Regional Law Firms Seize on Second-Tier Markets for Growth (1)

Oct. 7, 2024, 9:00 AM UTCUpdated: Oct. 7, 2024, 3:57 PM UTC

Regional law firms seeking growth through mergers prefer middle markets rather than top legal centers, data from combinations show.

About 60% of law firm mergers that went into effect in the first three quarters of 2024 involved regional firms expanding in secondary markets such as Denver, Las Vegas, and Seattle, a Bloomberg Law analysis of Fairfax Associates data shows. Three of four mergers announced in the third quarter for 2025 fit the trend, including Womble Bond Dickinson’s acquisition of Lewis Roca in Phoenix.

“We are looking for opportunities to grow, but we’re not going to take up multiple floors in ...

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