Bigger. Better. Both?
30 April, 2013
Succession: mergers are minefields
Warren Riddell. Accounting. beatonbenchmarks. Consulting engineering. Engineering. Law. Management consulting. Mergers & Acquisitions. Other professional services. Strategy
Professional service firms often become ‘succession stuck’. They do too little, too late for an orderly internal transition of ownership. As a result they either reach for a trade sale or seek a merger. Mergers can work well when managed well. Or mergers can destroy shareholder value.
12 April, 2013
Charmed Circle and the luxury goods market
In responding to Eric Chin’s analysis of the Charmed Circle law firms let me start by considering a retail analogy. What’s happened in the luxury goods market… Luxury stores and brands such as Tiffany and Hermes are subject to economic ups and downs but I have seen no evidence of fundamental changes in the buying behaviour of […]
9 April, 2013
The Charmed Circle of BigLaw firms in the USA
We reviewed London’s Magic Circle of BigLaw firms in a post last month; this month we take a close look at the Charmed Circle law firms in the USA. Members of both circles are elite, some would say stratospheric, law firms. It has been nearly a decade since The Economist examined the different strategies adopted […]
6 April, 2013
Can law firms adopt disruptive innovation?
“Here’s the thing: disruptive innovation is not coming to the law. At least, not quickly.” wrote Sam Glover last week. Whereas in June last year I wrote “In light of the grim Innovator’s Dilemma picture summarised here, can law firms hope to succeed?” Both of us are analysts of the question: Can law firms adopt […]
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