Mergers & Acquisitions
3Kites provides strategic input, advice, support and practical help in what can be the most challenging of change programmes faced by a firm. A merger or acquisition, big or small, is multifaceted and creates bandwidth challenges for Boards and leaders of law firms at a time when ensuring optimum client and financial delivery are not compromised and that the business benefits of the M&A are fully delivered.
How we can help
M&A evaluation
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Facilitate discussions and planning with the Board and/or stakeholders to assess alignment with the firm’s strategic objectives, overall fit, opportunities and potential ROI
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Strategic input and risk identification across:
o Values and cultural alignment
o People/role and T&C alignment
o Member/Equity partner remuneration structures
o Governance Structure in the merged entity
o Synergy savings
o The vision for the new firm/practice area
o Operational alignment
o Alignment of core business services and client operations
o Evaluation of IT systems pre-merger (including aligning the approach to use of AI-assisted tools across the merged business) to assess fit and opportunities
o Knowledge management strategy, tooling/knowledge resources and team
Project management
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Programme management of the integration plan
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Project management of IT integration workstream
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Identification of Day 1 deliverables
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Development of the integration plan and key workstreams including communications
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Process mapping of existing core processes to establish a best of both process where change is anticipated
If you would like to discuss whether this service might be helpful to your law firm, please contact:
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+44 (0) 7768 107570
or
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+44 (0) 7771 661866
Click here for more information how we can assist with leadership, strategy and operations.
Client references
Richard Hodkinson
Chief Technology Officer
HGF
3Kites assisted HGF with a CRM implementation that had stalled due to concerns within some practice groups. Working closely with members of the business services team, the consultants quickly built an understanding of the situation by engaging with the firm’s attorneys to find a way forward that teams were more comfortable with. This approach demonstrated a level of commercial awareness from 3Kites that balanced the need to realise a return on investment with a flexible roadmap that doesn’t paint the IT department into a technical corner.
