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Headline

Mid-market merger mania? Maybe next year

Comment

Which law firms cannot be improved by having a greater market profile, access to more clients and being able to apply economies of scale to its departments? There are nuances between law firms, but on the whole, most law firms are offering very similar services. Therefore it seems sensible to join forces with other well run firms. However only a few law firms are well run. The badly run law firms (eg low profits, too many partners etc) will struggle to merge, because their problems will be discovered during the due diligence stage. So what you have is an acceleration of the market. The best firms can pick the best merger partners and therefore get better. The bad firms get left behind.

Posted date

12-Dec-2011

Posted time

10:18 am

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