It’s been good to see Nigel Haddon and Howard Hackney launch their new venture advising law firms on mergers and acquisitions this week as they have a lot to offer from their experience over the years.
Both can be relied upon to provide sound, candid and experienced advice to guide you along the right path, adding an objective view that will help partners make difficult decisions with confidence. That kind of input can very often be essential to get the the right deal done and then implement it effectively to tap into the new opportunities you see possible following on from any deal.
Where can we at Inpractice UK help you in these situations?
As you work your way through the negotiations, it can be difficult to also explore and plan the operational changes and improvements you need and want to implement once the deal has been done, to make the new venture successful, quickly; integrating and developing better use of technology, developing wider relationships with more clients, introducing best practice and streamlining processes as you bring new teams together.
Too often, the momentum is lost once the deal is done, without enough people engaged effectively in making these essential initiatives happen. That is where we can help, getting involved with you – perhaps working alongside the likes of Howard and Nigel – BEFORE the deal is done.
If you are considering a merger or acquisition of your practice, now is a good time to talk to Allan Carton here at Inpractice UK – free and in absolute confidence – about how to make sure you get all the pieces you need lined up to make the most of the new business once the deal has been done.
Don’t leave it too late or the inevitable delay in making things happen effectively can seriously damage your prospects of making the new business the success you have in mind. Then, once the deal has been done, we can help you make sure the right steps are taken quickly and effectively, with appropriate engagement of your people across the business.
For more information on our services to support you in implementing a merger or acquisition, call Allan Carton on 0161 929 8355 or email firstname.lastname@example.org
The news on this launch, courtesy of TheBusinessDesk
TWO experienced North West professionals have teamed up to launch a venture aimed at driving deal flow in the legal sector. Nigel Haddon, the former managing partner of regional law firm SAS Daniels, and former Grant Thornton partner Howard Hockney have set up Mosaic M&A which will provide advice to barristers’ chambers and senior management teams at medium-sized law firms planning mergers and acquisitions.
Amid a challenging funding environment and a consolidating and highly competitive sector, research from the Law Society indicates that one in three law firms expect to merge within the next three years.
Nigel Haddon spent nearly 20 years at SAS Daniels and was chief executive for eight years, during which time he oversaw several acquisitions including Richard Lee Solicitors (2007), Berry & Co (2011), and TWP Solicitors (2012). He said: “There is no doubt that the legal services sector has experienced seismic changes in recent years, notably following the Jackson reforms and Legal Services Act. It is a fragmented market, with over 10,000 firms, which is poised for further consolidation right across the spectrum. We also expect continued consolidation among barristers’ chambers as they bid to cut costs and respond to competition. “We are bringing something new to the market in M&A support for legal services. Combining my experience in the sector with Howard’s financial expertise, and our joint experience of mergers of professional firms both from the inside and as external advisers. Mosaic M&A will be there to help management teams navigate their way through what can often be the most challenging part of any managing partner’s career.”
Howard Hackney spent over 25 years as a partner at Grant Thornton. During his career, Hackney has advised on a number of notable transactions, most recently including Slater & Gordon’s acquisition of Manchester-based personal injury firm John Pickering and Partners. He said: “We are passionate about supporting businesses during periods of change, adding real value and helping solve the problems that keep managing partners awake at night. With more than half of transactions failing to meet their objectives, Mosaic M&A is committed to working with law firms from across the country to manage acquisition, merger and exit strategies and help to ensure success.
“Nigel and I will work on assignments personally and our experience in working with both small and large firms will be integral to understanding the needs of all parties and getting deals ‘over the line.”
The joint venture has been formed between the Nigel Haddon’s and Howard Hackney’s respective firms Nigel Haddon Consulting and Howard Hackney LLP.