Lawyers=Rounding Error

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Everyone hates when lawyers make money. Fortunately, they don't really make that much money at all. At least when compared to the fees of investment banks setting up the deals.

"New York transactional lawyers are extremely busy," [American Lawyer editor in cheif Aric] Press said. "For you and me, what they are charging is a king's ransom, but compared to what the bankers are earning and the size of the deal, the lawyers' fees could often be regarded as a rounding error."

M&A boom provides a bonanza for lawyers [Reuters]

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