Nearly nine out of 10 midsized Los Angeles law firms were approached in the past year by another firm looking to merge, according to a survey by legal consultancy the Zeughauser Group. Almost half of those firms are open to the possibility of a future tie-up.
Of the roughly 20 firms with head counts between 20 and 200 lawyers that responded to the survey, 42 percent said they would consider combining with another firm in the next three to five years. The results show that Los Angeles is a market that many large firms are looking to enter, said Kent Zimmermann, a Zeughauser Group consultant in Chicago.
