Acquiring another business is often a strategic move to achieve various business goals; such as expanding your geographical reach, increasing market share, accelerating the growth of an existing revenue stream, increasing market share, acquiring new technology, or diversifying your business.

However, before pursuing an acquisition, it is important for law firm owners to carefully consider a number of factors to ensure success. These factors may include the financial health and stability of the target company, the compatibility of cultures and values between the two businesses, the potential impact on current employees and customers, as well as any regulatory or legal considerations.

In this go-to guide, Menzies LLP, a leading UK business advisory and accountancy firm offers six steps to support your decision-making and preparations to acquire another law firm or business.

By thoroughly evaluating these factors, and developing a well-planned integration strategy, law firm owners can increase their chances of a successful acquisition and achieve their desired outcomes.

Download the guide

Click here to download Menzies’ guide: Buying a Business: What should you consider in your acquisition journey? 

Let’s talk about your plans

Wherever you are in your acquisition journey, it can be useful to have a team of advisors in place to help you through the process.

Menzies deal advisory team has in-depth experience in advising and supporting clients in the planning, negotiation, and completion of acquisitions. We can help you to decide if growth by acquisition is the best route for your business; providing you with practical and insightful guidance throughout the entire process to help achieve your desired outcome.