Description: Attorney Placement and Law Firm Consulting
It was refreshing to hear Jonathan Harmon, Chairman of 189 year-old Richmond-based McGuireWoods, declare last week what most of his BigLaw peers are or should be thinking: “We are looking to grow and aggressively looking to talk to firms who are of the mindset. I believe that the market’s consolidating and that you’re going to have to have scale.” See McGuireWoods ‘Aggressively’ Seeks Merger Partner, Chairman Says . The extent to which McGuireWoods will be successful in its efforts to find firms to acq
The good news for Harmon and like-minded firm leaders is that there is a substantial array of attractive merger candidates for robust and healthy firms. As to McGuireWoods, with gross revenues rising 16% over the last five years to its current level of just south of $1B and profits per equity partner increasing at an even faster rate over the same period to just south of $2M, there can be no doubt that they will be seriously considered as a merger partner by more big firms whether those firms choose to rem
So excellent work, Jonathan Harmon, and kudos to you for being so refreshingly straightforward. We are certain that McGuireWoods’ future is bright, and are on board to assist you and like-minded BigLaw leaders in helping to take your extraordinary firms to even greater heights!