The primary assets (and therefore value) of a law firm (knowledge, experience and reputation) are usually inextricably linked with its people (both partners and employees). ‘People’ will usually be at the heart of any merger and it is vital that firms have a clear strategy and plan to deal with issues relating to their partners and employees when considering a merger.
In this article, first published by The Law Society Gazette, non-contentious partnership law specialist, Zulon Begum, considers the issues relating to people that firms need to be aware of throughout the merger process.