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English arrow For Law Firms arrow Firm & Practice Management arrow Strategic Considerations in Law Firm Mergers & Acquisitions

Strategic Considerations in Law Firm Mergers & Acquisitions


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Price: $50.00 -
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Course #: ENFM0005R


Description


Who should attend?

  • Managing Partners

  • Managing Directors

  • Executive Directors and COOs

  • Practice Group Leaders

 

Description:

Some have predicted that the legal profession is bound to consolidate globally to a level already witnessed in the public account profession.  While, Smock Sterling believes that is a dubious proposition, we do recognize a number of strategic reasons for law firms to grow through merger and acquisition.  This webinar covers the strategic considerations driving law firm combinations (e.g., a need for scale and reach in several areas of practice, a desire to grow profitability aggressively, a need to retain institutional clients with increasingly international legal needs, a desire to capture and extend leadership positions in selected practice areas, etc.).  In addition, it covers the four stages of the merger and acquisition process – providing practical “how to” advice relative to search, selection, due diligence and integration.

 

What You Will Learn:

  • The underlying strategic drivers and considerations of law firm combinations
  • The facts (and myths) associated with consolidation in the legal industry
  • The four stages of a law firm merger or acquisition
  • Key implementation considerations for each stage of the combination process
  • What the principle barriers are to successful law firm mergers and acquisitions
  • Means for addressing and overcoming barriers to success
  • Best practices for ensuring post-merger integration is achieved effectively

 

What You Will Receive:

  • A fact sheet relative to merger and acquisition trends and drivers
  • A roadmap for the four stages of the merger and acquisition process
  • A resource guide for further reading and professional education

 

Recorded: 10/24/07

 

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