Managing Partners Forum

All in all, a very well-run program. The ability to interact with other managing partners was especially valuable.

Thomas C. Logan, Esq.
Carr Allison - Birmingham, AL

Growth

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White Papers

  • Ten Years of Law Firm Mergers and Acquisitions – 2006-2017  ** NEW **
    by Thomas S. Clay, Altman Weil

    Consolation is a clear and ongoing trend in the US legal market, and Altman Weil has been tracking law firm merger activity since 2006. After a post-recession dip in the number of law firm combinations, 2016 was the fourth consecutive year with more than 80 mergers and acquisitions. Here are some of the more interesting highlights in this report:

    • The largest merger on record occurred in 2015 as Dentons (2,500 lawyers) combined forces with China’s Dacheng (3,600 lawyers).
    • Seventy-five percent (75%) of law firm combinations involve large firms acquiring much smaller firms, often in the 2-20 lawyer range.
    • Succession is among the primary reasons smaller firms seek to become acquired by larger firms.
    • The most combinations have occurred in the Southeastern US, with 195 mergers and acquisitions tracked in the last ten years.
    • States with the most activity are California (78), New York (57), Florida (51) and Texas (49).
    In addition to the report itself, there are four good articles, including one entitled “Is this Merger a Good Idea?”
     

  • 2014 Report on the State of the Legal Market
    by Georgetown Law and Peer Monitor

    This 15-page White Paper draws on several other reports and surveys to present its findings and conclusions about today’s marketplace for legal services, and every firm leader should take the time to read and study it. We encourage you to take a step further and share its highlights with your partners. In it, you’ll read about market conditions - flat demand, more competition, improve efficiency, more commoditized work, non-traditional service providers - that should deeply concern law firm owners. But you’ll also read about opportunities for those firms with leadership and a willingness to innovate. Another good sign for mid-size firms: It cites evidence that in-house counsel is sending more "important" matters to smaller and mid-size firms than they were three years ago. Finally, it suggests that growth should be the outcome of well-executed, proactive, client-driven strategy, not be the strategy itself.

  • Fulbright's 6th Annual Litigation Trends Survey Report 
    by Fulbright & Jaworski, LLP

    Good news for litigators! This year's trends survey, conducted by Fulbright & Jaworski, reports that litigation is up in most every area of law due in large part to the sour global economy. Contracts, bankruptcy, employment and personal injury lead the way. Electronic discovery is another hot, rapidly growing area of law. The 64-page survey report, which includes over 400 US and UK respondents, also cites an increase in the use of alternative fee arrangements for litigation matters.  

  • Legal Marketplace in Late 2009
    by Smock-Sterling Strategic Management Consultants

    As we approach year-end 2009, our friends at Smock-Sterling report good news to law firm leaders. They surveyed over 100 midsize firms, asking 26 important questions about the present and future legal marketplace. While many firms and practice areas have taken big hits during the economic downturn, most have not; and the law firm business model has proven itself to be remarkably resilient, especially for midsize firms.

  • The Current Economic Environment - What Firm Leaders Are Saying
    by John S. Smock, John W. Sterling and Peter A. Giuliani

    Forum Faculty member John Smock and his partners recently wrote this assessment of how law firms are performing in the midst of the current economic downturn. And it's not as bad as you might think for the well-managed law firm.