Merger is a frequent law firm activity, especially in recent years. Based on a recent review of Altman Weil’s MergerLine, over 600 mergers and acquisitions have closed since 2007. While not all the deals identified by MergerLine have been true mergers, many of the “non-mergers” nonetheless have been significant because they represent the near full
Law Firm Merger-Four Key Stages to Success
Law firm growth gets a lot of attention. Among the various approaches to law firm growth is the tactic of merger. Almost weekly we are treated to another announcement about two law firms fulfilling their desire to grow by combining. And although law firm mergers have been part of the landscape for years, since the
Law Firm Merger-Four Rules to Follow
Mergers between law firms garner headlines. Just last week, Kansas City’s Husch Blackwell was in the news when it announced that it was merging with Whyte Hirschboeck Dudek S.C., a Wisconsin based business and litigation firm. The merger comes less than year after Husch Blackwell’s Chairman Maurice Watson described the firm’s newly adopted strategy
Law Firm Merger or Combination-A Solution That Can Suit Many Situations
As we have seen recently, law firm combinations have continued at a brisk pace. In layman’s terms, most of the combinations are referred to as mergers although many are at best “merger-like.” Indeed, “true” mergers appear to be the exception and not the rule as law firm combinations continue to be announced.
Gina Passarella wrote
Merger and the Small to Medium Sized Law Firm: A Recipe For Success
Law firm news continues to include reports of record profits for some — small and large alike. But the news is far from all good. The reports of desperate struggles for survival are regular; and far too frequently, the headlines include news of the latest law firm closure.
In the midst of it all, law
Market Entry the Orrick Way: Pros and Cons
Orrick, Herrington & Sutcliffe LLP made its entry into the Houston legal market last week. It announced that it had attracted 15 Houston based attorneys from 6 firms to plant the Orrick flag in the Bayou City. Pulled from Andrews Kurth, DLA Piper, Haynes and Boone, McDermott Will & Emery, McGuire
Another Record Year for Law Firm Mergers-Reasons Your Law Firm Should Not Be Next
In a newly posted piece, Casey Sullivan‘s Law Firm Mergers Reach Highest Point in Nearly a Decade reports that 2016 is to be yet another record year for law firm mergers. As the cascade of announcements show (as well as the Altman Weil research compiled in its Mergerline), merger as a law firm
Law Firm Merger: Five Compatibility Metrics
To merge, or not to merge? That is the question. More and more law firms face that issue these days. We often advise law firms facing that watershed possibility and take them from considering merger in the abstract to addressing its reality. But because roughly 50% of mergers reportedly fail, properly evaluating a potential
Law Firm Merger-What Makes Merger Success Likely?
A headline from last week announced the law firm merger of Dykema with Texas’ Cox Smith. Although Michigan based Dykema already had a foothold in Texas, its merger with well-regarded Cox Smith represents a significant commitment by Dykema to its Texas strategy. The Dykema/Cox Smith combination also is further evidence that law firm mergers
Strategy of Merger: Four Steps for Success for Law Firm Leaders