Last year broke records for law firm merger announcements and represented a “solid year of growth” for completed mergers, according to two legal industry consultancy firms tracking law firm tie-ups.
Altman Weil, which tracks law firm merger announcements, said Monday that 2019′s 115 combinations broke the record set by the U.S. legal industry in 2018, which saw 106 announcements. Fairfax Associates, meanwhile, said Thursday that firms completed 59 mergers in 2019, which is down from 2018′s 71 completed mergers but above the 10-year historical average.
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