Firstly, happy new year to you all from all of us at ALFMA. I expect we can all agree that 2021 was a surprisingly good year for law firms, the […]

“Not as much as you think” is the often-heard answer to the question “What is my law firm worth?.  Partners wishing to realise value have often been faced with this […]

As we come to the end of 2021, which for many of us has felt like one long slog since the first lockdown of 2020, here I provide a quick […]

Reverse due diligence is the process where the partners whose law firm is being acquired conduct some due diligence on the buying firm.  This is to check their finances are […]

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 a number of recent surveys it is apparent that most Legal Practices are in a better position financially now that they were before March 2020 but will this last? […]

In recent months, we have seen a big increase in the number of mergers and acquisitions being reported in the legal press, with the likes of Knights plc and other […]

2021 has seen the usual rash of consolidator deals, but strikingly it has also seen an increased number of what might be termed traditional mergers where 2 firms come together […]

A recent matter undertaken by ALFMA member Bennett Briegal LLP is a good example of growth by acquiring a team, rather than acquiring the entirety of a law firm.  You […]

One matter which is often given limited attention in merger discussions and documents is the valuation of Work in Progress (by which I include all unbilled work variously classed in […]