Joined December 2013
3 Photos and videos
Abundance works (but only at scale)?
Replying to @jongeeting
Tons of smoke and activism for individual development projects; nothing at all—both times!—when council goes to pass citywide pro-housing supply bills. There is a lesson here!
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I've got a new substack post this morning that asks if law firms have a signature grammar--measured by oxford comma use--in their M&A agreements. This one was fun because it mostly reinforced my prior that Cravath's style guide does real work.
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Tomorrow's Substack in Contracts Empire asks whether big law firms have linguistic accents. They do. It's going to be 🔥.
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Now that Andrew Baker is only snarking on linkedin, Yonathan is the best remaining hype guy here!
Can you sign a multimillion-dollar deal by telex? @HoffProf goes fossil-hunting on his Substack, exploring a puzzle in dealmaking. He's testing the Gulati/Scott/Choi theory that obsolete terms get fossilized in contracts. He brings really vivid evidence: M&A agreements in 2025 still list telex and telegram
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M&A transactions record the parties' goals and risk allocations... and the boilerplate of past contracts. In a new post I examine 25 years of deals for evidence of the adoption of new deal technologies, and their stickiness in the face of change.
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I find that lawyers do react to technical change -- they pull out fax references over time as email rises. But not completely, as they leave in buried procedural language "shall be deemed given upon confirmation of transmission"! It's a ghostly impression of the past.
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