Home

Law Firm Mergers Increase 79%
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

merger

This year has seen a healthy increase in law firm mergers in the U.S., with statistics showing that mergers increased 79% from third quarter 2010. Research reflects that this increase is largely due to small law firms influencing the merger market.

With 14 acquisitions in the third quarter alone, the market is experiencing a comeback and legal consultant, Ward Bower of Altman Weil, Inc., states: “This is the fourth strong quarter in a row we’ve seen, and we’re aware of a lot of activity in the pipeline.”

  
What
Where


The third quarter mergers included: Edwards Angell Palmer & Dodge with Wildman, Harrold, Allen & Dixon; Ice Miller and Schottenstein Zox & Dunn; McKool Smith with Hennigan Dorman; and Jones, Walker, Waechter, Poitevent, Carrère & Denègre with Watkins Ludlam Winter & Stennis.

Regional growth also contributed to several firms’ motivating factors. With large firms seeking an increase in regional presence, it makes financial sense to merge with small, local firms. For example, Polsinell Shughart, a 466-lawyer firm based in Kansas City, MO., merged with Denver’s Hensley Kim, gaining 13 lawyers. While three of the major mergers seen in the third quarter were large firms, 11 were mergers with 35 or fewer lawyers.

With the start of the fourth quarter, mergers show no sign of decreasing. Today, Roetzel & Andress announced it has merged with Lewis, Overbeck & Furman, gaining a sought after entry into the Chicago market. The beginning of October saw Oklahoma City’s McAfee & Taft acquire Eldridge Cooper Steichen & Leach, gaining 15 lawyers.  Later this month, Baker & Daniels and Faegre & Benson are expected to announce an official merger, having confirmed in August they were engaging in merger talks. Baker & Daniels is an Indianapolis based firm with 280 lawyers and Faegre & Benson is based in Minneapolis and employs 446 lawyers.

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!!




The overseas legal merger market has also experienced an increase. Ashurst, one of Britain’s largest law firms, announced their intention to merge with Australia’s Blake Dawson by 2014. November is expected to see Britain’s largest law firm merger to date with Clyde & Co merging with Barlow Lyde & Gilbert.

Seeking more of an Asia-Pacific presence, Squire, Sanders & Dempsey merged with Minter Ellison ’s Perth office, a leading Australian firm, and became one of the few U.S. based firms to enter the Australian market.  Mallesons Stephen Jaques, another top contending Australian firm, and King & Wood, a prominent firm in China, could potentially vote on a partnership merger next month.



Altman Weil, Inc., is considered an authority in legal consulting, including mergers and acquisitions worldwide. The consulting company also boasts the Altman Weil Mergerline, which provides detailed tracking information for law firm mergers, including timelines and reports.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney

USA-WY-Laramie

Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now

RELEVANT JOBS

Legal Assistant / Paralegal

USA-FL-Tavares

Tavares boutique and growing law firm is looking for a full-time legal assistant / paralegal to work...

Apply now

Litigation Associate Attorney

USA-CA-San Francisco

Andrus Anderson LLP is a plaintiffs’ firm in San Francisco looking for a full-time associate w...

Apply now

Maine Litigation Attorney

USA-ME-Portland

Busy New England business law firm seeks Maine Litigation Attorney based in our Portland, Maine offi...

Apply now

Maine Foreclosure Attorney Operations Manager

USA-ME-Portland

Bendett & McHugh is looking for a strong Foreclosure Attorney Operations Manager for our Maine Forec...

Apply now

SEARCH IN ARCHIVE

To Top