In the News Detail
news headline
Lots of Interesting, Lucrative Legal Work in P3s
SOURCE
Law Times
AUTHOR
Julius Melnitzer
DATE
July 14, 2008
Jacques Demers, chair of the Projects and Project Finance team, explains to the Law Times how public-private partnerships (P3s) are a boon to clients and law firms due to their profitability.
Excerpt
P3 projects, then, are multi-party, time-intensive, document-heavy and involve big dollars. They also feature the types of pressures that justify top-end hourly rates.
What we're not talking about, are the premium fees that exist on the M&A spectrum. Still, there's no doubting P3's profitability.
''Are P3s attractive in terms of margins and rates? Do P3s provide for attractive returns to law firms compared to general corporate finance work and general securities issues?'' ask Jacques Demers of Ogilvy Renault LLP. ''The answer to both is a resounding 'yes'.''
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