2015 Busiest Year Yet for Law Firm Mergers
Summary: This year may see the highest number of mergers and acquisitions in law firm history. Watch out, boutique associates. You may…
mergers and acquisitions
Top Firms in UK Losing Market Share to US Firms
Summary: The expansion of American firms in London has hurt native law firms, research shows. Financial Times reports that elite…
Second Employee of Wilson Sonsini Caught For Illegal Trading
Summary: Another employee for Wilson Sonsini has been charged with illegal trading. He used the firm’s computer system to find…
How Big Will Dentons Become?
Summary: Dentons ’ strategy may have them at 10,000 lawyers in the near future. How does every sci fi B-movie…
Law Firms Saw Improved 2014 Compared to Previous Year
Summary: A new report from Citi Private Bank shows that law firms across the country enjoyed a stronger 2014 compared to…
Research Proves That Class Action Law Firms are Worth Hiring
Summary: A new study from a trio of professors has found that hiring major class action law firms to fight merger…
Greenberg Traurig Takes on Daniel Serota as they Continue to Swell in Power and Reach
Greenberg Traurig is expanding its M&A practice, which has already taken on Dennis J. Block, Gabriel Monon-Cortarelli, and Margaret Isa…
Skadden Arps Tops as Merger Advisor in 2012
According to annual data compiled and published by Thomson Reuters, New York-based Skadden, Arps, Slate, Meagher & Flom advised on…
Bryan Cave Establishes Office in Frankfurt, Germany
International law firm Bryan Cave LLP announced it has established an office in Frankfurt, Germany. Prominent attorneys Dr. Tobias Fenck…
Law Firm Mergers at an All Time High
In just eight short months, law firm mergers have increased by 79 percent which means that law firm mergers are at an all time high. It is believed that the downward spiral of the economy may be the partial reason as to why the mergers have increased so drastically. The United States is currently dealing with one of the most devastating recessions of all time. In fact, most people and companies compare the current recession to The Great Depression which began in 1929. While law firms have merged together for years as a strategic move, many law firms are now merging with other law firms to works as one company instead of several individual companies as a means of survival during such a rough economy. A merger is typically designed to combine one or more companies together. When the two companies come together to merge, they must make a mutual agreement about the merge with one another. Because the economy has not improved over a period of time, many of the law firms in the United States have felt that it would be beneficial to merge together with other separate law firms as one. The principal of Altman Weil, Ward Bower, has said, "During the recession and in the immediate aftermath of the recession, firms were in what I'm going to call a 'survival mode,' not a strategy mode.” Some law firms use a merge as a means of strategy but because of the recession, it is likely that most firms are using it as a means of survival. He also said, "Now that the economy has grown, they're dusting off their strategies." Since there has not been much change to the economy from 2010 to 2011, law firms are still doing what they can to continue to thrive and be successful. In Pennsylvania alone, six mergers have taken place from the months of January to September.…
Josheph Flom Dead at 87
Joseph Flom passed away last night in a New York hospital from hear failure. The last living named partner at…
Morning Roundup
Good morning everyone! Today is Tuesday, November 16, and here's a quick look back at Monday's headlines... Threats against social…