Law Firms Win When Shareholders Go to War With Their Companies

July 15, 2025, 6:25 PM UTC

Activist shareholders can make things difficult for the companies they target. But they represent a significant source of revenue for the law firms that represent those companies—and their shareholders.

Listen here and subscribe to On The Merits on Apple Podcasts, Spotify, Megaphone, or Audible.

Bloomberg Law reporters Drew Hutchinson and Andrew Ramonas recently dug through the data on which firms did the most work on shareholder fights in the first half of this year. And Hutchinson talks about what they learned on this episode of our podcast, On The Merits.

She said this spring’s stock market dip is likely contributing to more activity in this space because it allowed activist investors to purchase more of their target companies at discounted prices.

Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.


To contact the reporter on this story: David Schultz in Washington at dschultz@bloomberglaw.com

To contact the editor responsible for this story: Jeff Harrington at jharrington@bloombergindustry.com

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.