AN ALTERNATIVE TO MERGERS: Small and Medium Law Firms Looking to Expand- An Alternative Solution to Mergers

SMALL AND MEDIUM LAW FIRMS LOOKING TO EXPAND- AN ALTERNATIVE SOLUTION TO MERGERS

How small and medium law firms can grow with the help of a supporting Legal Process Outsourcing Unit.

INTRODUCTION:


Most law firms always wish to expand and encourage growth of business. What mid-level law firms do is that they merge with other similar firms in the hope of creating a larger and better collaborated firm. However, that is not the only alternative available to them. In this article, I will try to put forward my view of the alternative- how small and medium law firms can grow with the help of a supporting Legal Process Outsourcing Unit.

Mergers are not the only hope for medium law firms.
There is an alternative!

In this regard, I shall be writing this article in three major parts. The first part of it will look into the law firm mergers over the last few years and what the firms look for while merging with another similar or a larger firm. The second part will try to analyze the alternative, the possible greater growth of law firms if they outsource to LPO’s. The analysis in both these cases will be theoretical, though some areas will be spiced up with the use of statistics. In the third part, I will try to analyze the two alternatives, with respect to different benchmarks and try to ascertain which the better option for mid-level law firms is.

Written by:

Anagh Sengupta


Part I of this article- "Are Mergers the answer to Mid-level law firm Growth" is available at <http://megalpo.blogspot.com/2010/10/are-mergers-answer-to-mid-level-law.html>

Part II A of this article- "Can Mid-level law firms seek to grow by entering into Outsourcing Deals?" is available at

 <http://megalpo.blogspot.com/2010/10/alternative-to-mergers-can-mid-level.html>

P.S. The other parts of the article will follow soon.