The pace of law firm mergers picked up in the past three months though it still lags behind pre-pandemic numbers, according to legal consultancy Fairfax Associates.
Firms completed eight mergers in the quarter compared with six in the same period of 2020, Fairfax found. Those totals were both lower than the 16 completed in the same period of 2019.
“The on-going pandemic” slowed combinations, Fairfax said in a statement. “The number of mergers will return to a higher level in 2022 as firms seek to enhance depth and scale and increase market share.”
The pandemic has forced law firms to ...
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