What is the importance of due diligence in Evercore's advisory process?

Due diligence is a critical component of Evercore's advisory process as it focuses on conducting thorough evaluations of a client's financial and operational condition before proceeding with a transaction. This process plays an essential role in risk assessment, as it allows advisors to identify potential liabilities and issues that could impede the success of a deal. By validating asset value, due diligence ensures that the client's expectations are aligned with the reality of the assets being considered, which in turn aids in negotiating fair terms and preventing future disputes.

Proper due diligence not only reassures the parties involved about the integrity and value of the transaction but also helps advisors provide well-informed recommendations to their clients. This enhances the credibility of the advisory services offered and ultimately leads to more successful outcomes in transactions.