Law Practice
Oct. 11, 2014
Merging firms is tougher than some think
Managing partner expectations regarding the amount and timing for increased profits from combining law firm operations and office space is critical to any merger, yet it is typically handled poorly. By Edwin B. Reeser
Managing partner expectations regarding the amount and timing for increased profits from combining law firm operations and office space is critical to any merger, yet it is typically handled poorly. There are no magic solutions to the challenge, and it isn't a big selling point to support the financial merit of most mergers.
Office space pricing and terms are driven by the local market. Even if one is fortunate enough to have bel...
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