As the legal profession continues to experience change we‘ve seen a rise in law firm mergers. There are many reasons for this: it might be because partners are considering their exit strategy, it might be to give the practice more stability, or it might be a desire to expand the focus of their work or geographic reach.

Bygott Biggs’ breadth of experience, clarity of understanding and commercial nous means we can advise our clients in all these situations. We’ve developed a strong reputation within the legal profession for our discretion and confidentiality, helping firms thrive in changing times.

Succession planning and exit strategies

Many firms face succession planning issues, perhaps as a result of scaling down their businesses during the economic downturn or simply through changing demographics. At the same time, many lawyers no longer see partnership as a glittering prize it once was. That’s because for the first time in living memory we’ve seen law firms fail, and in this situation lawyers have naturally become wary of taking on the risk and liability that comes with partnership. Others may be seeking a work/life balance that’s incompatible with the responsibility of partnership. In all these situations we can help firms thrive by developing effective partner recruitment strategies or planning mergers or acquisitions as a way forward. 

Our in-depth market knowledge and strong network of contacts at management level means we’re well placed to advise firms on the options available. We work with firms of all sizes, whether they’re looking to merge, acquire or be acquired. We can help create a profile of the right law firm partner, identify suitable options in the market and make confidential approaches. We can facilitate discussions and confidential exchanges of information, and keep the process on track from first to last.