The Conscious Podcast - Season 1 - Episode 6 - Mergers and Acquisitions for Law Firms, with David Sparkes from Millbourn Ross

David Sparkes is the founder of Millbourn Ross, a sector specialist M&A broker for law firms and legal technology companies. Some of you may know David from a former life as founder of Burlington Media Group, which operates three well-known communities in the legal sector. Since exiting in 2020, David has focused on supporting business leaders with their growth and exit strategies. In this episode of the Conscious Podcast, Managing Director David Gilroy discusses the current M&A market for law firms in 2024, how to prepare for an M&A and all you need to know about run-off cover, will banks and more. Skip to the bit you want: 00:00-03:21: An introduction to David Sparkes and Millbourn Ross. 03:22-6:13: The current landscape and direction of law firms in 2024. 6:14-9:12: Who do you think will be the next big law firm? 9:12-10:54: What do you like about working in the legal sector? 10:55-14:29: What are five things law firms can do to prepare for an M&A? 14:30-18:19: How are M&S being funded? 18:19-23:57: What do you need to understand about run-off cover? 23:57-27:42: The challenges for law firms in the M&A market. 27:43-31:00: Some final top tips and advice for M&As in 2024. 31:00-End: What is your opinion on Axiom Ince? If you have any questions about this episode, please get in touch with Maddie at [email protected].