Blog

15 September 2015
Nigel Wallis lo res

Want to buy a law firm?

We are sometimes asked by people looking to acquire a law firm target if there is a silver bullet that will ensure a successful acquisition, given that most acquisitions fail to deliver the full benefits sought by the acquirer. The honest answer would have to be ‘get lucky’, because there is undoubtedly an element of fortune involved in identifying the right target, negotiating the right deal, paying the right price and delivering the right performance.

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9 September 2015
marketingonline

The future of legal marketing

Within the next five years the world’s largest law firm won’t have any lawyers. Here’s why: Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba/Amazon, the most valuable/largest retailers, have no shops. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening.

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4 September 2015
Ken Grady

Defining the unique role of the lawyer

As you work through the disaggregation process, parcelling out pieces of a case or lawsuit left and right, you should come back to a key question: what is the lawyer’s role? Whether the disaggregating entity is a law firm or law department, you must ask what that entity – and more specifically, the lawyers at that entity – should not send out and why.

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25 August 2015
Mark A Cohen

Law and money: Not the usual story

Stories about law and money are as common as corned beef and cabbage on St Patrick’s Day. They usually chronicle large law firm acquisitions, peripatetic laterals, or practice groups migrating to a firm with a higher profit-per-partner. Recent events involving a US legal service provider, a Chinese law firm, and a UK firm confirm that the law and money story is developing new plot lines emblematic of changes in the global legal services landscape.

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14 August 2015
Nuclear bomb mushroom cloud

Why the fuss over Quindell and Slater & Gordon?

Quindell and (the previously unimpeachable) Slater & Gordon are fast becoming shorthand for the anticipated failure of the alternative business structure (ABS) experiment. A blog in Canada’s Financial Post this week suggested that they have doomed the possibility of ABSs being introduced there. So here’s my question. Why?

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