Merger activity among law firms is still very strong. But it is estimated that only 5 to 20 percent of mergers discussed ever come to fruition. And ultimately that may be a good thing, because a good percentage of mergers do not work out long term.
What are the proper steps to consider when approaching a merger? What compatibility issues and due diligence should be carefully examined? Would an affiliation of some kind be a more appropriate and lower risk alternative?
This section addresses these questions and more.