ALFMA was recently quoted by the Law Gazette in their article entitled ‘Death by a thousand cuts’. Please take a read.

If there is one question we are often asked it is what is my law firm worth. The simple answer is nothing and that seems so unfair until you consider […]

Many merger business plans talk about creating a firm which is better than the sum of its parts by taking an external view. They wax lyrical, for example, about new […]

Our client was a four partner firm based in a provincial city. It was profitable with PEP in the region of £160,000. While it provided a full service offering it […]

A merger makes sense if the new firm is better able to compete than either of its antecedents. For some firms, ‘compete’ means that the merged entity simply has a […]

“Don’t worry about the implementation, that’s tomorrow’s problem. Just focus on getting the deal done” figures high on the list of comments which betray the naivety of those negotiating mergers. Of […]

In this case we achieved a successful exit for a firm with an ageing partnership. It involved a long established firm in a major city. The firm had 5 partners, of […]

Any merger should seek to build a sustainable competitive advantage. What this means in practice is that vision is needed to create a client proposition which is more compelling than […]

In this article we look at the practicalities of succession planning for private client firms, either through selling the firm or bringing in new partners – and what retiring partners […]

A merger provides a host of opportunities to right-size. Some arise directly from the merger itself. Others will be realised because ‘all bets are off’ in a newly-merged firm, providing a […]