Law firm mergers set a record in 2019, before the pace fell dramatically as the pandemic took hold. Now, mergers are again poised to hit the triple digits, according to a new report.
As noted by Reuters, an Altman Weil survey tracked 26 mergers in the first quarter of this year — short of the pace of 2019, which saw 115, but up substantially from last year’s 65. These include Winston & Strawn’s acquisition of Scheper Kim & Harris and Crowell & Moring’s pick-up of Kibbe & Orbe.
As Altman Weil’s Thomas Clay told the publication, “We wouldn’t be surprised to see law firm merger and acquisition totals back over 100 by year-end.”
Will law firm mergers break 100 this year? Q1 report says they’re on their way [Reuters]
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