Weavil Law offers Success-Based Pricing option in the face of an M&A environment that's still skittish due to COVID
With prospective business purchasers and sellers nervous about the economic outlook due to COVID-19, Weavil Law announces option for success-based pricing to reduce risk. News provided by Weavil Law.
SACRAMENTO, Calif., Aug. 5, 2020 /PRNewswire-PRWeb/ -- Weavil Law PC, the leading California-based corporate law firm for Main Street business M&A transactions, today announced that it is offering a success-based pricing option for appropriate business sale transactions. The program is designed to reduce risk for clients and facilitate deal closings in the current environment. According to industry data, small business sale transactions dropped 39% year over year in the 2nd Quarter of 2020, the largest drop in over a decade.
"It's a challenging time to buy or sell a business right now, for sure," says Weavil Law Principal Attorney Scott Weavil. "Whether it's economic outlook, valuation issues, or sourcing funding, there are real issues. But in those challenges, many of our clients are seeing opportunities."
For appropriate transactions, Weavil Law's innovative Success-Based Pricing will allow M&A clients an option for a lower hourly rate in exchange for a percentage-based success fee contingent on the transaction closing.
"We want to be proactive for our clients, and Success-Based Pricing will lower barriers to entry and allow them to pursue opportunities without worrying as much about transaction costs. Success-Based Pricing features lower hourly rates, so if a deal doesn't close, clients pay less," explained Client Coordinator Sandi Jacks.
Weavil Law is introducing the inventive pricing option, which is uncommon for corporate law firms, in part to help buyers and sellers take advantage of the Small Business Administration's coronavirus debt relief efforts. For business acquisition loans disbursed prior to September 27, 2020, the SBA will pay 6 months of principal, interest, and associated fees.
About Weavil Law
Weavil Law's M&A attorneys are business sale experts that help make deals happen for clients. The firm's attorneys are focused on moving transactions forward while protecting clients' interests. They understand the M&A process and guide clients through it, eliminating unnecessary stress and uncertainty. Weavil Law's attorneys work to identify issues, provide solutions, and get the deal done. For more information, visit http://business.weavillaw.com.
SOURCE Weavil Law PC
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