In the legal industry, mergers and acquisitions have become a prevalent strategy for law firms seeking to enhance their competitive edge, expand their client base, and bolster their expertise. However, despite the potential benefits, not all merger discussions culminate in successful combinations. Numerous factors can contribute to the failure of law firm merger discussions, [...]

The Great Escape In this article we look at the practicalities of succession planning for private client firms, either through selling the firm or bringing in new partners – and what retiring partners need to do to plan their own future. In the year to June 2018, 345 law firms closed and 154 merged [...]

Growing Pains Change in the legal market continues at a pace. This creates an exciting opportunity for law firms that are looking to grow. There are three main ways of growing: merger, acquisition or organic growth. In this article, we look at each option and how to make the best choice for your business. [...]

Employee Ownership Trusts - a "friendly" buyer for your law firm “Not as much as you think” is the often-heard answer to the question “What is my law firm worth?”, and this was even before the issues caused by COVID. Partners wishing to realise value have often been faced with this issue coupled with the [...]

How to forecast in times of uncertainty Law firms have had to forecast their cash flows in order to understand their financing needs in the coming year and to substantiate their application for CBILS loan. How can they arrive at a realistic sensible forecast in such times of uncertainty? Any forecast of the future [...]