The legal industry is undoubtedly experiencing a significant period of transactional movement. Combinations among law firms in the United States have increased 110 percent from 2010 to 2014, according to figures released by legal consulting firm Altman Weil. As a likely result of an improved economy and an operational necessity to compete in today’s industry landscape, such consolidations are apt to continue in the coming years.
The integration process certainly extends beyond combining firm A and firm B. A number of questions and considerations surface not only for the firms involved in the transaction, but also for the acquired firm’s existing corporate clients. This comes from experience.
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