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Imagine returning to the office after your summer holiday to find a sealed envelope marked ‘Strictly Private & Confidential’ sitting on your desk. So, after splashing on the Factor 30 in sun lounger and before you reach for your Kindle, take a few moments to reflect on the key reasons why people buy businesses and how they might apply to your law firm. Just in case that envelope is there waiting for you.

Mergers have been announced across the country in recent days, with firms of all sizes and practice areas choosing to join forces. There is usually a rush of mergers each year timed to coincide with the 30 September deadline to secure professional indemnity insurance.

More mergers and acquisitions among mid-sized law firms are starting to happen, new research has indicated, on the day that well-known Manchester firm Linder Myers filed its intention to appoint administrators ahead of a possible sale or merger.

Professional indemnity insurers are starting to shape the UK legal sector as they exert their influence during law firm mergers and acquisitions, experts have warned. Their attitude towards a firm’s target is becoming a significant influence on who buys whom – and who doesn’t.

A leading merger broker has entered the legal market after joining forces with specialist advisory firm Invest in Law, Legal Futures can reveal. Langcliffe Merger Connect, which spun out of accountancy firm RSM Tenon last year, said it wanted to capitalise on the increasing M&A activity in the sector.