Eric is a trusted deal lawyer with extensive M&A and capital markets experience. Having worked for elite law firms such as Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP, Eric has worked on high-stakes transactions for clients such as Amazon.com, Jerry Jones, Banc of America Securities LLC, Palantir and Greenlane Holdings.
On this episode, Eric and Chris discuss:
- Starting the SMB Attorney Twitter account and launching the first Social -Media-driven law firm
- A walkthrough of the process of closing on a business
- The realities of SMB searching
- Holdco's, Rollups, and the Silver Tsunami
Links:
Eric on Twitter - https://twitter.com/SMB_Attorney
SMB Law Group - https://www.smblaw.group/
Mundane Millionaires Podcast - https://www.mundanemillionaires.com/
The Fort w/ Rich Jordan - https://www.thefortpod.com/127-rich-jordan-a-masterclass-in-buying-leading-operating-a-smb-service-business/
The Fort w/ Josh Schultz - https://www.thefortpod.com/158-josh-schultz-masterclass-in-small-business-operations-execution/
00:00:00 - Intro
00:01:37 - Starting SMB Law Group - The first social media-driven law firm
00:09:09 - How different types of searchers approach acquisitions
00:22:20 - The Silver Tsunami
00:24:14 - The types of businesses Eric works on and the world of business brokers
00:32:35 - What makes a great buyer
00:35:30 - The process of closing on a business
01:01:24 - Installing a new CEO post-acquisition
01:03:38 - Management buy-outs
01:05:12 - Hold cos vs. rollups
01:09:12 - ChatGPT’s impact on the legal profession
01:12:05 - Reps, warranties, and insurance in SMB
Chris on Social Media:
Twitter: https://bit.ly/3BYIjcH
LinkedIn: https://bit.ly/45gIkFd
Watch The Fort on YouTube: https://bit.ly/3oynxNX
Visit our website: https://bit.ly/43SOvys
Leave a review on Apple: https://bit.ly/45crFD0
Leave a review on Spotify: https://bit.ly/3Krl9jO