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Law Firm Mergers

Lessons from Successful Strategic Combinations

Paperback, 90 blz. | Engels
Globe Law and Business | 1e druk, 2022
ISBN13: 9781787428454
Hoofdrubriek : Juridisch
Jongbloed : Fusie en overname
Globe Law and Business 1e druk, 2022 9781787428454
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Mergers and acquisitions of law firms of all sizes have become increasingly common as competition for talent and business intensifies and leading firms dominate the market in size and profitability. Lawyers and law firm leaders contemplating the future of their firms need to understand the changing dynamics of the market, and the ways in which mergers and other combinations may or may not help them fulfil their aspirations. Law Firm Mergers offers both law firm leaders and all partners a way to approach the issues, highlighting the best practices gleaned from successful combinations.

Beginning with an overview of the forces driving consolidation, it discusses how to formulate and get buy-in for a strategy and how to view a merger as a potential vehicle to accelerate progress. It looks at the advantages and disadvantages of combining with other firms, and offers practical insights about the process – from the best ways to identify and evaluate potential merger candidates, to how to approach those firms, to navigating the negotiations, and common deal terms that can bridge differences over crucial factors such as compensation, capital and governance. Beyond the financial and strategic challenges faced by firms evaluating a merger, this title also delves into the cultural and human issues that can make or break a merger, from the best way to handle sticking points in negotiations to the ways in which firm leaders can muster support internally and head off opposition from their own partners.

Full of practical tips and laced with candid, first-hand insights from leaders who have successfully guided their firms through mergers, this Special Report will be the essential guide for a successful and prosperous law firm merger.


Aantal pagina's:90


I. Understanding the flywheel effect
II. Designing a strategy around strengths
III. The special perspective of the smaller firm
IV. Missing the window, or not
V. Taking the driver’s seat
VI. Drawing up the list
VII. The approach
VIII.The second meeting and beyond
IX. Getting partners’ approval
X. Making the deal a success

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