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. Law firms are also seeking ways to stay in compliance with Model Rule 1.17, Sale of a Law 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
12:00 p.m. - 1:40 p.m.
- Peter Spirgel, Managing Shareholder, Flaster/Greenberg PC
- Joel Rose, President, Certified Management Consultant Joel A. Rose & Associates
- Brian L. Schwalb, Vice Chairman, Venable LLP
- H. Glenn Tucker, Greenberg Dauber Epstein & Tucker
States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program.
ABA live webinars and teleconferences ordinarily receive CLE credit in AL, AK, AR, AZ, CA, CO, DE, FL, GA, GU, HI, IA, ID, IL, KY, LA, ME, MI, MN, MO, MT, NH, NM, NY, NC, ND, OK, OR, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, WV, and WY.
The ABA does not seek direct accreditation of live webinars and teleconferences in IN, KS, NE, NJ, OH, and PA.
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.
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.
All attorneys may click here to view additional MCLE information for your jurisdiction.
Please note: In order to receive credits, you must be logged in promptly and remain active throughout the program.
- Peter Spirgel