Alvarez & Marsal formed its Alvarez & Marsal Legal Services (AMLS) business, which will provide management and consulting services to law firms worldwide. The AMLS leadership team is comprised of senior leaders from major U.S. and UK law firms who bring sector, functional and operational expertise required to help law firms worldwide meet growth and profitability challenges.

“AMLS demonstrates A&M’s commitment and ability to meet evolving needs of specific industries,” Tony Alvarez II, CEO and co-founder of Alvarez & Marsal, said. “Combining strength in operational execution, with strategic growth advice and assistance in raising funds to finance growth, AMLS offers a unique approach to maximizing value for law firms.”

“Our mandate is to help law firms achieve enhanced services and lower costs through innovative technology platforms and different resourcing models,” Peter Sacripanti, an A&M managing director and the global head of AMLS, said. “The ongoing competition for talent and capital-intensive technology demands can create barriers to sustainable profitability and growth. Our integrated approach will help take law firms’ operational excellence for profitability to another level.”