Strength and growth come only through continuous effort and struggle. – Napoleon Hill
Even as the economy improves, we see many law firms of all sizes continuing to struggle. Mid sized firms seem to be having the greatest difficulty adapting in the evolving marketplace.
In a recent Forbes article, Basha Rubin suggested that we might
Law firm mergers have continued this year and are approaching last year’s record. For law firms, any number of motivations can lead to merger, but the common denominator is the perception that merger serves the greater good. Despite the onslaught of mergers, a vast number of mergers are less than perfect. And while a
Start by getting the right people on the bus. Jim Collins
When I ask what a law firm and a taco joint have in common, it is not intended to be another one of those lame lawyer jokes.
The other night my wife and I stopped by Torchy’s Tacos for a quick bite, and
Efforts and courage are not enough without purpose and direction. – John F. Kennedy
It seems not a week passes without an announcement of another law firm merger. A report last week of a rumored combination of Morgan Lewis and Bingham McCutchen caught my attention.
The posting in Above the Law suggests that the partners
Law firm mergers seemingly are announced weekly and continue a trend as to which most observers are accustomed. Just last week Locke Lord and Edwards Wildman Palmer jointly announced the signing of a letter of intent to combine their two firms. Not all law firm mergers are marriages of equals, or instances when the strategic
Although this year’s transactions generally are smaller deals, the robust law firm merger market of 2013 has been continued into 2014. Mergers grab headlines, create excitement and almost always provide the merged firm a little boost from the afterglow of positive publicity. Unfortunately, any positive vibe from a merger will not last forever. And more
For some time, the idea that law firms should be run like businesses has been accepted. While lawyers and law firms still benefit from the ideals that underpin the place our legal system has in our society, keeping a law firm’s doors open today requires a proper dose of business principles.
In attempting to apply
Lawyers love lists, especially checklists. They love having a specified list of elements that need to be proven or followed. Lists fit into the way they were trained in law school. It is likely that many of today’s lawyers were list driven even before going to law school.
It is no wonder that lists that
Legal industry veteran Eric Fletcher takes the view that law firms perpetually are in transition. Certainly, in the changing legal environment that has existed since 2008, transition among law firms is common. Law firms in transition can face any number of business altering decisions, whether they be fundamental adjustments to its business strategy, considering merger,
News about the search for a merger partner by Bingham McCutcheon has been in the media the past few weeks. If the search leads Bingham to the altar, its transaction likely will be among parties equally sophisticated and aware of the intricacies of law firm merger. After all, Bingham owes its current size to a
