Jan 30, 2023
At a time when it is much more difficult for SME law firms to
grow organically, ensuring that a business can continue to thrive
is more important than ever. Having a successful plan in place for
firm acquisitions is one critical avenue that firm owners can
take.
On this episode of The Boutique Lawyer Show, host Jerome Doraisamy
welcomes back Justice Family Lawyers principal Hayder Shkara to
discuss his firm’s performance during the age of coronavirus, how
and why he had been on the lookout for an opportunity to acquire
another practice to complement his first, how the chance to acquire
Melbourne Family Lawyers in mid-2022 came about, and the practical
steps he undertook to ensure — both personally and professionally —
that it was the right move for him to make.
Mr Shkara also details the boxes he felt needed to be ticked to
move forward on such an acquisition, when it can be advantageous to
acquire another practice rather than start a new office from
scratch in another city, why acquisitions are never black and
white, how to look after one’s self during the process, the need to
be open to acquisitions as part of the firm’s growth strategy, and
why it is so hard for firms to grow organically right now.
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