The recent spate of law firm merger announcements will impact over 3,200 lawyers.
Law firm mergers lead to many changes and send a ripple effect through the industry. Many of these changes are positive and some are less favorable. This is a time and opportunity to actively manage your career to make sure any changes impact you positively.
Associates can expect consolidation where roles and workload overlap. This can be positive as you may have an opportunity to join another group within the new firm that interests you. Also know that smaller satellite offices may be closed to reduce overhead. And get ready to learn new workflows, processes and technology. But you’re young. You can adapt!
Partners face broader implications regarding compensation, leadership, and strategic alignment. Some partners may see their leadership and influence within the firm reduced. The merged firm might bring changes to equity distribution, profit-sharing models, and compensation structures, which can either boost your financial standing or lead to adjustments that may be less favorable.
The new firm may have a significant impact on your business. If you have a book of business and the merged firm is likely to require you to increase your hourly rates, you may be better off at a firm that offers more flexibility on your hourly rates so you can keep your clients.
In addition, conflicts can be a real issue. If you know the other firm is going to pose numerous conflicts for your clients, it’s probably time to consider other options.
Whether you are an associate or partner, there is no doubt that the culture and the firm’s strategic focus will change. This may include getting rid of certain groups or practice areas and growing and expanding other practice areas.
It may include a change or realignment of the firm’s geographic footprint and a focus on larger clients.
A merger gives you an opportunity, welcome or not, to reevaluate your career goals and explore new opportunities. Whether you’re concerned about downsizing, changes to your role, firm culture, or compensation, or you’re simply looking
for a more stable or dynamic environment, this could be a perfect time to consider other firms that align more closely with your goals, and your client’s needs.
If you’re thinking about making a move or just want to explore what options are out there, now is an ideal time to engage with a recruiter who understands the market. We can help guide you through the process, matching your skills, experience, and career goals with firms that offer the right fit for your professional development and personal values. Whether you’re seeking a larger platform, more specialized practice, or simply a fresh start, we’re here to help you navigate the next step in your career.
To learn about opportunities or develop a relationship with us
to hear about opportunities in the future,
either send us your resume at JBRoder@VortexLegal.com or schedule a time below to chat!
