Reuters Legal’s Post

💡 The pace of law firm mergers accelerated in early 2024, with a 25 percent increase compared to the same period in 2023, according to Fairfax Associates. In the first quarter of 2024, there were 20 completed mergers, up from 16 in early 2023. This trend is expected to continue throughout the year, with many firms aiming for a January 1 effective date. Lisa Smith of Fairfax Associates noted that this surge in activity reflects a three-year upward trajectory following a dip during the COVID-19 pandemic. Most mergers involve firms with 5 to 20 lawyers on at least one side, as smaller firms recognize the challenges of competing at a smaller scale. Additionally, firms see the benefits of growth in terms of technology and artificial intelligence investments· Notable mergers include the creation of 275 lawyers UB Greensfelder from the merger of midwest law firms Ulmer & Berne and Greensfelder, Hemker & Gale. Fennemore Craig was the most active firm, completing three deals and announcing a fourth, adding approximately 50 lawyers from Moye White. Allen & Overy and Shearman & Sterling are set to merge, creating a firm with over 3900 lawyers. Bryan Cave Leighton Paisner also combined with 12 lawyers Seattle litigation firm Harrigan Leyh Farmer & Thomsen. 📖 Read more: https://ow.ly/kT0350R9cJa

D3 | law firm mergers - Q1 '24. #legalnews #legalindustry #legalprofession #lawfirms #mergersacquisitions #Q12024 #d3search

D3 | law firm merger activity '24. #legalnews #legalprofession #legalindustry #lawfirms #mergersandacquisitions #d3search

In a dynamic legal landscape, UK law firms are rapidly adapting to new challenges and opportunities. A recent article by City A.M. reveals that law firm mergers in the UK have seen a significant increase of 23% in the past year. This trend underscores the industry's shift towards consolidation as a strategy to harness greater market share and resources. Dive into the insights below: #UKLaw #LawFirmMergers #LegalTrends #MarketConsolidation #LegalInsights" https://lnkd.in/eUJqwCr7

In a dynamic legal landscape, UK law firms are rapidly adapting to new challenges and opportunities. A recent article by City A.M. reveals that law firm mergers in the UK have seen a significant increase of 23% in the past year. This trend underscores the industry's shift towards consolidation as a strategy to harness greater market share and resources. Dive into the insights below: #UKLaw #LawFirmMergers #LegalTrends #MarketConsolidation #LegalInsights" https://lnkd.in/eVd2c9HS

In a dynamic legal landscape, UK law firms are rapidly adapting to new challenges and opportunities. A recent article by City A.M. reveals that law firm mergers in the UK have seen a significant increase of 23% in the past year. This trend underscores the industry's shift towards consolidation as a strategy to harness greater market share and resources. Dive into the insights below: #UKLaw #LawFirmMergers #LegalTrends #MarketConsolidation #LegalInsights" https://lnkd.in/eVd2c9HS

Interesting read on the rise of law firm mergers shared by The Law Society Gazette. Based on my own experience having spoken with a lot of boutique firms over the last year, many firms seem to be more active recently in searching for a new platform to join for multiple reasons, such as succession planning and in order to remain competitive within the market. I think we can expect to see a significant consolidation in the legal market over the next few years, similar to that of the accounting industry. Check out the article to learn more. #lawfirms #mergers #legalindustry

In a dynamic legal landscape, UK law firms are rapidly adapting to new challenges and opportunities. A recent article by City A.M. reveals that law firm mergers in the UK have seen a significant increase of 23% in the past year. This trend underscores the industry's shift towards consolidation as a strategy to harness greater market share and resources. Dive into the insights below: #UKLaw #LawFirmMergers #LegalTrends #MarketConsolidation #LegalInsights" https://lnkd.in/eVd2c9HS

In a dynamic legal landscape, UK law firms are rapidly adapting to new challenges and opportunities. A recent article by City A.M. reveals that law firm mergers in the UK have seen a significant increase of 23% in the past year. This trend underscores the industry's shift towards consolidation as a strategy to harness greater market share and resources. Dive into the insights below: #UKLaw #LawFirmMergers #LegalTrends #MarketConsolidation #LegalInsights" https://lnkd.in/eVd2c9HS

The merger between Allen & Overy and Shearman & Sterling, slated for early May, has been generating considerable buzz. Interestingly, recent data suggests a notable increase in law firm mergers during the first three months of 2024 compared to the same period in 2023, indicating a growing trend in the industry, perhaps?? #legalindustry #lawfirmmergers #puresearch https://lnkd.in/eycz4e2S