The firm's strategic position can be improved significantly. Included are the firm's attractiveness to laterals and as a potential merger candidate. There can be a rapid improvement in firm economics. The release provided by the buy-out can be a unifying force for partners allowing them to move forward. Many law firms view it as worth the considerable effort.
Any organization can face deception.
Therefore, precaution should always prevail. Law firms face exposure because of their responsibility to clients' funds. Today's technological environment increases the chances of eventually catching perpetrators, but it is certainly prudent to control the firm in such a way that circumstances are not conducive to inappropriate activities. These risks can be minimized if the conditions that lead to such opportunities are eliminated. Lack of sufficient checkpoints to detect errors.