Press Archive

Paul E. Clifford quoted on law firm “merger mania” in Boston Business Journal

Merger mania expected to reshape legal landscape” February 24 Boston Business Journal article, quoted Paul E. Clifford on the prospects for law firm mergers in 2012.

From the article:

“At least one local watcher is skeptical that there will be a huge uptick in mergers, which tend to be expensive, as law firms are still getting on their feet financially post-recession. ‘I think firms are still putting themselves together after the recession,’ said Paul Clifford, principal at law Practice Consultants LLC. ‘There’s been some solid performances (in terms of revenue) but many haven’t hit the ball out of the park. Mergers are costly both in terms of time and money.’”

Paul E. Clifford quoted on Boston law firms 2011 economic results in Boston Business Journal

Profits per partner grow modestly at local firms” February 10 Boston Business Journal article, quoted Paul E. Clifford on the 2011 economic results at Boston area law firms.

From the article:

“I’d characterize 2011 as a mixed year,” said Paul Clifford, a principal at Law Practice Consultants LLC in Boston. ‘Some firms have had solid years and some are just treading water because there hasn’t been a surge in demand. It depends on the practice mix.’”

Paul E. Clifford quoted on economic pressures in the legal industry in Boston Business Journal

Burnout among lawyers at fever pitch” February 11 Boston Business Journal article, quoted Paul E. Clifford on changes in the legal industry leading to higher stress levels among lawyers.

From the article:

“Indeed, Paul Clifford, a principal at Law Practice Consultants LLC in Boston, says the report’s findings are quite accurate and that most big-firm lawyers across the country are grappling with this new reality.

‘Law firms nationwide are under tremendous pressure to figure out ways to deliver value to the client,’ said Clifford.”

Paul E. Clifford quoted on Jones Day’s work-intensive task of building a Boston office from the ground up in Boston Business Journal

Jones Day attorney building from ground up” December 10 Boston Business Journal article, quoted Paul E. Clifford on the work-intensive task of Jones Day’s building a Boston office from the ground up — and in an already crowded legal market.

From the article:

“’Jones Day’s client ties to Boston will go a long way in helping the firm establish a significant presence in Boston,” said Paul Clifford, a principal at Law Practice Consultants LLC.

“’They have significant contacts here in Boston,” said Clifford. “Boston is no longer a parochial town, but it’s still the kind of place that, without roots, it’s tough to swoop in and have an impact.”’

Peter A. Johnson quoted on law firm mergers in Boston Business Journal

“Mergers ahead” November 19 Boston Business Journal article, quoted Peter A. Johnson on the potential rebound of law firm mergers.

From the article:

“’Ultimately, it is the client that drives all this activity,’ said Peter A. Johnson, a principal of Law Practice Consultants LLC in Newton. ‘It’s the client’s lens and view that matters in the end.’”

“’We’ve seen it pick up in terms of interest, though maybe not results, yet,’ Johnson said. ‘There are a number of smaller niche firms that are looking to combine to be able to provide diversified platforms to their clients.’”

“’Firms that have been more severely exposed to the economic decline, such as those focused on real estate or development, may seek strategic partners to help smooth out future ups and downs,’ Johnson added.”