(Photo: AdobeStock) Second 50 Law Firms Are Moving Up With Game-Changing Combinations
If you're outside the top 50, it's harder to grow through laterals without being dented by attrition of your own, industry analysts say.
September 10, 2024 at 04:19 PM
5 minute read
Law Firm Mergers
What You Need to Know
- Several Second 50 law firms are climbing the industry ladder with significant combinations.
- Ballard Spahr and Womble Bond announced mergers that will increase revenue by hundreds of millions. The merger of Troutman Pepper and Locke Lord will likely result in an Am Law 50 firm.
- The moves dovetail with a trend in which firms have 'never been more keenly interested' in adding scale.
Am Law 50 law firms are separating from the pack in revenue and demand. But several law firms in the Second 50 are gaining scale quickly through game-changing mergers, becoming more competitive with the top firms.
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