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Law Firm Financials Law Firm Management Law Firm Mergers

Know When to Hold ’Em And Know When to Fold ’Em: 4 Questions to Ask When Thinking of Merging

Deciding to merge is a process that is best undertaken when a firm has as much information as possible about what their objectives and desired outcome is. Developing that information is best achieved by answering four questions.

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The preliminary results for how law firms performed in 2021 are beginning to trickle out. Despite COVID lockdowns and on-again off-again return to the office efforts, American law firms are reporting record utilization and profits. At least six of the AmLaw 100 firms will report profits-per-equity-partner (PPEP) of $5mm or more, exceeding last year’s record number of five firms, and not all firms have reported their final results.

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