Many more law firms — of all sizes and types — believe that their future organizational and financial security is linked to growth and diversification. They are seeking the lateral addition of experienced lawyers through the acquisition or merging of practices. These firms are seeking to anticipate trends of their clients and in legal practice.
The merging and acquiring of practices results from a variety of situations. They include more senior lawyers in firms blending their practices with small, medium-sized or larger law firms; large city law firms seeking to combine their respective talents and practices; expatriates from larger firms forming smaller boutique law firms; government attorneys moving back to private practice; and spinoffs from seemingly successful firms.
