Bloomberg Law Celebrates Promising Young Lawyers in Annual 40 Under 40 List
ARLINGTON, VA — Bloomberg Law is proud to unveil the winners of this year’s “They’ve Got Next: The 40 Under 40,” spotlighting the achievements of the nation’s most promising young lawyers. The complete list of this year’s honorees, featuring Q&As and a fun, data dive into the group by the numbers, as well as a peek into their interests outside of law, can be found at https://aboutblaw.com/beZe.
This is the fourth year for Bloomberg Law’s “They’ve Got Next: The 40 Under 40,” program, through which law firms, corporations, non-profits and government agencies across the United States are invited to nominate standout attorneys. A newsroom-wide team of editors assessed candidates for this prestigious award based on their records of success for clients, leadership service, and commitment to pro bono work.
This year’s awardees represent a diverse spectrum of legal fields, including antitrust, appellate, banking and finance, bankruptcy and restructuring, capital markets, emerging technology transactions and intellectual property, energy, environmental law, food and beverage, health care and life sciences, labor and employment, litigation, mergers and acquisitions, products liability, securities and shareholder actions, and white collar, investigations and crisis leadership.
“We are thrilled to celebrate the fourth annual edition of They’ve Got Next: The 40 Under 40. We celebrate our illustrious 2024 honorees, who are the newest members of our Bloomberg Law tradition honoring the brightest legal minds across the country,” said Lisa Helem, executive editor, Bloomberg Industry Group. “These individuals excel and innovate in their work for clients, in their service to their communities, and their leadership roles in their organizations. Already, these young lawyers are modeling the best of the future of the legal profession with their groundbreaking work in high-stakes litigation, pivotal government investigations, complex mergers and acquisitions, and other key matters.”
About Bloomberg Law
Bloomberg Law combines the latest in legal technology with workflow tools, comprehensive primary and secondary sources, trusted news, expert analysis, and business intelligence. For more than a decade, Bloomberg Law has been a trailblazer in its application of AI and machine learning. Bloomberg Law’s deep expertise and commitment to innovation provide a competitive edge to help improve attorney productivity and efficiency. For more information, visit Bloomberg Law.
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Ransomware Attacks: Litigating a Growing Threat
As ransomware attacks escalate globally, so does the volume of related litigation
For U.S. businesses, the prime target for these cyber threats, it’s crucial for litigators and corporate counsel to understand the evolving legal landscape. This data-driven report delves into recent ransomware-related lawsuits, examines judicial decisions, and highlights prevalent claims and arguments so you’re equipped for what’s ahead.
Explore these topics:
- The business of ransomware
- Current litigation trends
- Common causes of action in lawsuits
- Detailed case analysis
Download your complimentary copy today.
This is the second report in the 2024 Litigation Trends Series. The first report, on ESG Litigation, is available here. Watch for more insights from our Litigation Trends Series. Up next: Supreme Court Review.
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Three Ways to Draft M&A Agreements with Confidence
We’ve seen an unprecedented amount of M&A activity since 2021. With no slowdown in sight, transactional attorneys are turning to AI-powered tools to streamline workflows and mitigate risks in their contracts.
The search for benchmarking information is often elusive and time-intensive, and existing workflows and tools can leave deal attorneys feeling insecure about their drafting decisions. To meet expectations and strengthen confidence in both the drafting and negotiating of agreements, attorneys must broaden their current approach to M&A drafting workflows.
With predictions for a busy M&A year ahead, new approaches to contract drafting workflows can help transactional attorneys thrive. Here are three ways that Bloomberg Law’s Draft Analyzer can help attorneys streamline review and navigation, access integrated drafting guidance, and instantly benchmark draft language against the thousands of merger agreements filed in EDGAR.
[Watch our on-demand webinar Transforming M&A: AI Innovations for Legal Professionals to discover how AI is revolutionizing M&A practices.]
1. Monitor M&A trends
Despite the complications and business disruptions caused by the global pandemic and the wider economic downturn, pending and completed M&A deal volume dropped only 7% in 2020.
“The impressive number of M&A deals that made it to the finish line in 2020, as well as a typical number of deals that fell apart, is cause for optimism,” wrote Grace Maral Burnett, legal analyst on Bloomberg Law’s transactional team, in a recent analysis. “They paint a picture of how resilient the M&A market and dealmakers have been amid this pandemic.”
One post-pandemic trend to watch closely is the rise in SPAC mergers. As Burnett notes, a record number of publicly-traded special purpose acquisition companies entered into definitive agreements to take over private targets.
2. Examine data-gathering inefficiencies
Not surprisingly, draft recipients and those who hold the pen alike express a lack of comfort with current drafting workflows. In a 2020 Bloomberg Law survey of 138 law firms and in-house attorneys who spend at least 20% of their time on M&A tasks, more than half had concerns about the division of labor for drafting principal M&A deals. But workload and staff constraints were impediments to taking on more work.
There is no better illustration of drafting inefficiencies than the never-ending quest to identify market-standard language for particular clauses. In a scene familiar to transactional attorneys, the search for market-standard language can be time-consuming manual work, as associates scour transaction after transaction.
3. Harness the power of technology
Driven by machine learning and natural language processing, Bloomberg Law’s Draft Analyzer provides efficiencies and insightful analysis that help streamline an attorney’s workflow.
Draft Analyzer broadens the toolkit available to lawyers working on M&A transactions to maximize efficiencies across all four corners of the merger agreement drafting workflow: reviewing, drafting, writing, and negotiating.
Through its integrated features, Draft Analyzer helps M&A attorneys stay on task and utilize a single tool on one research platform:
Interactive clause outline
Once you upload a document, Draft Analyzer will display a clause outline of the entire merger agreement. Each section of the outline is linked so you can easily jump to a certain section or clause.
Definition extraction
Draft Analyzer identifies where each term is defined within an agreement, such as in the preamble or other clause, and links those definitions so they’re easily surfaced with a single click.
Market-standard analysis
This feature offers real-time insights into market criteria – specifically, how this clause is most commonly enunciated in merger agreements filed in the EDGAR database.
Individual paragraph analysis
Driven by machine learning, Draft Analyzer examines a particular paragraph against similar paragraphs in merger agreements filed in the EDGAR database. Users can discover how their text compares to linguistically similar paragraphs in other agreements.
Integrated guidance
With Bloomberg Law’s vast digital library of M&A-specific Practical Guidance integrated into Draft Analyzer, you can access sample agreements, document descriptions, drafting guides, checklists, or topical overviews without ever leaving the platform.
[Watch our on-demand webinar Transforming M&A: AI Innovations for Legal Professionals to discover how AI is revolutionizing M&A practices.]
Recommended for you
Our Approach to AI
We’re committed to innovation
Bloomberg Law has been at the forefront of innovation and legal information delivery since 2009 – providing fast access to news, data, unique insights, and tools that help legal professionals turn knowledge into action.
We believe in serving our customers with unparalleled industry expertise alongside state-of-the-art technology. Our business is built on technology that makes our vast collection of legal information searchable, discoverable, and actionable.
With more than a decade of experience in applying AI to legal information and workflows, we continue to develop new ways for our customers to make data-driven decisions while saving time and resources.
AI Overview for Bloomberg Law
As a leading content and technology service provider to the legal industry, Bloomberg Law continues to create smarter, more focused AI-enhanced applications for our customers. This includes increasing the relevancy of search results, surfacing deep insights from analysis of millions of documents, serving up-to-the-minute news, generating answers, and providing document drafting support.
As there continues to be an exponential increase in legal information, sophisticated AI techniques help us deliver the most important insights you need.
Our success in building AI-enhanced solutions is due to our dedication in four key areas:
- Expertise and accuracy
- Customer-centric approach
- Transparency you can trust
- Differentiated content
Expertise and accuracy
As an affiliate of Bloomberg L.P., we have access to deep professional experience in the field of AI. Bloomberg Industry Group utilizes hundreds of AI researchers and engineers who are constantly exploring state-of-the-art AI tools and technologies to determine how to apply them in the legal domain.
In addition to building and deploying AI models in the company’s solutions, these researchers and engineers also publish multiple research papers each year, putting us at the forefront of AI research and the deployment of AI solutions. As a result of this work, and with the emergence and proliferation of generative AI, we are uniquely positioned to understand both its power and its limitations, so we can build safeguards that foster accuracy in our AI models.
In fact, many of our engineers have worked on Bloomberg Law for more than a decade, developing deep domain expertise. Their understanding of the legal domain enables them to understand our customers’ problems and apply the appropriate technology to solving them.
For our customers, two realities are often in conflict: accuracy is essential, but much of their decision-making is based on interpretations of nuanced statutes, regulations, case law, and more.
Our approach to ensuring accuracy in our generative AI tools is equally thorough. We know generative AI can be inconsistent – hallucinations, inaccuracies, and lack of context are all things we work to avoid and correct in our generative AI offerings.
We utilize the industry-standard retrieval-augmented generation (RAG) framework, as well as our proprietary guardrail service that leverages our foundational technology, deep legal domain expertise, and content to ensure AI-generated content is grounded in our original content written by legal experts or primary source materials, not the internet at large.
We also have an extensive benchmarking process and user acceptance standards. With the help of former attorneys, we evaluate the accuracy of our generative AI at all phases – from development and early internal testing to the beta environment and customer testing, and onward throughout the life of the product. With these guardrails in place, we’re able to continuously tune and fix the model to prevent it from drifting over time or answers becoming less accurate.
Customer-centric approach
It’s in our DNA to be obsessed with providing our customers with cutting-edge technology built on a foundation of trusted news and analysis that makes them more efficient, more effective, and more knowledgeable about the issues that matter most.
When we build AI-powered tools, our primary focus is whether they will actually solve our customers’ challenges. We understand that adopting new technologies and workflows can be disruptive, costly, and time consuming. Our mission is to reduce friction and create a natural, incremental transition to using AI.
Rather than developing technology that will upend a customer’s entire workflow or create the end work product, we have taken a building-block approach that focuses on addressing one specific task at a time and seamlessly integrating into existing processes. Collectively, these efficiencies add up to a user-empowered workstream with a low barrier to entry.
We want our AI to make your job easier – not do it for you.
One example of this is Bloomberg Law’s Innovation Studio, where we develop new AI tools through partnerships with our customers. This allows real users to provide feedback and have direct input on what challenges we address, which solutions we build and how they function, and the degree to which they interact with AI in our product.
When interacting with our generative AI experiments, customers can provide immediate feedback to help us evolve our models, ensure accuracy, and fit within their desired workflow.
As always, Bloomberg Law will continue to collaborate with our customers and empower them to drive the direction of our product development to best serve their needs.
Transparency you can trust
At Bloomberg Law, we believe that transparency is the key ingredient to building trust in our AI.
We are committed to providing our customers with clear documentation of:
- Where and when our products employ generative AI
- The sources used by our AI
- The benchmarking and validation process for our AI
Throughout our history of employing AI in our products, we have never left a user guessing about where information is coming from. For example, our tools that have traditionally used machine learning to suggest related content will indicate why that content is being suggested. Likewise, when generative AI provides an answer or suggests text, it includes links to source material and/or an explanation of why it returned that result.
While we understand the power of generative AI, we also recognize its limitations. AI-generated responses are never 100% trustworthy and pose the risk of hallucinations. We do our best to mitigate these risks by beta testing all generative AI tools before releasing them. In addition, our AI doesn’t generate answers on its own – it also looks through our large collection of carefully vetted information to enhance the accuracy and reliability of the responses it provides. In fact, Bloomberg Law’s Answers and AI Assistant features will abstain from answering when there is no available content covering the topic in question or when the search query is outside the legal scope.
Our brains and expertise are still needed as part of the equation, so we advise all our customers to validate the responses with primary sources and to use their best judgment.
Differentiated content
Bloomberg Law’s cutting-edge AI technology is built on a foundation of:
- Comprehensive primary and secondary sources
- Award-winning unbiased news
- Expert attorney-written analysis
- Unparalleled business intelligence
This trove of authoritative content is constantly expanding, including our database of 15.5+ million court opinions that increases by 50,000 per month and our collection of 8,200+ practitioner-written guidance documents that grows to cover new issues as they arise.
Our large language models are training on this specialized content, and every answer, summary, or legal document generated is sourced from expert-vetted materials. AI is also applied to this massive collection of information to improve discoverability and allow users to find precisely what they’re looking for in less time.
AI in our products
The use of AI makes our content more discoverable, delivers answers and insights to our customers, and unlocks connections across millions of documents to lead users to useful information they might not have considered or found otherwise.
Bloomberg Law provides access to information and analytics on various content sets, including:
- Nearly 200 million dockets with more than 21 million associated pleadings
- 8,200+ proprietary Practical Guidance documents
- 15.5+ million court opinions
- 5+ million codified statutes and regulations
- 75 million EDGAR filings
To make this mountain of information useful, Bloomberg Law is enhanced by several AI applications that help customers maximize efficiency and uncover important, actionable insights.
We leverage AI – including machine learning (ML), natural language processing (NLP), information retrieval (IR), recommendation systems, and large language models (LLM) – to help process and organize the ever-increasing volume of information needed to work more quickly and efficiently.
Bloomberg Law uses AI in three broad areas:
- Extraction
- Search
- Summarization
Extraction
Machine learning and natural language processing algorithms are used to read various documents – including dockets, company filings, contracts, and laws – and extract semantic meaning from them. Extracting and normalizing such information with accuracy and low latency requires training, fine-tuning, and then optimizing for speed.
AI is essential to the collection of information that powers our best-in-class Docket Search, comprehensive Litigation Analytics, and award-winning Points of Law tool.
For example, by applying machine learning to our database of dockets and court opinions, we extract insights and connections that improve the speed and comprehensiveness of case law research.
Similarly, Bloomberg Law’s court opinion citator, BCITE, uses machine learning and natural language processing to allow users to quickly determine whether the holding of a court opinion is still valid law.
Additionally, we use machine learning to automatically parse and save contract clauses into a searchable library and extract key contract terms and obligations to improve oversight and discoverability through Bloomberg Law Contract Solutions.
Search
With the help of AI, you can find the information you need within the wide variety of news, analysis, and additional primary and secondary sources that Bloomberg Law provides. AI enables us to deliver a comprehensive search experience for the entire platform, allowing you to easily discover what is particularly relevant to you.
Users can simply type phrases or ask questions in natural language to search across all resources. Our AI also supports the use of traditional Boolean search structure, which we know many of our users prefer. Search results will provide the information you want or point you to resources where you can do deeper research to find the answer.
Within our market-leading docket search feature, we use machine learning to make it easy to narrow searches to exactly the types of pleadings, motions, and briefs you need. The algorithm helps surface the filings users are looking for, not those that merely mention the keyword.
Summarization
To help speed up your consumption of news and research, Bloomberg Law’s generative AI condenses the most important information into short, easy-to-absorb answers. This approach enables you to quickly understand key themes and points within a large volume of documents.
For example, Bloomberg Law Answers generates a response or summary to your question or keyword utilizing primary and secondary source documents. The feature also provides citations and links to supporting authorities and source documents that were used when generating the answer.
Likewise, our AI Assistant is a chat-based efficiency and discovery tool, allowing users to complete their research faster and discover resources and tools on the Bloomberg Law platform to facilitate their legal work.
Generative AI technologies are also used in our Complaint Summaries tool, which generates a brief explanation of the facts and allegations of a complaint directly in docket alert emails, and Clause Adviser, which helps legal professionals save time and negotiate effectively by providing plain English explanations of complex contract language and determining whether it favors their side of a transaction.
2024 Bankruptcy Toolkit for Beginners
As Chapter 11 filings rise, law firms are broadening their bankruptcy practice groups, necessitating more comprehensive training for associates.
This report enhances your training efforts by compiling essential excerpts from our Bankruptcy Fundamentals and Bankruptcy Investigations & Discovery Toolkits. It offers practical, task-based guidance crucial for new associates in bankruptcy and restructuring roles, focusing on the core aspects of bankruptcy practice that are especially beneficial for those new to the field.
Topics include:
- The Bankruptcy Code and the Bankruptcy Rules
- The role of creditors’ committees
- Conducting discovery in bankruptcy
- Bankruptcy research strategies
Download your complimentary copy today.
Bloomberg Law DEI Framework Recognizes 57 Firms Leading in Diversity, Equity, and Inclusion
ARLINGTON, VA — Bloomberg Law announced that it has named 57 U.S.-based law firms to its fourth annual Diversity, Equity, and Inclusion (DEI) Framework, a listing of law firms that meet or exceed an established threshold of diversity, equity, and inclusion in their firm.
The Bloomberg Law DEI Framework is the legal industry’s first and only standardized, fully transparent methodology to measure law firms’ performance in this critical arena.
Firms were assessed based on standardized disclosure of diversity-related data measured against standards in six pillar areas: recruitment and retention, leadership and talent pipeline, business strategy and innovation, firm demographics, diversity and inclusion + marketing, and disclosure.
Submissions to this year’s DEI Framework increased by 15%, the third year in a row of double-digit growth, providing an even more robust view of diversity in the legal industry.
The full 2024 DEI Framework report, including a detailed methodology and lists of member firms, is available for complimentary download at https://aboutblaw.com/beIJ.
In the four years since Bloomberg Law launched the DEI Framework, the data shows incremental but important changes in law firm demographics:
- Overall, 44% of firms have a succession plan in place that specifically emphasizes greater inclusion of diverse / minority attorneys.
- 4 in ten firms (41%) track origination credit that diverse attorneys receive, and a quarter (27%) have a strategic plan to improve this.
- Nearly all firms (97%) reported having a public statement regarding their commitment to diversity and inclusion, up from 91% last year.
- 65% of firms mandate and monitor that minority and women attorneys have equal access to clients, quality work assignments, committee appointments, marketing efforts and firm events, down slightly from 72% last year and matching 2022.
This year’s DEI Framework included new questions on accessibility. The report finds that just over half (52%) of firms have a Web Content Accessibility Guidelines (WCAG 2) compliant website and that 80% of firms allow employees to access basic accessibility aids like ergonomic office equipment and screen reading software without requesting an accommodation.
“Bloomberg Law is deeply committed to advancing diversity, equity, and inclusion in the legal industry, and we are excited to reveal the findings from our latest DEI Framework survey, including the 57 law firms that have made the list this year,” said Joe Breda, president, Bloomberg Law. “We’re proud to leverage our industry expertise and data analytics to evaluate and benchmark law firm performance in order to help general counsel select law firms that align with their values.”
About Bloomberg Law
Bloomberg Law combines the latest in legal technology with workflow tools, comprehensive primary and secondary sources, trusted news, expert analysis, and business intelligence. For more than a decade, Bloomberg Law has been a trailblazer in its application of AI and machine learning. Bloomberg Law’s deep expertise and commitment to innovation provide a competitive edge to help improve attorney productivity and efficiency. For more information, visit Bloomberg Law.
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Bloomberg Law to Demonstrate AI-Driven Legal Tools and Expanded Dockets at AALL Conference
ARLINGTON, VA — Bloomberg Law today announced its participation in the upcoming American Association of Law Libraries (AALL) Annual Meeting & Conference in Chicago. As a silver sponsor, Bloomberg Law will highlight its latest advancements in content development and legal technology, including Dashboard Legal, its recently acquired project management and collaboration tool.
During the conference, scheduled from July 20 to July 23, Bloomberg Law will feature its robust AI and machine learning capabilities, including the newly integrated Clause Adviser and Representation Analytics, as well as recent enhancements to Docket Key®. These tools are designed to streamline legal workflows and improve decision-making processes.
Key features include:
- AI-powered tools: Bloomberg Law will demonstrate its latest generative AI-powered tools, such as Clause Adviser, which assists in drafting M&A agreements by evaluating clause favorability and providing plain-English rationales.
- Expanded Dockets functionality: Bloomberg Law’s market-leading Dockets have been enhanced with the addition of over 400 state courts, bringing the total to over 1,400, and with innovative features like the AI-powered Docket Path and Time to Rule Analytics. Additionally, an enhancement to Docket Key®, Bloomberg Law’s proprietary filing search tool, leverages machine learning to allow searching for over 200 specific motion types and their corresponding briefs in federal district court civil dockets. Users can now search by the filer of those motions as well as by the outcome to find the most persuasive examples.
- Practical Guidance expansion: Bloomberg Law provides over 8,000 guidance documents, with additions covering specialty litigation, commercial, and regulatory topics, as well as guidance focused on current developments such as AI and greenwashing.
- In Focus resource pages: More than 10 new pages provide deep dives into critical legal issues, including In Focus: Chevron, Loper & Agency Deference and In Focus: Overtime Exemptions & Eligibility, offering comprehensive resources to help legal professionals stay ahead in their practice.
- Dashboard Legal: Bloomberg Law’s recently acquired project management and collaboration tool simplifies task tracking, document management, and team communication, enhancing productivity and organization. Key features include real-time visibility of legal matters, deadline tracking, supporting Bloomberg Law’s vision to enhance daily legal workflows through advanced technology.
Bloomberg Law’s presence at the conference will be highlighted through its active participation in key panel discussions. Bloomberg Law’s panel, “SCOTUS: A Year in Review,” will be held on Monday, July 22, from 9:30 am to 10:30 am CDT. Moderated by Eleanor Tyler, Principal Legal Analyst at Bloomberg Law, this panel will delve into the Supreme Court’s recent decisions on critical issues such as Chevron deference, gun regulation, and FDA regulations, providing insights into their implications for the legal landscape.
Additionally, Bloomberg Law Library Relations Director Madeline Cohen will participate in a panel, “You Are Kenough: Overcoming Imposter Syndrome for Career Growth” on the same day from 3:30 pm to 4:30 pm CDT. The session focuses on the challenges of imposter syndrome in the legal field.
“We are thrilled to demonstrate how Bloomberg Law’s continuous innovation and customer-focused enhancements make a real difference in the daily work of legal professionals,” said Joe Breda, president, Bloomberg Law. “Our value our participation at AALL and look forward each year to connecting with the library community to showcase our latest advancements.”
About Bloomberg Law
Bloomberg Law combines the latest in legal technology with workflow tools, comprehensive primary and secondary sources, trusted news, expert analysis, and business intelligence. For more than a decade, Bloomberg Law has been a trailblazer in its application of AI and machine learning. Bloomberg Law’s deep expertise and commitment to innovation provide a competitive edge to help improve attorney productivity and efficiency. For more information, visit Bloomberg Law.
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Bloomberg Law Answers Streamlines Legal Research with Generative AI
ARLINGTON, VA — Bloomberg Law today announced enhancements to its forthcoming Bloomberg Law Answers feature, an innovative tool designed to streamline how legal professionals access and utilize information. Leveraging advanced generative AI technology, Bloomberg Law Answers provides instant, concise responses to legal queries directly within the Bloomberg Law platform.
Bloomberg Law Answers enhances the research experience by generating brief answers to searches using generative AI technology and large language models (LLMs) in combination with relevant legal documents including court opinions, practical guidance documents, and secondary sources like books and manuals. Each answer provides citations and links to supporting Bloomberg Law authorities and the source documents used to generate it.
Key features of Bloomberg Law Answers include:
- Generative AI integration: Utilizes a sophisticated Large Language Model (LLM) to process and summarize legal information into a concise answer.
- Comprehensive coverage: Works across an expanded set of Bloomberg Law content, including expert-written Practical Guidance and Manuals, federal and state court opinions, extensive treatises and books collections published by the American Bar Association, James Publishing, American Bankruptcy Institute, ERISApedia, as well as books exclusively published by Bloomberg Law that are available only on the Bloomberg Law platform.
- Direct access: Answers appear at the top of search results, providing immediate insights.
- Commitment to responsible AI development: Sophisticated guardrails minimize the risk of incorrect answers and prevent the feature from answering questions outside the legal domain, while linking source documents for transparency and verification.
“Bloomberg Law Answers represents a significant step forward in our commitment to integrating AI within legal research, in line with our long track record of leveraging innovative technologies to improve attorney workflows,” said Todd Barton, vice president of product, Bloomberg Law. “This tool not only speeds up the research process but also enhances the accuracy and reliability of the information, empowering legal professionals to make informed decisions faster.”
Bloomberg Law Answers is currently available to users participating in the Bloomberg Law Innovation Studio, an experimental environment available to select Bloomberg Law users. The Innovation Studio allows customers to interact with experimental product features and share feedback.
For more information about Bloomberg Law Answers and Bloomberg Law’s other AI innovations, please visit https://aboutblaw.com/bePM.
About Bloomberg Law
Bloomberg Law combines the latest in legal technology with workflow tools, comprehensive primary and secondary sources, trusted news, expert analysis, and business intelligence. For more than a decade, Bloomberg Law has been a trailblazer in its application of AI and machine learning. Bloomberg Law’s deep expertise and commitment to innovation provide a competitive edge to help improve attorney productivity and efficiency. For more information, visit Bloomberg Law.
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Distributor Supply Chain Due Diligence Checklist
Streamline your due diligence process of supply chain-related contracts with our checklist for domestic and cross-border distribution transactions.
From conducting an initial evaluation to devising contract terms, this complimentary checklist guides you step-by-step through key considerations to address before entering an contractual agreement to mitigate risk.
This includes:
- Ask the distributor to complete a distributor questionnaire.
- Collect additional information from disinterested sources.
- Determine legitimacy and legal status of the distributor.
- Evaluate legal risks and the distributor’s financial position.
- Ask for copies of the distributor’s relevant policies and compliance programs.
- Carefully consider choice of law, arbitration, and jurisdictional terms.
- Include relevant regulatory issues in the agreement.
- Incorporate additional business partner obligations into the contract.
See a more in-depth analysis of each step by downloading our free distributor supply chain due diligence checklist.