In light of the current recession, many lawyers and law firms are considering joining with other firms as a strategic option to improve client development and retention, professional capability and the delivery of legal service in a quality, timely and profitable manner in order to improve their firm’s future.
The main purpose of many acquisitions and mergers is to produce a synergistic effect in a much shorter time than would be possible through a gradual growth, if indeed it would otherwise be possible at all.
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