Individuals and groups of attorneys often seek to join with larger law firms because they expect size and a better balance of skills and client base to provide them with improved professional services and long-term economic advantages.
Such a merger, if consummated, will call for a change in how attorneys in the newly merged firm practice law and manage their businesses. It will potentially require different approaches to management and compensation, as well, but it will also create numerous new opportunities — especially with the enhanced professional, substantive and economic objectives of the newly merged firm.
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