Considering Merger? Spend Your Time Wisely…
April 10, 2015 | Published by Big Law Business
In an effort to grow in a relatively low growth market, firms continue to invest substantial leadership time and energy in pursuit of merger. Yet, the success rates are low. The vast majority of law firm merger discussions never come to fruition. While no formal measures exist on the number of merger conversations initiated yet never consummated, we would estimate that fewer than 1 in 10 initial merger meetings actually progresses to a combination of firms.