Other Agreements


F79   Disclosure Schedules



Disclosure Schedules



Disclosure Schedules


F80   Consents and Notices (as applicable)



Consents and Notices (as applicable)



Third party consents



Government regulatory consent



Board consent



Shareholder consent



Notice of Appraisal Rights


F81   Filings (as applicable)



Filings (as applicable)






State/Blue Sky Filings



Special Regulatory Filings



Antitrust filings and notifications



Press Release



Qualification to business



Articles/Certificate of Merger


F82   Closing



Closing of Transaction



Closing of Transaction


F83   Post Closing



Post Closing



Post Closing



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