Benefits of a Transactional Lawyer A transactional attorney has deep knowledge about transaction's regulatory requirements. They can assist clients in structuring and negotiating transactions in compliance with the different regulatory requirements. Reduce transactional costs: Transactional attorneys reduce transaction costs mainly by drafting and developing documents that provide inventive solutions to the different risks and problems clients face. Transactional attorneys reduce adverse actions taken by counter parties due to changes in incentives between the parties by providing independent advice. These attorneys are also good in persuading clients to forego negotiating positions which in turn can destroy business opportunities. A transactional attorney has deep knowledge about transaction's regulatory requirements. They can assist clients in structuring and negotiating transactions in compliance with the different regulatory requirements. Act as a reputational intermediary These transactional attorneys bound by rules of professional conduct add value to client's transactions. They act as gatekeepers of different transactions and provide complete assurance that there will be no illegality and misinterpretation in the negotiation. Provide attorney-client privilege and confidentiality Transactional attorneys bound by an ethical code assure the clients that the matters discussed between them will remain confidential. Clients can thus discuss about the different transactions with their transaction attorneys with great certainty that their oral and written communications are confidential. Create economies of scope Transactional attorneys create economies of scope by applying their knowledge of transaction in different aspects including identification of differences in valuation, diligence reports, evaluation of alternative structures of transactions, review of corporate records etc. Create economies of scale: Owing to their expertise and involvement in multiple transactions, transactional attorneys efficiently reduce transaction costs. Other benefits: Transactional lawyers act as a sounding board by evaluating risk prone ideas by importing their cautiousness to the transactions.