M & A already!
It’s only the first day of the new year, and I received notice of more large firm mergers! What does that portend for the rest of the year?
“A British trade publication reports that St. Louis law firm Bryan Cave LLP is in merger talks with Cleveland-based Squire, Sanders & Dempsey LLP. A deal would create one of the 10 largest U.S. law firms, with more than 1,500 lawyers.”
This seems to reflect the American dogma: Growth is good, stability is bad.
At the same time, however, this will cause change and change creates opportunities. Keep your antennae up for new opportunities for lateral hires of lawyers who become dissatisfied with the new structure and for clients who may prefer the more personal service of a “smaller” law firm.Tags: Management
Categorized in: Management