Bloomberg Law
Jan. 6, 2016, 8:18 PM UTC

U.S. Law Firm Consolidation Accelerated in 2015

Jeff Day

The number of U.S. law firm combinations reached the highest point in nearly a decade as consolidation continued to sweep the legal industry, according to a report by consulting firm Altman Weil released on Wednesday.

Altman Weil principal Ward Bower said 91 mergers were announced in 2015, up from the 82 recorded in 2014 and more than any year since his firm started tracking combinations in 2007. Previously, the 88 mergers announced in 2013 was highest, Bower said. Industry consolidation helps firms to achieve growth in an otherwise challenging business environment, Bower said.

“Law firm mergers and acquisitions are a primary strategy to ...

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