The market saw its fair share of mergers in 2014. But according to a new survey, expect plenty more action where those came from.
Almost half of all firms that haven’t locked down a merger in the past five years would consider marriage before 2017. And a whopping 95 per cent of managing partners expect their firms to merge within the next decade.
But they would be wise to tread carefully. The survey also shows that not every combination is a match made in heaven. Just 43 per cent of firms that have merged since 2010 believe that their tie-up was a success.
One woman who knows how to navigate a merger is DWF’s chief operating officer for commercial services Natalie Griffin, who features in The Lawyer Hot 100 2015. She wins a spot alongside other key management players from the likes of Ashurst, Mills & Reeve and Wragge Lawrence Graham & Co – who have all been involved in getting their firms through successful tie-ups.
No doubt they could offer the 43 percenters a few tips.
Also on TheLawyer.com:
- Indian firm Amarchand Mangaldas is set to split in two on 1 April, bringing an end to the history of one of India’s oldest and best-known law firms
- Sovereign Housing Association has grown its legal panel by 40 per cent, adding four firms including Blake Morgan and Wright Hassall
- Osborne Clarke is set to keep 89 per cent of its spring qualifiers, while White & Case will retain 100 per cent
|Litigation – IBB Solicitors: Judges concerned by jump in legal fees|
|Information technology – PwC: PwC discusses the merits of keeping data ‘just in case’|
|Employment – Bates Wells Braithwaite: Employing an ex-offender: where do employers stand?|
|Intellectual property – Kemp Little: Audit clauses: judgment confirms that drafting clarity is key|
|Real estate – Walker Morris: Liability for non-domestic rates on disclaimer of a lease|