Video:

Restructuring and merging to survive

Author: Giles Murphy, James Kirk (yBC.tv)

Categories: Business Strategy, Mergers, Restructuring & Recovery
Tags: firms, mergers
Restructuring by merging is now an accepted survival strategy in the financial industry marketplace, as Giles Murphy discusses in this TV show.

Restructuring firms across industry

I think there's an acceptance in the marketplace that there is an oversupply of particularly lawyers, but also all professional advisors to a market that at best is flat, in some areas may well be contracting, and therefore there’s simply a question of surviving the next few years. While we might be entering a more benign economic environment, clearly there are still some firms that are struggling, and one of the only options they will have is to find a larger party with which to merge to give them some sort of strength to actually really stand a chance of surviving over the next few years.

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