Merging and Acquiring Law Firms of All Sizes
Date: Thursday, April 11, 2013
Format: Live Webinar
Duration: 90 minutes
1:00 PM-2:30 PM Eastern
12:00 PM-1:30 PM Central
11:00 AM-12:30 PM Mountain
10:00 AM-11:30 AM Pacific
Partners in many law firms — of all sizes and types — believe that their future organizational and financial security is linked to growth and diversification. Law firms are seeking – through mergers and acquisitions – the lateral additions of experienced lawyers in complementary and diverse practice areas to satisfy current and anticipated needs and legal trends of their clients and in legal practice.
During this webinar, key leadership of large and mid-size law firms and a national law firm management consultant will:
- Identify the critical factors that should be considered when determining the reasons whether a merger or acquisition is necessary
- Discuss the importance of pre-merger discussions to identify potential problem areas that need to be addressed early during merger discussions: make partners in both firms aware of potential personality conflicts, the synergistic benefits to be derived from the joining together, and developing the checklist for the exchange of information
- Describe in detail, through practical examples, the due diligence process for evaluating the objective data and subjective information about potential merger partners
- Identify potential problem areas: firm name, culture, client conflicts, partner compensation, management of the business and substantive sides of the practice, rates, retirement pay-outs, unfunded pension liabilities, capitalization, death and retirement benefits, work-in- process and accounts receivables
- Address issues relating to pre-existing or potential malpractice claims against either firm
- The effects of a law firm merger or acquisitions on clients
Joel A. Rose, CLM (Moderator), President, Joel A. Rose & Associates, Inc., Cherry Hill, NJ
Brian L. Schwalb, Vice Chairman, Venable, LLP, Washington, DC
Peter Spirgel, Managing Partner, Flaster Greenberg, Cherry Hill, NJ
H. Glenn Tucker, Managing Partner, Greenberg Dauber Epstein & Tucker, Newark, NJ
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The ABA will seek credit for this program in the states indicated on this page. The ABA will seek 1.5 hours of general CLE credit in 60-minute-hour states and 1.8 hours of credit in 50-minute-hour states. Credit hours granted are subject to approval from each state. Click here to view a list of 60- and 50-minute-hour states.
Special rules apply to New York-licensed attorneys as follows:
New York: This non-transitional CLE program is approved for experienced NY attorneys in accordance with the requirements of the New York State CLE Board for 1.5 New York CLE credits. Newly admitted attorneys may not earn New York credit for this non-transitional CLE program.
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Access for Deaf/Hard of Hearing Attendees
CART (Communication Access Realtime Translation) service provides instant accessibility for the deaf and hard of hearing by delivering the spoken word as a realtime stream of text. CART service for this program is firewall friendly and works in almost any network environment with Internet access, and is compatible with all major web browsers.
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