Legal News

Law Firm Mergers & Acquisitions on Record Pace
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Mergers & Acquisitions

Summary: More law firms have been merging or acquiring other law firms, usually on a smaller scale although this year has seen some of the biggest mergers.

In the first six months, there have been 48 announced law firm mergers and acquisitions in the United States, 19 of which were in the second quarter. This half year number is the highest in the nine years that the legal consulting firm out of Pennsylvania, Altman Weil Inc. has been keeping track.

  
What
Where


Of the 19 second quarter deals, 15 of them were acquisitions of law firms with less than 20 lawyers. The regions of the deals were spread out over the country. The driving force for most mergers and acquisitions is increasing profit growth, not headcount.

The first event of the year occurred on January 2nd when two Northeast Ohio firms merged. Day Ketterer in Canton merged with Andrews & Wyatt in Hudson. Day Ketterer had 42 attorneys and Andrews & Wyatt had five attorneys when they merged.

The largest merger has been between the global law firm Dentons and McKenna Long & Aldridge in Atlanta. Their merger was finalized on July 1st. By the time the law firms merged, McKenna Long was slightly over 300 lawyers since 100 had left since the announcement of the merger in April.

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!!




Another large merger that has not been finalized is between Dentons and Dacheng, a Chinese law firm. Once the merger is complete, Dentons will have over 6,000 lawyers, making them the largest global firm.

Source: http://www.crainscleveland.com/article/20150706/NEWS/150709893/2015-is-on-record-pace-for-law-firm-mergers-acquisitions



Photo: article.wn.com



 

RELEVANT JOBS

National Firm seeks seasoned Corporate M&A partner in Austin with Big Law experience

USA-TX-Austin

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

National Firm seeks seasoned Corporate M&A partner in Houston with Big Law experience

USA-TX-Houston

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

National Firm seeks seasoned Corporate M&A partner in Dallas with Big Law experience

USA-TX-Dallas

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

Trusts and Estates Paralegal

USA-PA-Philadelphia

We are looking for a paralegal with a 4-year degree and paralegal certificate, or equivalent experie...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior Litigation Associate Attorney

USA-CA-Beverly Hills

Beverly Hills office of our client seeks junior associate attorney with 1-2 years of experience in l...

Apply Now

Immigration Attorney

USA-CA-Oakland

Oakland office of our client seeks immigration attorney with 3-5 years of experience. The candidate ...

Apply Now

Litigation Associate Attorney

USA-TX-Fort Worth

Fort Worth office of our client seeks litigation associate attorney with 3-6 years of experience. Th...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top