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Associate Insight: The path to profitability

By Colin S Taylor

24 July 2015

After a number of years of frantic merger activity within the Legal Profession, recent reports indicate a decline in the number of firms now looking to merge. The SRA's official figures indicate that there were 176 mergers last year, down from 196 the previous year.

It now seems that smaller firms are turning their attention away from mergers towards other areas to improve or maintain profitablity. Having said that, some reports still indicate that 60 percent of firms are still considering mergers.

Whether profitability is sought from increased marketing, alternative management structures and the like, or through merger, firms need to consider carefully the risk implications involved and the potential Professional Indemnity Insurance issues.

Mergers/Aquisitions

When it comes to mergers or aquisit...

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