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Law ...rms provide extensive intermediation in corporate acquisitions, including negotiation, certi...cation, and drafting of contracts and agreements. Using a broad sample of U.S. acquisition o¤ers, we ...nd that large-market-share law ...rms are regularly called upon to facilitate completion of large, legally-complex o¤ers. Complex o¤ers are often withdrawn but, controlling for complexity, large-share law ...rms are associated with enhanced deal completion. Further, we document that some lawdoi:10.2139/ssrn.520343 fatcat:bv74relcgzagtgwycwoha7owji