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The last time Altman Weil's quarterly numbers were this bad, the legal industry was still dealing with the effects of the Great Recession.
July 01, 2020 at 03:59 PM
1 minute read
Reporter, Business of Law
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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