Law firms are merging at the highest rate since the Great Recession, but consultants say there are checks within the legal industry that will prevent consolidation on the scale of other professional service industries.
July 21, 2015 at 05:19 PM
1 minute read
The original version of this story was published on The American Lawyer
Since the start of the year, when Dentons announced plans to merge with the Chinese firm Dacheng to form a 6,600-lawyer colossus, hardly a week has gone by without at least one announcement of a law firm combination.
During the first half of 2015, Altman Weil counted 48 combinations between legal shops, the highest half-year total since the Newtown Square, Pennsylvania-based consultancy began collecting such data in 2008.
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