Passing the bar doesn’t qualify a lawyer to do all things legal. The authors have been licensed to practice law in Florida for more than 42 combined years and have achieved the highest ratings for competency and ethics, but you do not want us to write your will, handle your adoption, or chair your company’s litigation. In today’s legal environment, a lawyer needs to be a specialist to be competent, but intense competition often forces many lawyers to try to be all things to all people.

We routinely see this issue arise in the context of selling a business. Unfortunately, not only does the general business lawyer not know what he doesn’t know, neither does the owner of the business. As an entrepreneurial business owner, you have spent a good portion of your working life creating something of great value. Now, when it’s time for the most complicated and important transaction in which you might ever be involved, you should not hand your life’s work to a lawyer who may be well-intentioned and enthusiastic but is a novice at these types of deals.

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