Merger Assessment and Advising
Remaining competitive in key practices, industries and markets requires an assessment of all possible options to provide the scale and scope necessary for continued delivery of quality legal services and client growth.
Consolidation across the law firm market has created new challenges for firms constrained by practices and regions to win and retain market share.
Market expansion in line with client needs and practice trends and the addition of complimentary practices to provide additional services to clients, can be part of a successful strategy that can lead to a more diversified and stable firm. Individual, group or firm acquisitions are often overlapping strategies that need to be pursued simultaneously.
Reviewing the market for potential combination partners or assessing impacts if certain key competitors were to combine is an important exercise. A review of market peers is a prudent and valuable part of any annual risk and strategy review.
- • Suitability of combination as a strategy
- • Development of a merger plan, informed by key constituencies
- • Review of combination opportunities, assessments, and introductions
- • Structure, governance, operations and culture assessments
- • Articulating and communicating the business case to key audiences
- • Representation, negotiation, and integration
