Following a pandemic driven drop in the number of law firm mergers in 2020, based on what our practice is seeing, 2021 will see a substantial increase in combinations. It seems like scarcely a week passes without an announcement
Latest from Managing Law Firm Transition - Page 2
Five Thoughts That Shouldn’t Drive Your Law Firm Merger
Law firm mergers can accomplish a great deal, so it is no wonder they are popular. The number of mergers consummated each year is steady if not growing. Strategically designed and executed law firm mergers can boost combined firms to
Is Your Law Firm A Target For Embezzling?
It has been a good while since I have written on this topic but two recent events prompted me to address it again.
The first: last week, Bruce Matson, former General Counsel of LeClair Ryan, reportedly (subscription required) admitted
Four Steps to Enhance Law Firm Succession in the Busy Firm
Law firm succession can be easy, and it can be hard. It tends to be easy for the law firms blessed with talented people, a deep and repeatable client base, and a stellar reputation. Transition from one generation to the
Is Your Law Firm Developing Future Leaders?
One of the most underappreciated factors associated with law firm success or failure is the effectiveness of leadership.
The fact is, no single factor has a greater impact on the success or failure of a business than the quality of
Being a Law Firm Merger Target-Five Inquiries First Time Players Need to Make
Some law firms seem to be full-time participants in law firm merger activity. As new markets are entered and competitors gobbled up, the voracious law firms bring to their transactions a wealth of experience their counterparts often lack. If your
Merger as a Law Firm Succession Strategy
First generation law firm leaders find themselves confronted by a classic “good news-bad-news reality.” The good news is that they are nearing the end of what for many has been a rewarding career. The bad? Most have no clear path
The Non-negotiable Must-Haves in Law Firm Merger
Two. That’s the number of essential conditions that any law firm merger participant should never eschew. No doubt there are other vital elements to achieving merger success, but two are so vital that their absence can doom the law firm
Are You and Your Firm Adapting?
“Adaptability is the simple secret of survival.” – Jessica Hagedorn
The above quote from the writer and poet Jessica Hagedorn speaks to the incredible circumstances that most law firms have faced in the last year or so. In
Is a Law Firm Merger on the Horizon? – Four Phases Every Law Firm Experiences
As every new year begins, the idea of law firm merger grabs the attention of more than a few law firm leaders. Although the pandemic impacted the number of law firm mergers closed in 2020, all indications for 2021 suggests