Law Firm Merger Mania: Q1 Marks Period of Supercharged Growth

U.S. law firm merger activity occurred at a torrid pace in the first quarter, as both the number of tie-ups, and the size of the newly combined firms, soared to unprecedented levels, according to a report released on Monday.

There were 29 law firm mergers announced in the United States in Q1, according to the report, compiled by Altman Weil, a legal consulting firm. That’s more deals than in any first quarter since Altman Weil started tracking this data in 2007.

Ward Bower, an Altman Weil consultant, said the wave of consolidation among U.S. firms over the past decade has created ideal opportunities for tie ups with foreign firms that ...