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Firm fit, Meyer noted, is critical. “Do we like these people?” Each firms also needs to find out whether any litigation is pending against the other, even if it requires going to the other firm’s insurer, she said. “Stick your nose in” if you are general counsel for your firm, she counseled, “because at the end of the day you are the one who’s going to have to clean it up,” and “tell your insurers right away” that your firm is considering a merger. “It takes a while to figure out how to handle the insurance issues, and you want to do it correctly.”

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