Free Market Evaluation - Send us your resume and we will give you free feedback
The Top 10 Law Schools by Number of Applications
The Top 10 Law Schools by Number of Applications
States Deciding Whether Business May Refuse Services to Gay Couples
States Deciding Whether Business May Refuse Services to Gay Couples
Louisiana Supreme Court Orders Oldest Judge Off Bench
Louisiana Supreme Court Orders Oldest Judge Off Bench
Uncovering the Motive in Murders of Chris Kyle and Chad Littlefield
Uncovering the Motive in Murders of Chris Kyle and Chad Littlefield
Legal Job Listings
Download PDF

More Mergers Expected After Slow ’09 View Count: 15

Law firm mergers are expected to rise in 2010 after falling by 24 percent in 2009.

There were 53 mergers last year that involved law firms with 20 or fewer employees, according to a report by Altman Weil MergerLine. The report said law firms’ “cautious approach” in 2009 came as a direct result of the ailing economy.

“Most firms spent 2009 focused on internal issues of cost cutting, layoffs, and compensation adjustments in response to the Great Recession,” Altman Weil consultant Ward Bower said in a statement. “We expect to see an uptick in 2010 as deals currently on hold pending 2009 year-end results are finalized.”

London-based Lovells LLP and Washington-based Hogan & Harston LLP provided the biggest merger of 2009 with regards to number of lawyers involved. The two organizations have a combined 2,532 lawyers, according to the study. The firms’ partners voted to approve the merger last month. The new firm will be known as Hogan Lovells starting May 1.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




More Mergers Expected After Slow '09 by

Tagged: , , , , ,

Posted by on January 6, 2010. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
LEGAL - Administration Manager
USA-AZ-Scottsdale
Accountability Matters. It’s not a slogan. It’s a philosophy. Live it. Join our team! We are a Law Firm of passionate, talented, and experienced attorneys and staff.  We ...


Apply now

Related Posts: