Michael explains more ways that Chambers can really make a difference to a law firm including encouraging lateral hires, and M&A opportunities.
Identifying external counsel
For Michael, one of the key benefits of using Chambers is its ability to identify suitable co-counsel or local counsel, giving him confidence in the lawyer's stature and credibility. He uses Chambers to find talented, respected lawyers in a specific practice area or region.
Identifying lateral candidates and M&A opportunities
An additional benefit of leveraging Chambers data is its role in identifying lateral candidates and potential merger and acquisition (M&A) opportunities. Michael describes how one firm developed a strategic growth plan to merge two practices, centred entirely on desirable Chambers ranked lawyers. Insights can also be used for comparative purposes, allowing law firms to determine compatibility in M&A contexts.
