Law firm mergers may quadruple by the end of the year after cratering in 2020 when offices struggled to cope with the coronavirus pandemic, an Altman Weil report released Tuesday found.
Law combinations began a rebound in the first quarter of 2021 with 26 transactions, putting deals on a pace to shatter the total of 65 in all of last year. Acquiring firms on average had 908 lawyers compared with 14 in those being acquired, according to Altman Weil.
“We wouldn’t be surprised to see law firm merger and acquisition totals back over 100 by year end,” said Thomas Clay, ...
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