Merging into new profit centres There are 2 major motivations for firms considering merger for growth. Consolidating their current location, or merging into a new profit centre. There is a lot to be said for consolidating, but property is always the key driver here. One or both firms will need to be able […]
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What are the benefits of joining with a consolidator. There is a new type of law firm slowly gathering traction in the legal market, and these are the consolidators. Primarily these have been in London but they are now spreading out into the regions. So what is a consolidator and why are firms […]
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If there is one question we are often asked it is what is my law firm worth. The simple answer is nothing and that seems so unfair until you consider a few points. Investment. Most partners draw all the profit out and do not invest in the firm. Indeed there is not at lot to […]
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Succession planning by attracting junior partners to buy in. I was speaking at the Local Law Societies conference last week and a theme that kept on cropping up was that junior partners are no longer keen to buy in to small firms. I was asked what firms could do about this and I think […]
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Retirement strategies for law firm owners. There are 8000 firms in England & Wales of between 1-4 Partners and a large majority of these will have Partners who are in the last few years of their careers. For these Partners to retire there are only 6 possible solutions. These are that you already have tomorrow’s […]
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M & A’s aren’t just about the mechanics of the deal. Focusing on people is key. Our Senior Partner, Jeff Gillingham, explores Stakeholder Behaviour in this PDF document. MP Magazine – July/Aug 2008
By Jeff Gillingham, published March 2009 by Ark Publishing If you cannot achieve growth from current client baselines, a merger may well be the only way to ensure the increases in turnover and reductions in costs that will prevent the diving economy eating away at fee incomes. The Art of the Law Firm Merger gives you […]
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Whilst a fear factor may push law firms in the direction of a merger, proceed at your peril if you are not currently managing for profit. Tracey Williams, chartered accountant, gives a black and white guide to improving financial management and profits… These words, poetic license permitting, are of equal application to a law firm’s position […]
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Merging into new profit centres
/0 Comments/in Uncategorized /by adminMerging into new profit centres There are 2 major motivations for firms considering merger for growth. Consolidating their current location, or merging into a new profit centre. There is a lot to be said for consolidating, but property is always the key driver here. One or both firms will need to be able […]
Why merge with a “consolidator firm”?
/0 Comments/in Uncategorized /by adminWhat are the benefits of joining with a consolidator. There is a new type of law firm slowly gathering traction in the legal market, and these are the consolidators. Primarily these have been in London but they are now spreading out into the regions. So what is a consolidator and why are firms […]
What is my firm worth?
/0 Comments/in Uncategorized /by adminIf there is one question we are often asked it is what is my law firm worth. The simple answer is nothing and that seems so unfair until you consider a few points. Investment. Most partners draw all the profit out and do not invest in the firm. Indeed there is not at lot to […]
Succession – how to attract younger partners to buy in
/0 Comments/in Uncategorized /by adminSuccession planning by attracting junior partners to buy in. I was speaking at the Local Law Societies conference last week and a theme that kept on cropping up was that junior partners are no longer keen to buy in to small firms. I was asked what firms could do about this and I think […]
Retirement strategies for law firms
/0 Comments/in Uncategorized /by adminRetirement strategies for law firm owners. There are 8000 firms in England & Wales of between 1-4 Partners and a large majority of these will have Partners who are in the last few years of their careers. For these Partners to retire there are only 6 possible solutions. These are that you already have tomorrow’s […]
Stakeholder Behaviour
/in Knowledgebank /by adminM & A’s aren’t just about the mechanics of the deal. Focusing on people is key. Our Senior Partner, Jeff Gillingham, explores Stakeholder Behaviour in this PDF document. MP Magazine – July/Aug 2008
The Art of the Law Firm Merger
/in Knowledgebank /by adminBy Jeff Gillingham, published March 2009 by Ark Publishing If you cannot achieve growth from current client baselines, a merger may well be the only way to ensure the increases in turnover and reductions in costs that will prevent the diving economy eating away at fee incomes. The Art of the Law Firm Merger gives you […]
Merger Ahead
/in Knowledgebank /by adminAs the credit crunch bites, mergers provide the best strategy for growth. Or do they? Nigel McEwen explores this area in Merger Ahead. Merger_Ahead
Mergers and Managing for Profit
/in Knowledgebank /by adminWhilst a fear factor may push law firms in the direction of a merger, proceed at your peril if you are not currently managing for profit. Tracey Williams, chartered accountant, gives a black and white guide to improving financial management and profits… These words, poetic license permitting, are of equal application to a law firm’s position […]