Law Firm Mergers in Philadelphia Region and the Country Keep Pace with Recent Years
Altman Weil, a legal consulting firm in Newtown Square, released data from a survey on Monday that said 60 mergers…
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Law Firm Mergers Involving Cross-Border Firms on the Rise
It has been reported recently that experts have witnessed a growing trend in which more law firms are attempting mergers…
Three Law Firm Mergers Announced Monday
On Monday, three law firms made announcements regarding acquisitions. Carlton Fields, a firm from Florida, announced that it was acquiring…
Law Firm Mergers Decrease in 2nd Quarter
Over the past three months, the number of United States law firm mergers and acquisitions decreased, according to surveys conducted…
Law Firm Mergers Continue
Law firms are continuing to merge in Ohio in 2011 and it appears that mergers will continue to happen throughout…
Law Firm Mergers at an All Time High
In just eight short months, law firm mergers have increased by 79 percent which means that law firm mergers are at an all time high. It is believed that the downward spiral of the economy may be the partial reason as to why the mergers have increased so drastically. The United States is currently dealing with one of the most devastating recessions of all time. In fact, most people and companies compare the current recession to The Great Depression which began in 1929. While law firms have merged together for years as a strategic move, many law firms are now merging with other law firms to works as one company instead of several individual companies as a means of survival during such a rough economy. A merger is typically designed to combine one or more companies together. When the two companies come together to merge, they must make a mutual agreement about the merge with one another. Because the economy has not improved over a period of time, many of the law firms in the United States have felt that it would be beneficial to merge together with other separate law firms as one. The principal of Altman Weil, Ward Bower, has said, "During the recession and in the immediate aftermath of the recession, firms were in what I'm going to call a 'survival mode,' not a strategy mode.” Some law firms use a merge as a means of strategy but because of the recession, it is likely that most firms are using it as a means of survival. He also said, "Now that the economy has grown, they're dusting off their strategies." Since there has not been much change to the economy from 2010 to 2011, law firms are still doing what they can to continue to thrive and be successful. In Pennsylvania alone, six mergers have taken place from the months of January to September.…
Law Firm Mergers Increase 79%
This year has seen a healthy increase in law firm mergers in the U.S., with statistics showing that mergers increased…
US Law Firm Mergers On The Rise
According to leading legal industry consultants Hildebrandt Baker Robbins, the third quarter of 2010 has been a steadily active time…
Law Firm Mergers Ramp Up in Second Quarter
Law firm merger activity picked up during the second quarter of 2010, with a total of ten completed mergers involving…
Altman Weil Foresees Increase in Law Firm Mergers
While law firm mergers continued at a below-average pace in the first quarter of 2010, a principal at Altman Weil…
More on Law Firm Mergers
Yesterday we reported that law firm mergers were down 24% last year. That's according to a report from Altman Weil.…
Law Firm Mergers are up in Third Quarter
According to a new report from Altman Weil 13 US law firms announced mergers in the third quarter. Although still…