In this episode, I delve into the challenges lawyers encounter when their firms go through mergers. Drawing from my experience as an equity partner in global firms, I discuss the often-overlooked aspects of these transitions, such as managing new technology systems, navigating office relocations, embracing new branding, and adapting to shifts in leadership.
I also touch on the practical steps lawyers can take to protect client relationships, manage origination credits, and align with the evolving firm culture. My goal in this episode is to give you actionable strategies for staying ahead and safeguarding your career when major changes come your way.
At a Glance:
00:00 - Introduction to today’s episode
01:20 - Overview of recent law firm mergers and their impact on market power
02:14 - Initial changes post-merger: technology, office location, branding, and leadership shifts
04:16 - Navigating new office space dynamics and hot desking
05:03 - Challenges with firm rebranding and identity alignment
05:30 - Leadership restructuring and its implications for legal teams
06:12 - The importance of assessing fit within the newly merged culture
07:24 - Evaluating potential downsizing in business and legal operations roles
09:02 - Staying informed through firm meetings and assessing post-merger shifts
09:55 - Managing client conflicts and ethical considerations during mergers
11:01 - Risks and considerations for equity partners under new firm structures
12:43 - Complexities of multinational firm mergers and compensation variances
14:29 - Opportunities for career growth and new business in merged firms
15:04 - Building connections with new colleagues and collaborating effectively
16:17 - Retaining origination credit and client relationship management
18:12 - Client insights into new colleagues: building trusted alliances
19:02 - Proactive strategies for adapting to the evolving firm landscape
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Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:
laura@lauraterrell.com
LinkedIn: https://www.linkedin.com/in/lauralterrell/
Instagram: https://www.instagram.com/lauraterrellcoaching/
Show notes: https://www.lauraterrell.com/podcast
