Day-to-day transactional, commercial and corporate compliance tasks are standard practices, yet far from unimportant. They also provide an excellent opportunity to deliver value and efficiency through the effective deployment of legal professionals, processes and technologies.
In order to serve clients’ transactional, commercial and corporate compliance needs with quality, efficiency and value, we created McDermott Corporate Services (MCS). The MCS team—a group of McDermott personnel that together possess the skill and legal background ideal for performing these functions—works in concert with the Firm’s lawyers to provide high-quality services at a lower cost. To achieve these goals, MCS disaggregates corporate legal processes by identifying routine and high-volume activities, creates systems and tools that can be performed at lower costs, and implements accountability and performance standards that preserve the excellence and attention to detail that is a hallmark of McDermott’s work product.
We support clients in a number of areas, covering M&A due diligence document review and management, corporate reorganizations, disclosure schedule drafting, corporate form generation, corporate maintenance, intellectual property audits and financings documentation. We provide global support and assist clients with cross-border initiatives. Our team includes lawyers fluent in English and Spanish, and we are focusing on expanding our German capabilities.
MCS reviewed and analyzed more than 1,000 commercial agreements for a publicly traded research, development and manufacturing client in the life sciences industry as part of its post-acquisition restructuring involving subsidiaries in more than 15 countries; as part of this effort, MCS also coordinated the review of hundreds of non-English-language documents drafted by foreign counsel
MCS assisted a multinational medical devices, pharmaceutical and consumer packaged goods manufacturer with a time-sensitive post-merger integration following a $20 billion acquisition; MCS reviewed more than 900 complex contracts in three weeks at a cost 30 to 40 percent below standard associate rates and with fewer aggregate hours as a result of the use of project management principals and technology
MCS assisted a leading health care provider with the completion of a two-phase complex project involving the review of nearly 8,000 documents, including many in which Medicare, Medicaid or HMO/PPO programs were at issue; we also identified key HIPAA/PHI matters (on which MCS attorneys have been specially trained)
MCS assisted a publicly traded provider of dialysis treatments and support services with the review of hundreds of physician employment agreements, real property leases and licensing agreements (including a review of Stark law issues) in connection with the acquisition of a target company
MCS assisted a leading media company with its acquisition of 71 radio stations in numerous markets; services included reviewing more than 1,500 radio tower leases, content licenses and service arrangements, summarizing the diligence results, and assisting in the review and revision of disclosure schedules, which enabled the deal team to meet an extremely tight budget and deadline
MCS teamed with McDermott’s intellectual property practice to assist a global pharmaceutical corporation in reviewing critical intellectual property provisions of existing clinical and commercial agreements to assess assignability in connection with the planned spin-off of one of its divisions
MCS assisted a leading private equity fund with more than $13 billion in assets under management with reviewing hundreds of customer contracts to assess assignability and terminability prior to investing in a new platform
MCS assisted a client with the analysis of hundreds of contracts of a recently acquired company in order to prepare for the consolidation of the client’s data centers
MCS assisted a client with the full review of more than 100 health care related office leases prior to a company merger
MCS assisted a nationwide provider of hospital and health services in the review of hundreds of vendor agreements, physician agreements and real property leases, including review of any potential Stark law violations, in connection with its $3.5 billion acquisition of another health system