Planning & Implementing Law Firm Mergers - An Advanced Guide

Introduction

Whether you wish to build a more competitive law firm able take on and beat rivals, or perhaps require an effective exit for some or all existing owners, consolidation is a useful means to an end.

As competitive pressures on law firms intensify, the pace of consolidation in the legal profession is likely to continue increasing.

During this two-part modular webinar, expert speaker Peter Scott will share his experiences, hints and tips gained whilst managing partner of Eversheds, during which time he successfully negotiated and implemented several law firm mergers and acquisitions.

Module 1 - How To Plan & Negotiate Successful Law Firm Mergers

Essential viewing for those in senior management who may be considering merger, acquisition, or sale for their law firm, this webinar will provide you with a highly practical guide to negotiating a successful merger.

This webinar will cover the following:

• Why merge? Make sure you merge for the right reasons
• How to go about finding the right merger partner
• How to make an approach
• What to do if approached
• Negotiating the merger - The do's and don’ts
• Does my firm have a value?
• Understanding when to walk away

Module 2 - How to Implement a Law Firm Merger to Achieve its Full Potential

Merging two or more firms is only the beginning of the consolidation process, and not the end as some practices have found out to their detriment. Without a clear integration plan a merger is unlikely to work, let alone achieve its full potential.

Essential viewing for those in senior management who are considering the future of their firm, this webinar will provide you with highly practical guidance on how to successfully implement a law firm merger.

This webinar will cover the following:

• What an integration plan should cover
• Putting in place a ‘Top Team’ to integrate the two businesses
• How to get your people working together
• Ensuring changes in the merger agreement become reality
• Understanding what systems and management may need to be upgraded
• Thinking bigger and adapting to the enlarged size of the new firm
• How to harness the energy released by the merger

This webinar was recorded on 20th January 2022