Bloomberg Law
July 1, 2020, 5:11 PMUpdated: July 1, 2020, 6:46 PM

Pandemic Pushes Law Firm Mergers to Near 10-Year Low (1)

Elizabeth Olson
Elizabeth Olson
Special Correspondent

Law firm mergers sank to a near 10-year low in the second quarter as the pace of deals all-but stalled as the sector grappled with the economic fallout from the coronavirus pandemic.

Only seven firm combinations were completed in the three-month period ending June 30, and all acquisitions were firms with 20 or fewer lawyers, Altman Weil MergerLine reports.

It was fewest number of deals recorded since the third quarter of 2010, when firms were reeling from the Great Recession. Only five firm combinations were logged as completed in that period.

“Uncertainty is the biggest stumbling block to deal-making right ...

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