With the number of law firm mergers and acquisitions having declined over the past 10 years, commentators predict that the number of firms looking to merge or acquire will sharply increase over the next 12 months.
Having been involved at senior leadership level in previous merger and acquisition projects, cpm21 Senior Consultant Ian Hopkins gives his Top 10 tips on how to decide whether merger or acquisition is the right option for your firm and if so how to approach the merger project.
Even if you are not thinking of merging, acquiring, or putting your firm up for sale at this stage, it is important that Managing Partners continue to professionalise their firms to make them as attractive as possible to potential merger partners should circumstances change.
There is likely to be good opportunities out there to merge or acquire over the coming year, but only for those firms that can demonstrate good management practices, profitability, and a good compliance record.
If you would like to discuss any of the themes in this article please contact Ian Hopkins, Wayne Williams or Paul Jones of cpm21 who will be delighted to assist.
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