ABA Journal

Mergers & Acquisitions

504 ABA Journal Mergers & Acquisitions articles.

Weekly Briefs: ABA supports marriage equality law; Stanford offers new model for legal ed loans

ABA president calls on Senate to support Respect for Marriage Act

ABA President Deborah Enix-Ross is calling on members of the U.S. Senate to vote for the Respect for Marriage…

Cravath is entitled to nearly $75M as a contingency fee in failed-merger litigation, judge rules

A Delaware judge has ruled that Cravath, Swaine & Moore is entitled to a $74.8 million shifted contingency fee in a lawsuit for damages following a failed merger.

Law firm profitability continues to decline as M&A work slows, Thomson Reuters report says

Waning demand for legal services and a rebound in expenses are contributing to a continued decline in law firm profitability in 2022, according to the Thomson Reuters Law Firm Financial Index.

Law-firm recruiting slows as deal work falls

A slowdown in corporate deals is affecting law firm hiring and giving overworked lawyers a breather.

Corporate legal departments spend more in-house than on outside law firms, survey finds

Corporate legal departments are spending 54% of their budgets in-house, outpacing their spending on outside counsel, according to a survey released last week by the Association of Corporate Counsel and legal recruiting firm Major, Lindsey & Africa.

2 law firms add dozens of lawyers through mergers with smaller firms

Two larger law firms have announced mergers with smaller firms that add dozens of lawyers and expand their footprints.

Stroock is in a ‘precarious position’ after loss of bankruptcy group; is a merger needed?

Stroock & Stroock & Lavan is in a “precarious position” following the loss of one of its two crown jewels—its bankruptcy and restructuring group—to Paul Hastings this spring, according to an analysis by Law.com.

MyCase acquires immigration legal tech software Docketwise

MyCase, a practice management software company, announced Monday that it had acquired the immigration software Docketwise and integrated the platform into its cloud-based software.

Law firm profitability ‘dropped markedly’ in first quarter amid 12% hike in associate compensation

Law firm profitability decreased in the first quarter of the year, as direct expenses increased 13.1% and overhead increased 9.9% from the same period last year, according to the Thomson Reuters Law Firm Financial Index.

Consumer site Law School Transparency will join Law School Admission Council’s LawHub

Law School Transparency, an organization founded more than a decade ago by new lawyers who were frustrated by the lack of public data on matters, including employment outcomes and student loan debt, is being acquired by the Law School Admission Council, the organization announced Wednesday.

Nelson Mullins adds 52 lawyers from midsize firm, expands product liability practice

Nelson Mullins Riley & Scarborough is adding 52 lawyers from a midsize firm and launching four new offices.

2 law firms announce separate mergers effective Jan. 1

Verrill Dana and Smith Gambrell Russell have announced separate mergers with smaller firms that are effective Jan. 1.

Top 5 legal technology news stories of 2021

In many ways, 2021 felt like the year that would never end. The pandemic dragged on, and new variants popped up like whack-a-moles. The resulting instability resulted in an increased reliance on remote working software, as lawyers put into place technology that provided the flexibility that their firms needed to transition to a dispersed workforce should the need arise.

Some BigLaw firms are offering jobs to experienced associates without conducting interviews

Several major law firms in the United States and Europe are offering jobs to associates without interviewing them, according to a story by Law.com.

2 law firms announce merger that will bring them into the Am Law 100

Arent Fox and Schiff Hardin announced Wednesday that they will merge March 1, creating a law firm with more than 600 lawyers and policy professionals.

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