High quality small and midsize firms in key markets are regularly approached regarding combinations with other firms – by both larger and similarly-sized firms. When times are good, these firms are generally not interested in pursuing a discussion. When times get tough, they are more receptive to merger as a solution, but can find that either potential partners are no longer interested, or their negotiating position is substantially weakened.
How law firms can retain partners and build firm interconnectedness
How law firms are evolving their approach to partner compensation to spur growth and retain talent.
Firms that fail to provide meaningful feedback to partners miss a valuable opportunity to enhance firm performance.
Each year, we look ahead and identify the key strategic and management issues that we believe will need to be top of mind for law firm leaders during the coming year.
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