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Planning a Merger? Avoid Pitfalls through Proper Due Diligence

By Steven A. Davis and Marc Feigelson
July 02, 2014

After reaching an all-time high in 2013, the pace of U.S. law firm mergers and acquisitions is showing no signs of slowing down. Last year saw 88 mergers ' the most since legal consulting firm Altman Weil started tracking M&A deals in 2007. And with 22 mergers in the first quarter of 2014, this year is already on track to match or even surpass that number. See, http://bit.ly/1jJuvS7.

With all of these deals in the news of late, you may be considering whether a merger or acquisition might be an appropriate growth strategy for your firm. Does an accelerated alternative to slow, organic growth seem attractive to you? Not so fast. Before you can make an informed decision, you will need to weigh many factors and perform proper due diligence to determine if a particular deal is a strategic move for your law firm. You don't want to just get bigger, you want to get better. A successful merger should improve the firm's competitive position and add value for your clients ' due diligence is key to that success.

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