But be aware that younger partners who have been focusing on a future leadership role in your firm may not welcome a merger that drastically alters their hopes for the future. As firms get larger and vie for work from larger companies, conflicts of interest and the inherent liability that accompanies such conflicts will undoubtedly arise. He and other IP partners worry that a merger might well disrupt relationships they have had for decades. Attorneys in other areas of law are far less concerned with conflicts. Let's face it.
Many small firms take justifiable pride in their achievements and reputation.
While feelings of satisfaction and pride won't buy you a view of the 10th green at Avenel, there is something to be said for the kinds of intangibles that improve your overall outlook. So if your firm is not among the well-known names on the Legal Times 100 list, you may in fact have the culture, lifestyle, and control you've always wanted. I have yet to see a wagon that needs 100 horses. He specializes in assisting attorneys with individual financial planning and law firms with evaluating and implementing firmwide retirement plans.