Just over a week after Greenberg Traurig terminated its merger talks with London-based Berwin Leighton Paisner, a new report has been published that claims that the majority of law firm mergers fail to deliver benefits to clients and risk damaging partnership value.
The study by Gulland Padfield, a London-based professional services consultancy, found that most law firms merge for defensive rather than strategic reasons, and then poorly manage the integration process by focusing too heavily on areas such as systems and technology at the expense of clients.
