The Largest Law Firm Mergers of 2015

Big Law Business | As we head in to the last weeks of the year, it looks like merger activity among law firms for 2015 will be close to the level of the last two years. Through the 3rd quarter of 2015 we tracked 42 completed mergers in the U.S., compared to 49 through the 3rd quarter of 2014 and 48 through the 3rd quarter of 2013.

Porters Five Forces – Threat of Substitutes

Big Law Business | I’ve been exploring the relevance of Porter’s Five Forces in recent blog posts. One of those forces – Threat of Substitutes – has the potential to be a disruptor for the legal industry. While professional rules have protected the legal industry from many competitive forces, that is starting to change.

Buyer Power is Here to Stay

Big Law Business | In a recent post, I noted that a Harvard Business Review article published in 1979 has gained relevancy for the legal industry as a way to evaluate competitive forces and their impact on profitability.