I m there to make sure the agreement is legal, binding, enforceable and as complete as possible. I can t represent either side if they end up in a dispute sometime later. With only one attorney, the parties don t have to worry about endless discussions between lawyers with the clock ticking away. The parties split the cost of the lawyer s services. Goldman said the total expense for two parties can end up being less than half of what they would pay separate attorneys.
Deals can die The other advantage is control.
Goldman acknowledged that lawyers sometimes get blamed for killing deals. The deal dies over the issue and the clients walk away wondering what happened. People have heard stories like this and shy away from using attorneys. We all join in exploring ways of dealing with the risks. The decision is up to the parties.