No matter how you slice it, the COVID-19 pandemic has ruined the legal industry’s voracious appetite for mergers and combinations.

Only seven law firm mergers and combinations were announced in the second quarter of 2020, according to a new report from Altman Weil. The last time the number has been that low in any given quarter was in 2010, when law firms were still feeling the effects of the Great Recession. In Q3 2010, Altman Weil tracked only five mergers.

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