Opportunity knocks sometimes before you have a chance to define your own strategic plan. Or it may be strong strategic plan has your firm expanding by merging, acquiring or development alliances with other law firms. Because Catalyst believes in values based businesses, it is crucial that the new relationship has at its core similar values and visions. We hope you believe this as well.
New Firms: Whether you are a sole practitioner or preparing to start a partnership, it is crucial that you have defined in your mind the direction you want to go. With out vision and the foundation of values to guide decision making you will end up no where near your dream. Having a strong building plan is crucial. This allows you to bring into the new firm people of similar values who will believe in your vision. You will have a roadmap (the plan) to help you move down the road. And within the plan will be measurable results so you continually execute your plan.
Mergers & Acquistions: And sometimes an opportunity arises to merge firms or make an acquistion. This is where hard best business practices comes into play. We start first with the owners of each firm and make sure there is a common blending of values and vision that will allow a solid on-going relationship. We will look at both firms from top to bottom, from financial to performance reviews, compensation, governance, case management and human resources and work culture. We look at client service proficiency and how work product is delivered. We will assess whether or not there is a strategic and culture fit of both firms so that you have a strong change of success. We will work with the leadership of both firms to see if there is a working relationship that can blend common values and long term planning.
And if you decide to move forward we can advise you on what type of additional experts you need to involve ensure that you are fully protected and there has been a complete disclosure of all financial or ownership issues and assets acquisition.
Whether you are a new start up or you are looking to merge or acquire a firm, Catalyst can stay involved to ensure that the vision is achieved and there is desired measured success.