Law Firm Mergers
Law Firm Mergers

Author: Morris ZIMMERMANN

Publisher:

Published: 2022-04-30

Total Pages: 90

ISBN-13: 9781787428454

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Mergers and acquisitions of law firms of all sizes have become increasingly common as competition for talent and business intensifies and leading firms dominate the market in size and profitability. Lawyers and law firm leaders contemplating the future of their firms need to understand the changing dynamics of the market, and the ways in which mergers and other combinations may or may not help them fulfil their aspirations. Law Firm Mergers offers both law firm leaders and all partners a way to approach the issues, highlighting the best practices gleaned from successful combinations.Beginning with an overview of the forces driving consolidation, it discusses how to formulate and get buy-in for a strategy and how to view a merger as a potential vehicle to accelerate progress. It looks at the advantages and disadvantages of combining with other firms, and offers practical insights about the process - from the best ways to identify and evaluate potential merger candidates, to how to approach those firms, to navigating the negotiations, and common deal terms that can bridge differences over crucial factors such as compensation, capital, and governance. Beyond the financial and strategic challenges faced by firms evaluating a merger, this title also delves into the cultural and human issues that can make or break a merger, from the best way to handle sticking points in negotiations to the ways in which firm leaders can muster support internally and head off opposition from their own partners.Full of practical tips and laced with candid, first-hand insights from leaders who have successfully guided their firms through mergers, this Special Report will be the essential guide for a successful and prosperous law firm merger.

The Lawyer's Guide to Buying, Selling, Merging, and Closing a Law Practice
The Lawyer's Guide to Buying, Selling, Merging, and Closing a Law Practice

Author: Sarina Butler

Publisher: American Bar Association

Published: 2008

Total Pages: 238

ISBN-13: 9781590319321

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This book is a valuable resource for information on things to consider before and during the process of buying, selling, closing, and merging a law practice. The guide provides advice and tips on: the advantages of buying and selling a law practice; the ethical aspects of acquiring a law practice; valuation of a law firm; tax consequences of retiring a partner's interest in a law firm taxed as a partnership; merging law firms; selling a niche practice; business responsibilities in closing a law practice; the ethical aspects of winding down a law practice; file preservation; and ending client and employee relationships. The guide includes handy checklists, forms, and sample letters as well as several Rules from the ABA's Model Rules of Professional Conduct.

The Value Killers
The Value Killers

Author: Nuno Fernandes

Publisher: Springer

Published: 2019-06-25

Total Pages: 102

ISBN-13: 3030122166

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In a business climate marked by escalating global competition and industry disruption, successful mergers and acquisitions are increasingly vital to the growth and profitability of many corporations. If history is any guide, 60 to 70 per cent of new mergers will fail – and will destroy shareholder value. To date, analyses of the M&A failure rate tend to focus on individual causes – e.g., culture clashes, valuation methods, or CEO overconfidence – rather than examining the problem holistically. The Value Killers is the first book based on a holistic analysis of successful and unsuccessful transactions. Based on research, interviews with top executives, and case studies, this book identifies the key causes of failures and successes and offers prescriptions to increase the odds that future transactions will deliver all the anticipated synergies. The Value Killers offers practical advice in the form of 5 Golden Rules. These rules will help managers and boards to ensure that target companies are properly valued; potential synergies and risks are identified in advance; checks and balances are installed to make sure that the pros and cons of the transaction are rationally and objectively evaluated; mechanisms are created that will trigger termination of bad deals; and obstacles to successful post-merger integrations are assessed (and solutions developed) before the deal closes. Each chapter includes questions for executives considering future M&As to allow them to see whether they are on the right track or not.

Anatomy of a Merger
Anatomy of a Merger

Author: James C. Freund

Publisher: Law Journal Press

Published: 1975

Total Pages: 620

ISBN-13: 9781588520005

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Anatomy of a Merger is a guide to handling a corporate acquisition negotiation successfully. Topics include the basic acquisition agreement; bargaining techniques applicable to substantive issues, and more.

The Lawyer's Guide to Succession Planning
The Lawyer's Guide to Succession Planning

Author: John W. Olmstead

Publisher:

Published: 2016

Total Pages: 0

ISBN-13: 9781634253505

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This book provides guidance on succession and transition processes, approaches, and step by step action plans for solo practitioners, sole owners and members of larger law firms.

Remix Strategy
Remix Strategy

Author: Benjamin Gomes-Casseres

Publisher: Harvard Business Review Press

Published: 2015-08-11

Total Pages: 291

ISBN-13: 1625270577

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Create and capture value, no matter what path you've chosen. How to Create Joint Value Alliances, partnerships, acquisitions, mergers, and joint ventures are no longer the exception in most businesses—they are part of the core strategy. As managers look to external partners for resources and capabilities, they need a practical roadmap to ensure that these relationships will create value for their firm. They must answer questions like these: Which business combinations do we need? How should we govern them? Will their results justify our investments? Benjamin Gomes-Casseres explains how companies create value by “remixing” resources with other companies. Based on decades of consulting and academic research, Remix Strategy shows how three laws shape the success of any business combination: • First Law: The combination must have the potential to create more value than the parties could create on their own. Which elements from each business need to be combined to create joint value? • Second Law: The combination must be designed and managed to realize the joint value. Which partners best fit our strategic goals? How should we manage the integration? • Third Law: The value earned by the parties must motivate them to contribute to the collaboration. How will we share the joint value created? Will the returns shift over time? Supported by examples from a wide range of industries and companies, and filled with practical tools for applying the three laws, this book helps managers design and lead a coherent strategy for creating joint value with outside partners.

Strategy for Law Firms
Strategy for Law Firms

Author: Nick Jarrett-Kerr

Publisher: The Law Society

Published: 2009-12-03

Total Pages: 228

ISBN-13: 1853288640

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The Legal Services Act 2007 has fundamentally altered the legal market, transforming the regulatory framework and economic landscape. In an increasingly competitive market place, law firms must make strategic choices that will affect their long-term prospects. This book guides firms through the strategic options available to them and suggests how they might position themselves to succeed in the market.

Law Firm Accounting and Financial Management
Law Firm Accounting and Financial Management

Author: John P. Quinn

Publisher: Law Journal Press

Published: 2001

Total Pages: 934

ISBN-13: 9781588520418

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This book covers topics such as: fundamentals of law firm financial information, with easy-to-understand examples of the data involved and financial management concepts.

Law Firm Strategies for the 21st Century
Law Firm Strategies for the 21st Century

Author: Christoph Vaagt

Publisher:

Published: 2020-09-30

Total Pages: 260

ISBN-13: 9781787423022

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As the legal landscape becomes increasingly competitive, it is clear that law firms do not always do enough to remain at the top of their game. Firms that have embraced the challenges presented by increased competition are undeniably in a better position than those that have not.This title aims to help partners understand what they can - and what they should not - do to chart the course of their firm most effectively, and covers current topics such as digitalisation and the emergence of new competitors from outside the market. Keeping abreast of market developments is an essential part of law firm management and this edition focuses on helping partners, and their teams, to develop the right strategy.The second edition of this practical title in Globe Law and Business's series on the business of law offers up new ways to think about strategy and how to explore it in the context of a partnership. It includes contributions from leading academics, consultants and law firm partners who share their insights and experience in strategy development and management.Whether you are a managing partner of a small, medium or large law firm, this book offers a variety of viewpoints in a comprehensive single volume. As well as partners and their teams, it will also prove useful for consultants and academics in developing research in this important area.

Automation of Mergers and Acquisitions
Automation of Mergers and Acquisitions

Author: Karl Michael Popp

Publisher: BoD – Books on Demand

Published: 2020-10-27

Total Pages: 152

ISBN-13: 3750462054

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The goal of the book is end-to-end automation of M&A processes. With this book, the following tasks can be carried out: 1.Determination of the tasks to be automated: In this book, all tasks in due diligence are described. The tasks relevant for a company can be selected and then automated in a targeted manner. 2.Overview of the automation options for the M&A process: The automatability described for the tasks allow an overview of which tasks in the M&A process can already be automated in which way. 3.Determination of the automation potential of M&A processes: The methodology contained in this book and the details of the tasks and their automatability allow the determination of the digitization potential. 4.Familiarization with M&A processes: In this book all tasks in the Due Diligence phase are documented with their objectives, a description and with questions during the execution. This enables a quick familiarization with the details of the Due Diligence phase.