Law Firms
More law firm mergers ahead in 2013? Record is already set
It’s a record year for law firm mergers.
The number has already hit 78, beating the previous record of 70 set in 2008, the Am Law Daily reports. And there could be more mergers before the end of the year, according to Ward Bower, a principal with legal consulting firm Altman Weil.
“I expect we’ll see quite a few more before the end of the year,” Bower tells the Am Law Daily.
The article notes there hasn’t been a significant tie-up of U.S. and U.K. law firms since the June launch of Norton Rose Fulbright. Tony Williams, who leads U.K.-based Jomati Consultants, tells the publication there has been a noticeable “slowdown in cross-border activity.”
Bower says any cross-Atlantic mergers that are in the works would take some time to complete.
