How a Consumer Hired a Lawyer to Review an Investment Subscription Agreement in California

In 2024, a personal client in California sought assistance with the review of an investment subscription agreement related to a real estate syndication deal. The client and their spouse were embarking on their first syndication investment and required a thorough assessment of the documents, specifically looking for any potential red flags that an investor should be aware of. They aimed to ensure that they fully understood the terms outlined in both the subscription agreement and the private placement memorandum. As a result, the client received 10 proposals from licensed lawyers, with flat fee bids ranging from $395 to $3,800, all submitted to meet their requested deadline of less than a week.