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 law firm is thinking about merger for the first time, will a lack of experience
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 a strong merger season. It is no wonder as a well-constructed merger is an effective
Five Common Mistakes Law Firms Make When Entering a New Market
A dynamic law firm growth tactic involves opening an office in a new geographic market. To move a firm into virgin territory requires careful thought about issues that go beyond simply hiring new lawyers. Indeed, expanding a firm’s footprint requires many considerations, including good intelligence about the new market’s practice characteristics, bar personality and mores,
Improving the Odds with Law Firm Expansion
Virtually every week brings news about law firm expansion. The news is exciting and of great interest in and out of the legal services industry. Although the firms that report lateral hires, mergers and acquisitions and new office openings are pleased with their news to share, the passage of time proves that not all
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