Conducting thorough business due diligence can help companies avoid encountering costly surprises after a deal has been finalized. For organizations without dedicated resources to vet potential business deals effectively and efficiently, due diligence can be overwhelming and resource-draining when tackled wholly in-house. If you have not previously considered outsourcing due diligence services, or are apprehensive about doing so, clearing up some common misconceptions may answer your outstanding questions about whether it is a good fit for your law firm or legal department.
Misconception #1: Quality will be sacrificed when outsourcing the due diligence process.
Fact: Outsourcing due diligence support to a company that specializes in these legal services can result in a high-quality deliverable without straining internal resources. Because a due diligence provider is equipped to be both broad and thorough in their review, the resulting information can help businesses make more informed decisions.
Misconception #2: Outsourcing business due diligence means sacrificing security and confidentiality.
Fact: You should always carefully vet providers before selecting an outsourced solution to handle due diligence or any other legal support service. Qualified due diligence providers have systems, processes, and safeguards in place to ensure confidentiality. Furthermore, many outsourced attorneys – whether in the U.S. or abroad – are bound by the same standards for attorney-client privilege and confidentiality that you would expect from any major law firm.
Misconception #3: The personnel conducting due diligence at an offshore provider aren’t skilled or effectively trained.
Fact: The misconception that outsourcing due diligence results in cost savings because it relies on less skilled labor is only true in instances where a company has not been thoroughly vetted and does not work with experienced professionals. Outsourcing your business due diligence tasks to qualified attorneys – both in the U.S. and offshore – means you’re getting the expertise and skill of trained legal professionals who understand U.S. laws and are adept at what they do. It’s these efficiencies that can help businesses keep resources in check when evaluating business transactions.
Baer Reed has a staff of dedicated and expertly trained attorneys who help law firms and corporate legal departments with their due diligence needs. To learn more about how outsourcing business due diligence can result in cost savings and efficiencies, contact us online today, or call us at (888) 433-1990.
Mr. Reyes graduated with honors from the Ateneo de Manila University, where he received the Procter and Gamble Student Excellence Award. He obtained his Juris Doctor degree from the Ateneo de Manila School of Law. During law school, Mr. Reyes was part of the Philippine delegation to the Willem C. Vis International Commercial Arbitration Moot held in Vienna, Austria. He was also a member of the Ateneo Society of International Law and the St. Thomas More Debate Society. He completed his internship at the Public Attorney’s Office. He wrote a thesis entitled: “To Kill A White Elephant: An Analysis of the Fiduciary Exception to the Corporate Attorney-Client Privilege”. Mr. Reyes is admitted to practice law in the Philippines and the State of New York.
Ms. Lardizabal-Manzano is a graduate of San Sebastian College-Recoletos, where she earned her B.A. in Political Science. In 2003, she received her law degree from Lyceum of the Philippines and was admitted to practice law in 2004.
Matthew Hersh earned a B.A. in Political Science from Columbia University in 1990 and graduated cum laude from Georgetown University Law Center in 1999. He also holds a master’s degree in international relations from the Georgetown University School of Foreign Service.
Cap. Avi Levak (Res. IDF) graduated from from Israel’s prestigious Ben-Gurion University of the Negev with a Bachelor of Science in Computer Science and Mathematics. He is also a Leadership and Communication coach trained in TuT coaching by Alon gal in Israel. Avi specializes in high-level, in-depth analysis of business and client needs, within systems and software strategy and architecture.
Ms. Tyler graduated cum laude from Georgetown University and received her law degree, cum laude, from Georgetown University Law Center. During law school, she interned at the United Nations Economic Commission for Europe. She also worked on The Tax Lawyer journal and was a member of the award-winning Barristers’ Council Mock Trial Team. Ms. Tyler is admitted to practice law in the State of California and the District of Columbia.
Ms. Cruz-Anonuevo graduated cum laude and top nine in her batch from Miriam College with a degree of Bachelor of Arts in InternationalStudies. She obtained her Juris Doctor degree from Ateneo de Manila University School of Law in Rockwell. During law school, she interned in Rivera, Santos, Maranan & Associates. She was also part of Ateneo’s Labor Law Bar Operations. She wrote her thesis on, “Stealing Privacy: Limitations on Media’s Photographic Invasion.,” Ms. Cruz-Anonuevo is admitted to practice law in the Philippines.
Ms. Aquino-Batallones obtained a Bachelor of Arts degree in Development Studies (with Minors in Global Politics and Hispanic Studies) from the Ateneo de Manila University. In 2011, she received her Juris Doctor degree from Ateneo de Manila University School of Law. During law school, she interned at Romulo Mabanta Buenaventura Sayoc & de los Angeles then became an intern of Ateneo Legal Services Center’s Clinical Legal Education Program.
Mr. De Guzman graduated from San Beda College with a degree of Bachelor of Arts Major in Economics and received his law degree from San Beda College of Law. He is multilingual and is fluent in three languages: Chinese, Filipino, and English. He was admitted to the Philippine Bar in 2003.