Challenges facing law firms growing through mergers & acquisitions

When Louis-Michel Tremblay got word that a boutique firm was looking to jump onto a larger platform, the managing partner of the Montreal office of Miller Thomson LLP leaped on the occasion in less 24 hours and made an appointment to meet for lunch at the prestigious Mont Royal Club.Acting decisively was essential, particularly since the North American legal marketplace is in the midst of consolidating and shrinking, marked by growing competition for small and medium-sized targets at a time when the number of attractive law firms is diminishing.

“When there are opportunities, you have to seize them immediately,” said Tremblay, who is also a member of Miller Thomson’s National Executive Committee. “We’re always on the lookout for small groups of lawyers who can add depth to our different fields of practice.”

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