Failed law firm mergers are common, but reports of unsuccessful pairings have been particularly prominent in recent weeks. Firms point to conflicts of interests, cumbersome retirement plans and incompatible business structures as recent deal-breakers. But while money and ethical matters can present significant relationship baggage, the reasons for scrapped plans tend to run much deeper, say those who have gone through the process and come out on the other side. "It's like dating," said Michael LoVallo, whose former firm Sachnoff & Weaver merged with Reed Smith last year. "You identify somebody as a possibility and you try to imagine what it's going to be like living with that person."
September 15, 2008 at 12:00 AM
1 minute read
It’s a given that many law firm mergers flame out before they ever get off the ground, but reports of unsuccessful pairings have been particularly prominent in recent weeks.
Some of the deals stalled because of conflicts of interests, the firms said. Others did so because of cumbersome retirement plans or incompatible business structures, they said.
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