News Let’s get together By The Lawyer 20 October 2008 09:35 13 December 2015 22:15 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Legal Eagle 22 October 2008 at 17:17 Consolidation problems Well here’s two factors for you. First, many firms now take a short term view. They lay off staff – hitherto described in glowing terms on their website – rather than take reduced drawings. With a revolving door reputation they are seen as wanting your clients but not much else. Who really wants to merge with them? Second, there are premises problems. Lay offs leave office space unoccupied which is hard to sub-let in a downturn. If you have gone open plan – to boost profits for the partners – that space is also hard to divide up. But the boomtime has left firms saddled with 5 or 10 year leases that they cannot walk away from. So they are stuck. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.