Mergers & Acquisitions

Seasoned Deal Counsel on Fixed Fees and Fast Timelines

MERGERS & ACQUISITIONS

Seasoned deal counsel for acquisitions, sales and strategic transactions.

Buy-Side and Sell-Side Acquisitions

Share Purchase Agreements

Asset Purchase Agreements

Letters of Intent (LOIs) and Term Sheet Negotiation

Due Diligence Management

Contingent Consideration

Coordination & Execution of Approvals and Consents

Financing Support

Post-Closing Matters

Employment Relationship Changes related to M&A

Corporate Structure Considerations

“What I love about transactional work is the opportunity to be a trusted partner to my clients on high-impact deals. I am grateful for the opportunity to provide them with both legal and commercial judgment, find practical solutions, and ultimately reach a successful outcome."

Portrait of Josh Holtzman
Portrait of Josh Holtzman

Josh Holtzman, Lawyer at Blackletter

  • “Blackletter is an exceptional legal experience: Their team moves on our timelines to deliver expert advice tailored to our business.”
    Portrait of Sean Erjavec

    Dustin Zhang

    CEO, Silmo

  • “Blackletter's advice is fantastic. I reviewed the redlines in detail. I really appreciate how they kept the deal reasonable to both parties. I've seen partnership agreements become overly one-sided during legal review, so I'm especially glad we struck that balance here, as it's important we get to yes.”
    Portrait of Sean Erjavec

    Maanav Iyengar

    CEO, Retina Robotics

  • “Blackletter delivers top-firm quality with exceptional turnaround. Blackletter is legal that keeps pace with the business.”
    Portrait of Sean Erjavec

    Sean Erjavec

    CRO, Blue J

  • “Blackletter has been a wonderful experience, not just because of cost, but because their team doesn't waste expensive lawyer time on work LLMs can do better.”
    Portrait of Sean Erjavec

    Matt Van Horn

    Founder, Stealth, Previously Co-Founder of Lyft

  • “Blackletter's work has been consistently thorough, responsive and efficient. They deliver careful, well organized work and communicate clearly throughout.”

    Ben Bunyi

    VP, Contracting & Credentialing, Antidote Health

  • “Experience has been awesome. Love the communication. Love the transparency. And obsessed with the speed.”
    Portrait of Sean Erjavec

    Danny Pereira

    Co-Founder & CEO, Conduit

  • “Blackletter’s advice has been 100x more sane than other firms. Clear answers, fast, from people who actually understand what a startup needs.”
    Portrait of Sean Erjavec

    John Dean

    CEO and Co-Founder, WindBorne

  • “Working with Blackletter is a relief. They’re smart, understand what matters to our business, and move fast—it feels like they work here! We know we can count on them.”
    Portrait of Sean Erjavec

    Megan Savage

    Associate General Counsel, Crux

  • “We have a complex, multinational business, and Blackletter has become a trusted partner for our most critical corporate and employment work. They’re responsive and commercially minded, and the quality of their work is excellent.”
    Portrait of Sean Erjavec

    Vishak Gopalan

    Chief Product Officer, ECap Labs

  • “Blackletter is an exceptional legal experience: Their team moves on our timelines to deliver expert advice tailored to our business.”
    Portrait of Sean Erjavec

    Dustin Zhang

    CEO, Silmo

  • “Blackletter's advice is fantastic. I reviewed the redlines in detail. I really appreciate how they kept the deal reasonable to both parties. I've seen partnership agreements become overly one-sided during legal review, so I'm especially glad we struck that balance here, as it's important we get to yes.”
    Portrait of Sean Erjavec

    Maanav Iyengar

    CEO, Retina Robotics

  • “Blackletter delivers top-firm quality with exceptional turnaround. Blackletter is legal that keeps pace with the business.”
    Portrait of Sean Erjavec

    Sean Erjavec

    CRO, Blue J

  • “Blackletter has been a wonderful experience, not just because of cost, but because their team doesn't waste expensive lawyer time on work LLMs can do better.”
    Portrait of Sean Erjavec

    Matt Van Horn

    Founder, Stealth, Previously Co-Founder of Lyft

  • “Blackletter's work has been consistently thorough, responsive and efficient. They deliver careful, well organized work and communicate clearly throughout.”

    Ben Bunyi

    VP, Contracting & Credentialing, Antidote Health

  • “Experience has been awesome. Love the communication. Love the transparency. And obsessed with the speed.”
    Portrait of Sean Erjavec

    Danny Pereira

    Co-Founder & CEO, Conduit

  • “Blackletter’s advice has been 100x more sane than other firms. Clear answers, fast, from people who actually understand what a startup needs.”
    Portrait of Sean Erjavec

    John Dean

    CEO and Co-Founder, WindBorne

  • “Working with Blackletter is a relief. They’re smart, understand what matters to our business, and move fast—it feels like they work here! We know we can count on them.”
    Portrait of Sean Erjavec

    Megan Savage

    Associate General Counsel, Crux

  • “We have a complex, multinational business, and Blackletter has become a trusted partner for our most critical corporate and employment work. They’re responsive and commercially minded, and the quality of their work is excellent.”
    Portrait of Sean Erjavec

    Vishak Gopalan

    Chief Product Officer, ECap Labs

“Blackletter is an exceptional legal experience: Their team moves on our timelines to deliver expert advice tailored to our business.”
Portrait of Sean Erjavec

Dustin Zhang

CEO, Silmo

  • “Blackletter is an exceptional legal experience: Their team moves on our timelines to deliver expert advice tailored to our business.”
    Portrait of Sean Erjavec

    Dustin Zhang

    CEO, Silmo

  • “Blackletter's advice is fantastic. I reviewed the redlines in detail. I really appreciate how they kept the deal reasonable to both parties. I've seen partnership agreements become overly one-sided during legal review, so I'm especially glad we struck that balance here, as it's important we get to yes.”
    Portrait of Sean Erjavec

    Maanav Iyengar

    CEO, Retina Robotics

  • “Blackletter delivers top-firm quality with exceptional turnaround. Blackletter is legal that keeps pace with the business.”
    Portrait of Sean Erjavec

    Sean Erjavec

    CRO, Blue J

  • “Blackletter has been a wonderful experience, not just because of cost, but because their team doesn't waste expensive lawyer time on work LLMs can do better.”
    Portrait of Sean Erjavec

    Matt Van Horn

    Founder, Stealth, Previously Co-Founder of Lyft

  • “Blackletter's work has been consistently thorough, responsive and efficient. They deliver careful, well organized work and communicate clearly throughout.”

    Ben Bunyi

    VP, Contracting & Credentialing, Antidote Health

  • “Experience has been awesome. Love the communication. Love the transparency. And obsessed with the speed.”
    Portrait of Sean Erjavec

    Danny Pereira

    Co-Founder & CEO, Conduit

  • “Blackletter’s advice has been 100x more sane than other firms. Clear answers, fast, from people who actually understand what a startup needs.”
    Portrait of Sean Erjavec

    John Dean

    CEO and Co-Founder, WindBorne

  • “Working with Blackletter is a relief. They’re smart, understand what matters to our business, and move fast—it feels like they work here! We know we can count on them.”
    Portrait of Sean Erjavec

    Megan Savage

    Associate General Counsel, Crux

  • “We have a complex, multinational business, and Blackletter has become a trusted partner for our most critical corporate and employment work. They’re responsive and commercially minded, and the quality of their work is excellent.”
    Portrait of Sean Erjavec

    Vishak Gopalan

    Chief Product Officer, ECap Labs

Blackletter: Your Mergers & Acquisitions Lawyer

Blackletter guides buy-side and sell-side deals from letter of intent to close.

Blackletter’s mergers & acquisitions lawyers work alongside frontier technology, so you get experienced judgment at the speed a live deal demands. You pay a fixed fee, quoted up front with no surprises and no billable hours. 

Our attorneys work hand-in-hand with BlackletterOS to provide experienced judgment at the speed a live deal demands. Transactions are completed on a flat, all-inclusive fee, quoted upfront with no surprises and no billable hours. Blackletter’s M&A practice is industry agnostic. 

Buy-Side Deal Counsel

We support buyers through business acquisitions and related transactions. Our mandate can be scoped to the unique deal and your preferences. We work with independent sponsors, family offices and holding companies, businesses and platforms, private equity firms, and VC-backed AI-enabled holding companies and roll-ups.

Our goal is to provide pragmatic advice that sets you, as a buyer, up for success in the deal process and post-closing. 

Our mandate is tailored to your needs and typically covers:

  • Determining optimal deal structure (stock purchase, asset purchase, corporate structuring to optimize tax implications)

  • A letter of intent or term sheet that outlines key deal terms and the parameters for the deal process

  • Legal due diligence on corporate records, the cap table, key contracts, IP ownership, employees and regulatory compliance

  • Drafting and negotiating the purchase documents, disclosure schedules and closing deliverables

  • Earnouts, escrows and holdbacks 

  • Supporting with financing, whether bank financing, a seller note or through the SBA

  • Offer letters and contractor agreements for the people joining you, handled by our Employment lawyers

Sell-Side Deal Counsel

Most entrepreneurs sell a company once, which is why experienced deal counsel plays a critical role. Whether the buyer is a strategic acquirer, a long-standing commercial partner or a financial sponsor, it will have advisors who do deals for a living. The magnitude and quality of your outcome sits in the details: how the price adjusts at closing, how much sits in escrow, what you promise about the business, and how long those promises last.

Optimal outcomes are achieved with the right advice, from the beginning. Achieving your best outcome is critical to us. Our fee is structured to encompass the whole deal process from pre-LOI through post-closing. We want to be in the room with you, on your side, from day zero.  

A sell-side mandate typically includes:

  • Diligence preparation, from board consents to a reconciled cap table and signed IP assignments

  • Review and negotiation of the letter of intent before exclusivity starts

  • The data room and disclosure schedules

  • The purchase agreement, including working capital, escrow, indemnities, earnouts and non-competes

  • A clear view of how the proceeds flow to founders, employees and investors

  • Board and stockholder approvals to sign and close

How our M&A practice works

Blackletter is a law firm built on the optimal union of technology and human judgment. Our applied AI platform, BlackletterOS, quarterbacks every matter from start to finish, enabling us to combine human judgment with the speed, accuracy and comprehensive memory that only AI can deliver. 

On a transaction, technology handles the volume work, from first-pass document review to checklists and tracking every open point. Our lawyers focus on judgment and communication: what to concede, what to hold firm on, and what actually changes the outcome. BlackletterOS retains a complete memory of every matter, so that your next transaction can run even more smoothly than the last. 

We quote transactions upfront based on their complexity and provide a fixed fee. We align our incentives with yours: to achieve your desired outcome from the transaction, without manufactured complexity. There are no surprises and no billable hours, which means you can ask questions and seek advice without fearing the impact on your future bill.

Blackletter’s Corporate, Commercial and Employment practices can continue to support the business on an ongoing basis.

A typical deal runs in six stages:

01

01

Scoping

We get up to speed on the deal, your timeline and your priorities to provide a fixed, all-inclusive fee—this can happen quickly.

02

02

Letter of intent

We negotiate the terms that set up everything that follows.

03

03

Due diligence

We run it or prepare you for it, and flag anything that changes value or risk.

04

04

Documents

We negotiate the main agreement and everything that hangs off it.

05

05

Signing and closing

We manage approvals, consents and the funds flow to ensure nothing slips.

06

06

After closing

We stay with you through working capital adjustments, earnout questions and escrow releases.

PRICING

Fixed Fees, Custom Scope

All fees are fixed and quoted upfront, based on transaction complexity. No hourly rates and no unexpected charges. We can customize our scope of work to match your needs, whether that be end-to-end advisory and execution or advisory on discrete aspects of the deal. Pricing by the matter, not the hour, represents a paradigm shift for law: It means we’re paid for the value we create, not the time we spend.

Aligned Legal Counsel.

Reach out for clear, pragmatic advice that helps your business grow.

Aligned Legal Counsel.

Reach out for clear, pragmatic advice that helps your business grow.

Frequently Asked Questions

On the sell-side, why should I hire counsel with M&A experience vs. general corporate counsel?
Is a letter of intent binding?
When should I reach out to Blackletter?
How long does a deal take?
What states or countries can you advise on?
Do you focus on certain industries?
Tell Us What You’re Working On

© 2026 Blackletter

Legal services in the United States are provided by Blackletter Legal LLP, and in Ontario by Blackletter Professional Corporation, a law firm regulated by the Law Society of Ontario (the “Law Firms”).

Tell Us What You’re Working On

© 2026 Blackletter

Legal services in the United States are provided by Blackletter Legal LLP, and in Ontario by Blackletter Professional Corporation, a law firm regulated by the Law Society of Ontario (the “Law Firms”).

Tell Us What You’re Working On

© 2026 Blackletter

Legal services in the United States are provided by Blackletter Legal LLP, and in Ontario by Blackletter Professional Corporation, a law firm regulated by the Law Society of Ontario (the “Law Firms”).