Driving value for our M&A clients
Prepared for Ford Motor Company
The Honigman M&A Experience
The opportunity
The solution
The process
We leverage tools, including CoCounsel, Copilot, and Harvey, and continue to explore and implement use cases for these platforms to drive client value.
For an M&A client, middle market deals are crucial to expanding its service offerings, customer base, and market reach. This client needed an end-to-end, defined solution to unlock the full value of each deal, mitigate risks, and align acquisitions with its strategic goals.
Faced with the complexity of managing numerous transactions each year, the client relied on Honigman for a comprehensive and efficient acquisition process.
Working closely with the Honigman Legal Innovation and Operations team, our attorneys leveraged Legal Project Management (LPM), Practice Technology, and Flexible Staffing resources (Honigman Review Solutions (HRS)) to deliver a bespoke, cost-effective service model to meet and exceed the client’s unique needs. We customized our model to align with the client’s workflows, ensuring an efficient, value-driven process that supported its M&A goals. Our approach ensured timely, high-quality results, while keeping legal fees proportionate to deal value and meeting closing deadlines. This enabled our client to maximize value and seize growth opportunities.
The Honigman team designed a foundational workflow for the client, memorialized in a deal playbook, that incorporated LPM, Practice Technology, and our HRS team.
During the diligence phase, we leveraged our HRS team, a dedicated group of due diligence attorneys, to handle the bulk of the diligence review. This team scaled to meet the specific needs of each transaction, ensuring high-quality results at a competitive rate, which allowed the client to optimize its resources and focus on strategic growth.
Our LPM team worked alongside attorneys to track and drive progress throughout the matter. This approach ensured transparency, streamlined the deal process, and enhanced communication, keeping the client and its stakeholders aligned on deal status, key issues and opportunities, and progress. Post-closing, we incorporated the client’s preferences and lessons learned to further refine our service model and ensure continuous improvement. Throughout the deal, our team leveraged Practice Technology, including machine learning and generative AI, to efficiently complete tasks including document review, drafting, and summarizing changes to various documents. This ensured the client received timely and accurate insights that supported its decision-making and accelerated the deal timeline.
By incorporating solutions and resources from our Legal Innovation and Operations team, our client realized an estimated 20% cost savings over a traditional M&A project. Just as important, the deal closed on time because our approach allowed the Honigman and client teams to work more efficiently, deliver faster service, and better manage workloads without compromising quality. These repeatable and scalable processes rely on knowledge management principles and allow ongoing improvements for future transactions. As we manage more deals, we continuously refine our approach to align with client preferences, which in turn fosters a collaborative partnership.
The Honigman M&A Experience
Examples of how we use GAI:
Generate correspondence
Explain positions
Create alternatives
Evaluate opposing requests/demands
Build templates
Format data
Ensure consistency
Define timelines and to-do lists
Indicates when GAI/AI is deployed to drive efficiency
