by Fairfax Associates
In recent years, we have worked on a number of law firm mergers where one of the firms was in a significantly weakened position relative to its past. More often than not, these mergers fail to move forward because there is too much uncertainty about the stability of the firm, the deterioration of its financial condition, and the questionable commitment of key partners to remain with the combined firm.
by Fairfax Associates
It would be a significant understatement to say that negotiating and executing a merger in the middle of a pandemic is complicated. However, it is not impossible. While we expect merger activity among law firms to be down in the second half of 2020, we are seeing an increasing number of firms begin to reinvigorate their growth strategy and consider merger.
by fairfaxassoc
The following Insight captures the thinking of Fairfax consultants Lisa Smith and Kristin Stark during a panel discussion about partner compensation in the context of merger discussions.
by fairfaxassoc
The legal industry is going through an extended period of growth and consolidation.
by fairfaxassoc
Recently we have seen firms struggle with getting the right balance between discussing the business case for merger and delving into some of the deal terms of the combination.
