Practice HQ Resource: Merging Law Firms Checklist
The owners of law firms may consider merger options as part of their succession planning.
While periodically reviewing merger options can be an effective part of long-range strategic plans, it’s important that firms do not rely on mergers as a life raft. Instead, mergers should incorporate a well-thought business strategy and create greater client value.
The ISBA’s Merging Law Firms Checklist helps attorneys plan for a successful merger, and includes formation, compensation, accounting, and billing considerations.
The checklist is one of many member resources available at Practice HQ, the ISBA’s one-stop microsite for practice management and technology information. Organized by the life cycle of a law practice, Practice HQ can help you start a firm, build, manage, protect, or wind down. Practice HQ content is members-only; you must log in to the ISBA website for full access.