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.



 

RELEVANT JOBS

Attorney/Litigation - Reno, NV

USA-NV-Reno

The Reno, NV office of Blanchard, Krasner & French seeks associate attorney with a minimum of 5+ yea...

Apply now

Attorney / Transactional - Reno, NV

USA-NV-Reno

The Reno, NV office of Blanchard, Krasner & French seeks associate attorney with a minimum of 5+ yea...

Apply now

Business Manager for Top Law Schools- Remote Position

USA-UT-Ephraim

We are looking for a dynamic, committed, hard-working recent law school graduate who wants to gain b...

Apply now

Business Manager for Top Law Schools - Remote Position

USA-NV-Las Vegas

We are looking for a dynamic, committed, hard-working recent law graduate who wants to gain broad-ba...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Corporate/Transactional Attorney

USA-IA-Des Moines

Des Moines office of a BCG Attorney Search Top Ranked Law Firm seeks corporate/transactional attorne...

Apply Now

Corporate Attorney / Counsel

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks corporate attorney with 5+ y...

Apply Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top