Mergers can be the quickest way to grow a business, says management consultant Robert Bata of Warwick Place Legal.
With so many large law firms expanding overseas, not to mention the huge cross-border mergers (or quasi-mergers) garnering attention in the news, mid-sized firms may think that they are not in a position to develop an international practice.
A long-standing client wants to hire the firm for a deal in a far-off jurisdiction, and now you have to find local lawyers. But having no experience with overseas transactions, much less foreign law firms, you risk sending the client into the arms of rival firms with more international savvy.