Credit: zenzen/Adobe Stock Plaintiffs Firms Are Embracing Mergers to Solve Succession-Planning Uncertainty
COVID-19 court closures put pressure on some firms' economic models, and most players in the arena don't regularly bring in fresh talent to create a pool of future leaders.
January 16, 2024 at 05:00 AM
5 minute read
Succession Planning
The original version of this story was published on The Legal Intelligencer
Mergers are becoming increasingly more common as a resolution for the succession-planning quandary at plaintiffs firms, which don't regularly restock their ranks in the same fashion as the corporate law firms they face off against in the courtroom. Case in point: three sets of personal injury firms in Pennsylvania announced mergers going into effect at the start of 2024.
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