there’s a lot to consider whether merging up, down or laterally.
by bill reeb and dominic cingoranelli
although we find that an internal ownership transition often can be your best bet, a merger makes sense in many cases. so, if this is the direction you are heading, we’ve highlighted some of the issues below that we think you ought to consider, with the first one being to really take a close and hard look at the compatibility of the organizations courting each other.
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who is a likely candidate for a merger?
if you are going to consider a merger, which firms would seemingly be a good fit for your practice – i.e., your clients and your employees and if, applicable, partners? the better the fit, the more likely you will be able to retain clients and employees, and the greater the chance for overall success of the merged firms.
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set policies now based on business, not emotion.
