Merging or Acquiring Law Firms for Firms of All Sizes (2013)
A Primer for Mergers and Acquisitions of Law Firms | LPM CLE
“Merging and Acquiring Law Firms for Firms of All Sizes”
1.5 MCLE Credits
(1.5 areas of professional practice and/or law practice management)
Sponsored by the Law Practice Management Committee and the Committee on Continuing Legal Education of the New York State Bar Association
A Primer for Mergers and Acquisitions of Law Firms for Firms of All Sizes
Partners in many more law firms – of all sizes and types – believe that their future organizational and financial security is linked to growth and diversification. Law firms are seeking – through mergers and acquisitions – the lateral additions of experienced lawyers in complementary and diverse practice areas to satisfy current and anticipated needs and legal trends of their clients and in legal practice.
During this webcast, Managing Partners of a larger and mid-size law firm and a national law firm management consultant will:
- Identify the critical factors that should be considered when determining the reasons whether a merger or acquisition is necessary
- Discuss the merger options available: acquire a smaller firm, join with a firm of approximately the same size, or be acquired by a larger firm
- Identify sources of potential merger partners
- Discuss the importance of pre-merger discussions to identify potential problem areas that need to be addressed early during merger discussions: make partners in both firms aware of potential personality conflicts; the synergistic benefits to be derived from the joining together and developing the checklist for the exchange of information
- Describe in detail, through practical examples, the due diligence process for evaluating the objective data and subjective information about potential merger partners
- Identify potential problem areas: Firm name, Culture, Client conflicts, Partner Compensation, Management of the business and substantive sides of the practice, Rates, Retirement payouts, Unfunded pension liabilities, Capitalization, Death and Retirement benefits, Work-in- process and Accounts receivables
- Address issues relating to pre-existing or potential malpractice claims against either firm
- Address the compensation and firm commitments made to associates
- Discuss firm administration and real estate
- Describes the process for integrating two firms into one
Joel A. Rose,Joel A. Rose & Associates, Inc., Management Consultants to Law Offices, Cherry Hill, New Jersey
Peter S. Bejsiuk, Esq.,Capehart & Scatchard, Mt. Laurel, NJ
Joel S. Lever, Esq.,Kurzman Eisenberg Corbin & Lever, LLP, White Plains, New York
This program was recorded on April 4, 2013.
Be advised that during the online program, verification codes will be displayed on the screen and announced. In order to receive MCLE credit, you will need to print the MCLE Attestation Form and write down the program codes. You will receive your MCLE certificate via email. Please be sure to provide your email address when registering.
For more information about upcoming Law Practice Management programs, visitwww.nysba.org/LPM.
Total Credits: 1.50 | Areas of Professional Practice: 1.50
- Online On-Demand