Lauren Leyden Discusses Labor and Employment Pitfalls for PE Firms
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Lauren Leyden, counsel in Akin Gump’s labor and employment practice, is quoted in the Law360 article “5 Labor Land Mines For PE Deal-Makers To Avoid.” For those private equity firms looking to steer clear of potential labor and employment risks when acquiring a company, Leyden suggests one of the “very first calls should be to competent labor and employment counsel.”
The issue of whether a private equity firm faces greater exposure than a single investor makes it “so important,” Leyden adds, “to really think about the labor strategy.” When a unionized workforce is involved, she advises PE firms not to initiate any contact with a union, even if it seems like a logical step as part of a potential deal. While not every contact with a target’s union will put a buyer at risk, Leyden says it is difficult to know exactly what might cross the line, so that it’s safer to get advice from a labor lawyer.
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