Sheppard Mullin has announced the formation of a Portfolio Company Program with the goal of providing private equity funds and their portfolio companies more efficient legal services to allow them to drive EBITDA and exit value.
Sheppard Mullin already represents private equity funds and their portfolio companies using a coordinated, dedicated team approach that leverages seamless communication and produces practical, useable advice. Composed of seasoned attorneys in the areas of general corporate matters, M&A, corporate governance, executive compensation, debt finance, intellectual property, labor and employment, real estate, tax and other legal areas important to the company’s business, the team anticipates it will be well-equipped to understand the business and legal challenges that the board and management face and to serve as a “gatekeeper” for clients’ legal spend. In addition to handling a company’s day-to-day legal needs, the team also can prepare a company for sale or other corporate transaction.
Corporate partner Ariel Yehezkel, who recently joined the firm, commented, “We know the importance of reducing expenses, and our experienced team will be able to anticipate issues and deal with any problems that arise quickly. We have been doing this work for existing clients and believe that now is the right time to offer this program to other private equity funds and portfolio companies. To ensure continuity, we designate a team of experts for each client. The team is led by a corporate and securities partner who also acts as the point person for the client. Once a team is designated to a client, that team first reviews the client’s existing legal risks and recommends to management how to mitigate those risks in the most efficient manner. Following the initial review of existing legal risks, the designated team handles all of the client’s day-to-day legal needs. By reducing legal costs and resolving legal issues as they occur, we can help our clients drive EBITDA and best position the company for exit.”