We advise middle market companies in merger and acquisition transactions, typically in transactions with a purchase price of from $5 million to $100 million. These transactions often involve a deferred portion of the purchase price, whether structured as installments, earn-outs, indebtedness or other arrangements. Our advice addresses continuing employment relationships, non-competes, continuing services and other matters incidental to the transaction. Many, though not all, of our clients are engaged in the investment management industry and, in this context, we advise on regulatory matters unique to this industry.