Big Law threw a boutique bash to kick off 2023, with a host of large law firms absorbing boutiques across the country. Second Hundred firms were particularly active in adding boutique lawyers to their roster. And merger discussions and interest generally perked up as the year went along. Will the pace continue in 2024?

Legal industry observers say laterals and promotions will likely be the main way firms try to grow next year. But even assuming a down market—or perhaps because of it—the pace of law firm merger activity may continue next year, particularly among smaller and regional firms.