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Chasing Net Growth, Law Firms Look to 'Mergers of Magnitude'
"We're seeing a lot of interest in mergers of magnitude because laterals and [lateral] groups tend to rarely result in net growth, or net growth that is satisfying to the overall strategy," said law firm consultant Kristin Stark.
Smith Gambrell Merging With Freeborn & Peters to Create 400-Lawyer Firm
The combined firm's revenue would land it around No. 132 in the most recent Am Law 200 rankings.
November Cyberattack Hobbled Cadwalader for Weeks, Internal Emails Show
The firm declined to say whether client information was compromised.
Law Firms Are Suing Ex-Clients More Frequently, Unwilling to Leave 6-Figure Legal Fees on Table
Realization rates are trending upward. But as firms pay closer attention to their margins, so is fee litigation.
Competition and Talent Pressures Spark Run of Midsize Law Firm Mergers
The need to scale up to compete is driving more mergers among smaller and midsize firms. "It's getting to that point where you become a safe choice for the client, particularly if they're moving work from a larger firm," said consultant Lisa Smith.
Smith Gambrell Sees Revenue and Profit Spike, Combines With Chicago Firm
After a profitable 2021, the 240-attorney firm said it's launching in Chicago when it combines with an 11-lawyer firm.
Am Law 200 Firm Finds Fresh Use For AI: Attorneys' Budgeting
Thompson Hine has built AI tools to aid dealmakers and business litigators in the process of budgeting.
Midsize Law Firms Kick Off Expansion and Merger Deals in 2022
Overall law firm merger activity has slowed down during the pandemic, but several midsize or regional firms have expansion plans for 2022.
Smith Gambrell to Merge With Fellow Atlanta Firm Rogers & Hardin, Adding 25 Lawyers
The combination, which adds roughly 25 lawyers to Smith, Gambrell & Russell, comes two years after it merged with Mazursky Constantine, a firm that shared several clients with Rogers & Hardin.
Cause for Celebration: The 2021 American Lawyer Industry Awards Winners
The fourth annual event honored the industry's best and brightest, including the Attorney of the Year and Litigation Department of the Year.TRENDING STORIES
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