The law firm merger market didn't rebound in the third quarter of 2009, but it showed some signs of life after a sluggish second quarter. Thirteen U.S. firms announced mergers between the start of July and the end of September, according to Altman Weil's MergerLine report. That's up from just seven in the second quarter, but down from the 25 announced in the first quarter of the year. However, according to Hildebrandt International's MergerWatch report, only seven mergers were actually completed in the third quarter.
New Report Shows Signs of Life in Law Firm Merger Market
The National Law Journal
October 2, 2009