The latest quarterly report from legal consultancy Altman Weil shows 19 law firm mergers announced in the U.S. during this year’s third quarter, bringing the total number of tie-ups during the first nine months of 2013 to 58—a 41 percent jump over the same period last year.
When Altman Weil released its second-quarter report in July, the legal industry was on its way to surpassing the record 70 mergers reached in 2008 amid the onset of the global financial crisis. Heading into this year’s fourth quarter, the industry is still poised to break that record.
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