The due diligence process is an essential element of many corporate transactions. Prudent due diligence enables parties to a transaction to make informed decisions concerning their involvement in such transactions, including with respect to financial matters, key non-economic factors, risk allocation and post-transaction planning. Understanding the due diligence process is fundamental to a junior attorney’s professional growth in the context of a transaction legal practice – a thorough comprehension of the process is a necessary foundational building block of a successful transactional career.
