Unquestionably there are successful law firm mergers, some hugely so – perhaps most notably the strategically sound international ones that have created the grouping of highly profitable leading global firms that are increasingly winning a larger share of the highest value work.
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.
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.
The legal industry is going through an extended period of growth and consolidation.
2012 was a buoyant year for law firm mergers. The level of activity…