Law firm mergers have remained consistent with previous years, driven by factors such as the rise of artificial intelligence, aging leadership, and client demand. Midsize firms are particularly considering mergers. Despite a quiet outlook for new large firm mergers, the pace of completed mergers has picked up slightly in the first half of 2024. Data from Fairfax Associates shows that 29 law firm mergers were completed in the first half of 2024, higher than the 28 deals tracked in the same period in 2023 and up from 25 in both 2022 and 2021. Combinations are expected to increase into 2025.
There were 29 law firm mergers finalized in the first half of the year, according to data released by Fairfax Associates. That's higher than the 28 deals the firm tracked in the first half of 2023, and up from 25 in that period in both 2022 and 2021 https://t.co/Gx8X6EBvTK https://t.co/npYUSwIjz2
There were 29 law firm mergers completed in the first half of 2024, according to data released by legal consultancy Fairfax Associates. That's higher than the 28 deals the firm tracked in the first half of 2023. Subscribe to The Daily Docket: https://t.co/a5WtPMICwN https://t.co/eGkQnmpWNj
The outlook for new law firm mergers involving large firms has quieted so far this year, even as the pace of completed mergers picked up slightly in the first half of 2024 @SaraMerken https://t.co/W6kMBYUX7A https://t.co/QsPTXDt9zO
Few big law firm combinations loom as merger pace picks up https://t.co/PfcAd1H7Wo https://t.co/3BAlYZIjqN
The outlook for new law firm mergers involving large firms has quieted so far this year, even as the pace of completed mergers picked up slightly in the first half of 2024 https://t.co/zQjhc1Thi7 https://t.co/x36DJaEN3m
After Law Firm Merger Activity Rose Again, Combinations Expected to Increase into 2025 https://t.co/V3zxyI66oz
Thus far in 2024, law firm mergers have been in keeping with prior years, with leaders at midsize firms considering mergers driven by a number of factors including the rise of artificial intelligence, aging firm leadership and effort to meet client demand. https://t.co/ubaGchCtst
The number of M&A deals signed globally in the second quarter of 2024 fell 21%, compared with that period a year ago, while deal volumes grew 3.7%, according to data from Dealogic. Subscribe to The Daily Docket: https://t.co/s1z0JFiNQe https://t.co/6yKCAa9pf7
"While overall M&A deal volumes are up around 14% at the midway point of 2024, they still lag the 10-year average for a first half by more than $300 billion." @Swetha_Gopinath @DNair5 https://t.co/DBySIG3Z7K