The Rainmaking Podcast

← The Rainmaking Podcast8 oct · 31 min

TRP 348: After a Merger: How to Build Trust and Collaboration with Dr. Heidi Gardner

TRP 348: After a Merger: How to Build Trust and Collaboration with Dr. Heidi Gardner8 oct31 min

Every two weeks, the business development tactics top lawyers use are free at therainmakingmagazine.com

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Most law firm mergers fail to deliver on their promise. Not because the financials were wrong — but because nobody did the cultural due diligence.

Dr. Heidi Gardner is a Distinguished Fellow at Harvard Law School, former Harvard Business School professor, McKinsey consultant, and author of two best-selling books — Smart Collaboration and Smarter Collaboration — both published by Harvard Business Press. She leads Gardner & Co., a research and advisory firm that helps professional services leaders turn collaboration into client growth. In this episode, Dr. Gardner joins Scott Love to break down exactly why post-merger trust and collaboration fail — and what leaders must do differently before, during, and after a combination.

What you'll learn:

Why mergers fail more often than not — and what "working" actually means from a client's perspective

The cultural due diligence most firms skip entirely — and the data you should be asking to see before signing

The two flavors of trust that are both essential for collaboration: competence trust and character trust

Why homophily — the instinct to affiliate with your own tribe — is the silent killer of post-merger integration

How to use data to identify collaboration leaders vs. islands — before and after a merger

Why "not every dollar is a good dollar" — and what a sticky, strategic dollar actually looks like

The difference between leading and lagging indicators of merger success — and which ones to track quarterly