Note: This is Part Two of a blog that was originally published as a guest blog on Kevin McKeown‘s Blog Leadership Close Up. We wrote At the Edge–Avoiding the Fall to revisit a success story of a law firm dealing with transition and emerging stronger from a near crisis and how the
At the Edge–Avoiding the Fall (Part One)
We originally posted this blog on Kevin McKeown‘s blog Leadership Close Up. Kevin has been a tremendous resource for us and has guided us greatly as we work at delivering meaningful content about the legal industry and the significant changes it faces.
Some words simply lose impact over time.
Change is such a
Law Firm Management: Avoiding the “Run on the Bank”
Nothing is scarier to a law firm than to find itself facing a “run on the bank.” It can begin with one or two “key” departures, is compounded by panic, and followed by more departures.
Few firms are immune. As Debra Weiss noted in her Is the Law Firm Pyramid Collapsing? Big Law is Aging
Law Firm Merger Diligence–Operational Compatibility
A smart merger of two law firms requires careful study about compatibility. Fits between two law firms seldom are perfect. But if the cultures, financial metrics, clients and compensation systems generally are in sync, the opportunity for a successful merger exists. While one of these merger variables actually may be strained, harmony among
The Troubled Law Firm – Part 5 continued
Law Firm Merger Diligence-Client Compatibility
A law firm considering a merger has a lot to think about. Evaluating the differing cultures, financial metrics and compensation systems is a must. Merging two law firms without vetting the client fit is not only unwise, but it also is not likely to end well. Yet, finding an acceptable match in the
The Troubled Law Firm – Part 4 – Planning and Executing the Turnaround
Nations, like stars, are entitled to eclipse. All is well, provided the light returns and the eclipse does not become endless night. Dawn and resurrection are synonymous. The reappearance of the light is the same as the survival of the soul.
This is the fourth part in this series on Turning Around the
Law Firm Merger Diligence-Are the Compensation Systems Compatible?
Last week was noteworthy because two major anticipated mergers were called off; Orrick/Pillsbury due to reported conflicts and Dentons/McKenna for what may be best described as “cultural reasons.” But even if there were no conflict issues and cultures meshed well between two firms, most proposed mergers won’t get to a closing if their respective compensation
The Troubled Law Firm – Part 3 – A Successful Turnaround
When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.
The Crisis at Kaye Scholer
I was sitting back reviewing law business related articles on Zite. As the stories of doom and gloom and failing law firms big and
Law Firm Merger Diligence–Are the Financial Metrics Compatible?
Mergers of law firms garner a great deal of press and comment. As noted by Debra Cassens Weiss, law firm mergers during 2013 have been numerous. Robert Denney’s Primer on Law Firm Mergers provides a useful guide about approaching law firm mergers. Just last week, yet another merger was reported, this one involving