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Results: Mergers and Acquisitions
We are preeminent strategic advisors on law firm mergers and acquisitions.We have advised on many of the most successful and historic law firm combinations between firms in the United States, Great Britain, and the People’s Republic of China over the past two decades.
To achieve market leadership, law firms must align their partnership structure, systems, and go-to-market strategies with one another and their strategic vision. We work with firms at all stages of their evolution and across a broad spectrum of challenges and opportunities, including increasing revenue and profitability, defining and implementing performance metrics, and identifying and facilitating combinations.
Zeughauser Group has an unparalleled track record in creating strategic growth plans tailored to our clients’ aspirations, leveraging our insight into the legal marketplace as well as our leadership experience consulting with major law firms and their clients.
In an increasingly crowded marketplace where competition for clients grows more intense every day, law firms must allocate scarce marketing resources to ensure that every dollar spent contributes to firm growth or other key priorities. Our consultants have extensive experience creating marketing and business plans that drive profitable growth for law firms.
Client satisfaction is a critical measure of a law firm's success and a prerequisite for market leadership. Zeughauser Group has conducted thousands of successful client service interviews (CSIs) for many industry-leading law firms, including three of the largest 15 law firms in the world.
Zeughauser Group is the industry leader in positioning and branding for law firms. Drawing on decades as law firm and corporate executives, we understand the process that clients and recruits take to choose your firm over others. We have helped develop some of our industry’s most successful branding campaigns for large, multi-practice and multi-office firms, as well as firms focused on specialized practices, sectors, or geographies.
In a challenging market, law firms need high-performance marketing and business development teams that drive growth and profitable revenue. Our Marketing Organization Assessment and Design group ensures that the objectives and priorities of your marketing department are aligned with your firm’s strategic business goals and that your marketing team is structured to maximize its contribution to firm growth and profitability.
At each meeting we share innovations, best practices, and lessons learned, and we benchmark best management practices among leading law firms.
These highly interactive sessions address topics relating to the future of legal marketing and our industry as a whole.
Members give high marks to the focus on highly interactive, facilitated discussions about topics they suggest at each meeting.
January 2024
With Scale Top of Mind, More Law Firms Are Willing to Put Merger Option on TableLaw firm mergers are off to another strong start in 2024, with multiple combinations that span all corners of the continental U.S announced this week. Kent Zimmermann notes that over the past 24 months, higher-performing, higher-quality firms are putting mergers and acquisitions on the table when they hadn’t done so historically. One huge driver on why so many firms are interested in mergers is the recognition of significant benefits of scale.
February 2023
Law Firms Turn to Layoffs Amid Slowing DemandA hiring spree during recent years left many firms overstaffed. Citing economic headwinds and slowing demand, some large law firms are tightening their belts, shrinking their attorney ranks and eliminating professional staff. The decline in demand for legal work last year followed years of growth driven by a boom in mergers-and-acquisitions work, prompting hiring sprees accompanied by six-figure bonuses for even lower-level attorneys. Peter Zeughauser observes that the demand for legal work “has fallen off the cliff. The firms that were really red hot and significantly over-hired are the first movers to lay people off.”
February 2023
Stroock's Merger Talks Face Pension and Accounting System HurdlesAs Stroock seeks out a merger partner, the firm's accounting system and unfunded pension could add additional barriers to a deal. Merger experts say that while those elements add an additional level of complication to merger talks, it doesn't mean a deal can't be done.The firm has explored a merger with McGuireWoods, Steptoe and, most recently, Squire. Peter Zeughauser explains why pensions can become a potential impediment in any merger talks.
December 2022
Managing Brand Equity When Law Firms MergeMary K Young writes about the process of law firm mergers, the growing urge for firms to combine, the sensitivity around post-merger firm names, and retaining brand equity.