In the Media
Merging Law Firms Face Challenge of Creating New Identity
Read Time: 1 minMcGlinchey’s Managing Member, Michael Ferachi, was interviewed by Bloomberg Law in an article “Merging Law Firms Face Challenge of Creating New Identity,” published on October 1, 2024. Michael discusses his unique perspective on law firm growth.
Michael Ferachi, managing member of New Orleans-founded McGlinchey Stafford, said staying small comes with the cost of limitations in client representation and lack of Big Law’s geographic reach or practice area mix.
While he’ll never turn down an inquiry from an interested acquirer, Ferachi said he’s more interested in growing through lateral hiring and group acquisition.
“We like what we’ve built in the 50 years we’ve been in existence,” Ferachi said. “I don’t want to lose that by being acquired. The opportunity may come along, but we’d rather take what we have in the last 50 years and grow it in a different manner than being acquired.”