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Getting profit-sharing arrangements right in a merger

September 30, 2019 Jen Workman

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 […]

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Trojan horse

A merger can be a ‘Trojan horse’ opportunity to transform your firm

September 9, 2019September 9, 2019 Jen Workman

“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 […]

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Cash is king

Cash is king for an ageing partnership

August 27, 2019August 27, 2019 Jen Workman

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 […]

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Client focus

Unlocking the client dividend in a merger

August 12, 2019 Jen Workman

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 […]

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The great escape

The Great Escape

July 22, 2019 Jen Workman

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 […]

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Right-sizing

Right-sizing your merged law firm

July 9, 2019July 9, 2019 Jen Workman

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 […]

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Unlocking the merger dividend

Shared merger vision

June 25, 2019June 25, 2019 Jen Workman

In a strategy which is merger based, it is important that there is a clear vision of the future, which is easily understandable and provides a strong rationale as to […]

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Junior partner buy in

Attracting junior partners to buy in

June 13, 2019June 13, 2019 Jen Workman

I was speaking at the Local Law Societies conference recently and a theme that kept on cropping up was that junior partners are no longer keen to buy in to […]

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Cashier till

Law firm valuations

May 30, 2019 Jen Workman

“What is my firm worth?” is the question that we are most frequently asked when dealing with small firms where partners are looking to retire – i.e. an acquisition. This […]

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Growing pains

Growing pains

May 16, 2019May 16, 2019 Jen Workman

Change in the legal market continues at a pace. This creates an exciting opportunity for law firms that are looking to grow. There are three main ways of growing: merger, […]

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