Credit: Nuthawut/stock.adobe.com Partners Reluctant to Merge Can Tank Firms' Chances at Growth, Survival
Stroock & Stroock & Lavan missed its window of opportunity to find a merger partner, and now the firm is shutting down. Could leaders have done anything to secure greater support for their plans?
November 01, 2023 at 01:30 PM
5 minute read
The prime time for a law firm to merge is when a combination is not necessary to its survival, according to consultants; however, partner hold-outs refusing to consider a merger or specific merger partner can cause a firm to miss this ideal window of opportunity, resulting in long-term consequences or even in its eventual demise.
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