The merger and acquisition (M&A) world has endured and recovered from past economic crises, including the recent traumas such as the burst of the .com bubble in 2000-2002 and the great recession of 2007-2009. Ruby Datum explores M&A transaction history across some of the biggest industry sectors whilst understanding the true impacts on the industries of COVID-19.
The fusion of digital and human labour has been said, by Denise Doyle, Legal Enablement lead at Telstra, to be the future of legal work as the need for every legal business to have an agile digital strategy becomes imperative. Previous Real Estate processes have been contained to individual employee’s hard drives, but this has resulted in errors and lack of company cohesion.
The total real estate of the world (excluding commercial) is projected to be 1.5 to 1.9 trillion square feet by 2027, clearly, there is a clear incentive to real estate investors to digitise the information contained in their investment portfolios. The rise in the use of new-age technology such as real-time data sharing of real estate assets with the potential of reducing transaction fees through Virtual Data Rooms (VDRs) for investors (especially owners) are set to transform the sector.
As we know, COVID-19 has caused problems for many industries, and the legal industry appears to be no different. With specific impacts to mergers and acquisitions (M&A), it is important, now more than ever, to look ahead at the potential longevity of the pandemic’s effects and how its challenges can be overcome.