Pro Bono and Law Firm Mergers
Law firm mergers are booming, with new combinations being announced at a record pace. There have already been 48 law firm mergers and acquisitions in the U.S. this year, making 2015’s mid-year total the highest in the past nine years.
Mergers involve many complicated and moving pieces (compensation policies; client conflicts issues; leadership and administrative reorganization and consolidation; etc.) and can create anxiety and tension. Pro bono, however, can be an effective piece of a larger and long-term integration process. It is important that pro bono does not get lost in the shuffle and that firms think carefully about how to sync different pro bono cultures, policies, staffing and governance structures, priorities, budgets, projects, and more.
If your firm has undergone a merger, check out the Law Firm Pro Bono Project’s checklist, which provides a summary of issues and ideas to get you started as your pro program moves forward. Visit our Resource Clearinghouse to download the checklist, which is free for Law Firm Project Members and available to all others for purchase. We are also available for individual consultations to help you best navigate your specific merger-related transitions. Please contact Law Firm Pro Bono Project Assistant Eva Richardson for assistance or to register for the Resource Clearinghouse.