When two become one: why do law firms merge?

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  • Excellent comments here. However, mergers are still high risk, one law firm will dominate over the other. Equity partners are both owners and managers of the business. Mergers would be less risky if the ownership issue could be removed from the equation. Six years ago I founded and listed on the Australian Securities Exchange, Integrated Legal Holdings. This was a group of corporate and commercial law firms.

    Within 4 years the two biggest law firms merged, this was done at the managing partner level, rather than by the holding company. The merger was less at risk, and worked well because the issue of ownership was not on the table.

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