Law firms are healthier now than ever. The economy is seeing a rise in transactions this quarter and is only expected to get better. There has been at least a 78% increase over the past couple of months in mergers. It may be hard to believe but most of this success is coming from small law firms that are really pushing the business envelope.
“It looks like the law firm merger market is back,” Altman Weil principal Ward Bower said in a statement. “This is the fourth strong quarter in a row we’ve seen, and we’re aware of a lot of activity in the pipeline.”
Mergers are not the only headlines making the news regarding law firms. Several firms are working together to create more lawyer job positions that will help strengthen the market even more.
“Among the notable mergers announced during the third quarter:Edwards Angell Palmer & Dodge’s union with Wildman, Harrold, Allen & Dixon to create 650-lawyer Edwards Wildman Palmer in a deal that became official Saturday.”
The upcoming quarter is also looking rather robust in the eyes of the economy. McAfee & Taft is seeing an increase in 167 lawyers. The law firm has only been around since 2008 but is forever active on the merger market. This decision to expand was following the news of the “Oklahoma City–based Crowe & Dunlevy and Day, Edwards, Propester & Christensen to join forces and create a 140-lawyer firm that is one of McAfee & Taft’s largest Sooner State rivals.”
Law firm mergers are occurring all over the place in the Nation. A very large law firm that is heavily noted around the world is aiming to become even bigger. This firm is known as SNR Denton and has been heavily noted for other major mergers across the United States.
The United States is not the only country that is seeing an increase in law firm mergers. Many companies are connecting together to create a larger firm that is more powerful.
“Major British firm Ashurst—whose merger talks with Fried, Frank, Harris, Shriver & Jacobson were delayed and then scuttled eight years ago—announced late last month that it has struck a deal with leading Australian firm Blake Dawson
This is all great news in the world of legal matters. The legal world was hit hard in the economy since 2008 and lawyers are thrilled to see this major increase in mergers and business. If there was no business, then firms would not be as eager to create more jobs.
One last merger that has been hitting headlines deals with Clyde & Co which pulled off one of the biggest law firm mergers ever noted. This merger happened in the United Kingdom but is being heard in all four corners of the world.