Legal Scale Named to 2025 Best Lawyers: Ones to Watch® in America

Legal Scale LLP is proud to announce that Legal Scale and Neil ODonnell have both again been included in the 2025 edition of Best Lawyers: Ones to Watch® in America in recognition for our work in Corporate Law. Best Lawyers: Ones to Watch® in Ameri… Read More
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Legal Scale’s 2024 Annual Networking Event

Our annual client event was unforgettable this year! We enjoyed the company of many clients and friends at a fantastic rooftop gathering. Special thanks to New York State Senator Zellnor Myrie for joining us. We sincerely appreciate all attendees for… Read More
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Legal Scale at the 2024 Venture Debt Conference

Legal Scale proudly served as a sponsor of the 2024 Venture Debt Conference hosted by DealFlow Events. The conference’s focus is on nondilutive loan strategies – a core area of expertise for Legal Scale. This event provided an ideal venue for Leg… Read More
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Intercreditor Agreements

Intercreditor agreements are legal contracts that outline the rights and relationships between different classes of lenders who have a claim on the same borrower’s assets. These agreements are crucial in complex financing structures, such as th… Read More
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Borrowing Base Components

A borrowing base sets the maximum amount that a borrower can access through an asset-based loan. Borrowers and lenders negotiate the calculation of the borrowing base by determining the value of different types of collateral (such as cash, accounts r… Read More
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Financial Covenants: Debt to EBITDA Ratio

Financial covenants are used as a tool for lenders to measure a borrower’s health and to test their ability to incur additional debt. Borrowers and lenders alike negotiate financial covenants to ensure it works both for the company’s ability to r… Read More
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Common Mistakes to Avoid When Filing UCC Financing Statements: A Guide for Lenders and Borrowers

In the world of commercial lending, securing debt financing is a crucial aspect of business operations. Uniform Commercial Code (“UCC”) financing statements play a vital role in this process, serving as a legal document filed by a lender to secur… Read More
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Credit Agreement Amendments

We are seeing many credit agreements being amended within today’s market. Most of these amendments are centered around the rising interest rates in the economy and macroeconomic changes. While many amendments in the recent market have been focused… Read More
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Original Issue Discount

Original Issue Discount (or “OID”) can dramatically change the cost of capital when borrowing from a lender. Lenders could charge a fee on each issuance of debt under their facility, which would ultimately lower the net proceeds received by a bor… Read More
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Legal Scale Named to 2024 Best Lawyers: Ones to Watch® in America

Legal Scale is pleased to announce that we have been included in the 2024 edition of Best Lawyers: Ones to Watch® in America, with special recognition of Neil ODonnell. See our profile on the Best Lawyers website. About Best Lawyers Best Lawyers is… Read More
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