News & Insights

Well-established legal practices in need of long-term growth prospects often turn to mergers and may look towards smaller firms to help them achieve their aim. But what if the firm is small? Is it really at risk of being swallowed up by a larger firm wanting to nab a bigger share of the market? Or…

Neville Dinshaw and Mark Holt are the Editorial Board for Modern Law – July 2021 Press download to read this article.  

Onboarding and pairing new recruits with mentors is extremely important. It welcomes them into the team, gives them an important insight into how the business works as a whole, and demonstrates how they fit into the team. Once we gain a sense of our new recruit’s strengths and weaknesses, we match them with their mentor…

In our previous article, we discussed valuing your law firm. Here, we look at the sales process and what you need to do to make your firm sale ready.https://www.lawmergers.co.uk/what-is-your-law-firm-worth-a-guide-to-valuing-your-practice/ Getting sale ready really boils down to ensuring your firm can survive without you and any other principals. This could mean expanding client relations in good…

It is well-known within the business world that although turbulent times create disruption, it also provides many opportunities. As we emerge from a working world different to anything we’ve ever seen before, now is the time to have robust and innovative strategies for market share growth. The potential for high-value innovation exists throughout every business….

Neville Dinshaw,  Managing Director of Law Mergers & Acquisitions. Editorial Board for Modern Law – July 2021 Press download to read this article.  

Potential law firm acquisitions tend to come with a host of questions, the most vital of which is probably, how much should I pay? As you may expect, the answer is far from straightforward. This is because when one law firm acquires another, it is buying both the business and its practice.

Even though this is a question we are often asked, giving a precise answer can be difficult because valuing a law firm is not an exact science. This is because there are many factors to consider. Typically, you could expect to receive a figure for goodwill, furniture, fixtures and fittings, equipment and library with the…

Over the last few years, there has been an exponential increase in high-profile law firm mergers, both domestic and international, but what has been the main driver of this activity? It appears, among law firms, there is a dawning sense that in order to survive and thrive in a challenging legal market, they either need…

Selling or merging a business you have spent many years building is a significant undertaking with several financial and legal aspects to consider. For some, this might be an employee or management buyout and for others putting a plan in place for family succession. Whatever the reason, it is important to minimise dramatic changes to…

Law firms tend to follow where wider business leads. With competitive urges sending business searching far beyond its own borders, sometimes even national borders, and the same is true for law firms. It is notoriously time-consuming and expensive to build a network of organically grown offices from scratch, so large-scale national and transnational tie-ups can provide a quick and easy way of earning a higher domestic profile or global tag.

When a law firm goes on the hunt for a merger partner, examining financial and business factors is likely to elicit many promising candidate firms. But how do you narrow the field and realise a successful amalgamation from this fantastic roster of great firms? Considerations such as widening client relationships, gaining depth in valuable practice…