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Tag Archives: mergers
Carrots and sticks in a post-merger law firm
Today’s on-line edition of The Lawyer leads with an article about concerns about individual partner performance at Norton Rose. In brief, the management has sent letters warning under-performing partners that they are at risk of being sacked or demoted on … Continue reading
Posted in associates, law firms, leadership, mergers, partners
Tagged associates, carrots, culture, large law firms, law firms, leadership, mergers, Norton Rose, partners, performance, performance management, risk, skills, sticks
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After the Gold Rush III: “Where’s the gold?”
This is the final part of three posts on the frequently overlooked short-term results of law firm mergers. financial performance in practice groups As Walker Clark LLC has observed law firm mergers, especially those involving small and midsize firms, we … Continue reading
Posted in mergers, partners, planning, practice groups, profitability, Uncategorized
Tagged change management, culture, decision making, due diligence, law firms, mergers, planning, profitability, quality
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After the Gold Rush II: practice group staffing and workflow
This is the second of three posts under the title of After the Gold Rush. Today’s post outlines three post-merger issues that: Are the natural and almost inevitable result of combining two or more practice groups in a merged firm … Continue reading
Posted in mergers, planning, practice groups, profitability, strategy
Tagged change, change management, mergers, midsize firms, planning, practice groups, productivity, profitability, small law firms, strategy
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After the Gold Rush: managing the risk of “revolving door” partners
What happens after the initial excitement of a law firm merger subsides? When planning a merger or acquisition, many law firms minimize the short-term consequences of combining two professional services organizations. If not managed well, some of these can weaken … Continue reading
Posted in law firms, leadership, planning, strategy
Tagged associates, attrition, change management, law firms, leadership, mergers, partners, planning, practice groups, retention, risk, strategy
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Who’s afraid of Norton Rose?
Norton Rose has announced its latest accomplishment in its relentless march to global status, a merger with U.S.-based Fulbright & Jaworski. This announcement comes as other substantial intercontinental deals appear to be in the works, such as the reported three-way … Continue reading
Posted in law firms, planning, strategy, Uncategorized
Tagged competition, foreign firms, Fraser Milner Cosgrain, Fulbright & Jaworkski, globalization, large law firms, mergers, Norton Rose, planning, productivity, profitability, quality, Salans, SNR Denton, strategy
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A new strategic era in Peru
The announcement of the merger of one of Peru’s leading law firms, Estudio Echecopar, with global giant Baker & McKenzie, should grab the strategic attention of Peruvian law firms. It should not be a big surprise. The entry of major … Continue reading
Posted in law firms, strategy
Tagged Baker & McKenzie, banking, Colombia, emerging economies, Estudio Echecopar, finance, large law firms, Latin America, law firms, mergers, Peru, projects, strategy, Walker Clark
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After a perfect storm
Commentators on the unfolding financial crisis at Dewey & LeBeouf have focused on a variety of factors why this firm might (I stress might – see more below) be doomed. To mention a few that have been cited by others: the … Continue reading
Posted in finance, law firms, leadership, marketing, partners
Tagged clients, compensation, crisis, culture, Dewey, large law firms, law firms, leadership, marketing, mergers, partners, profitability, strategy, United States
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After the honeymoon
There has been a remarkable, but not unexpected, increase in merger activity among law firms in the first quarter of 2012. Careful planning and due diligence are absolutely essential in law firm mergers and acquisitions. However, most law firms give … Continue reading
Posted in law firms, leadership, strategy
Tagged 2012, change management, culture, decision making, due diligence, law firms, leadership, management, mergers, practice management, strategy, teamwork
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Rough seas ahead for M&A?
Having been very busy helping our clients with their 2012 business plans this week, I have only this morning gotten to an important analytical piece in yesterday’s Financial Times on-line: “Collapse in M&A amid debt turbulence” by Helen Thomas and Anousha … Continue reading
Posted in law firms, planning, strategy, Uncategorized
Tagged 2012, Asia, Brazil, business plans, Colombia, euro, European Union, Latin America, law firms, M&A, mergers, Peru, sovereign debt, strategy, United Kingdom, United States
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Voodoo economics
A leading U.K. firm appears to be dabbling in a little voodoo economics. Herbert Smith is a firm that has long enjoyed a reputation for stability and professional excellence. Recently, however, leaders of Herbert Smith apparently have decided, as reported by … Continue reading
Posted in finance, law firms, partners, strategy, Uncategorized
Tagged Australia, banking, benchmarks, economics, equity, finance, law firms, Magic Circle, mergers, partners, productivity, profitability, profits, quality, strategy, United Kingdom
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