Although defensive mergers can seem like a good plan of action for many firms that are struggling, a number of factors need to be taken into consideration before such a strategy is undertaken, says Colin Ives
External pressures are making life very difficult for some law firms. The current economic climate, declining profitability, increased professional indemnity costs and the greater burden of new regulations are all taking their toll. As a result, some firms are being forced to consider how to ensure the survival of their business. One option is a defensive merger.
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