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Right-sizing your merged law firm

By Andrew Hedley, Director, Hedley Consulting

20 August 2013

A merger provides a host of opportunities to right-size. Some arise directly from the merger itself. Others will be realised because 'all bets are off' in a newly-merged firm, providing a window to implement efficiencies that were previously denied.

Right-sizing is generally assumed to mean moves to reduce costs and therefore increase operational efficiency in order to improve profitability. However, right-sizing should also consider the introduction of new structures, modern practices and innovative approaches. Through this combination of sustainable structural and operational efficiency improvements, net profitability can be boosted further.

Staffing costs

Headcount reduction is a necessary part of any merger process. Every opportunity must be taken to eliminate unnecessary duplication of roles and to ensure production capacity is aligned with future revenue expectations. Given the proportion of fixed overheads r...

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