2017 marked a period of mass consolidation in the legal market as law firms combined to add clients, expand numbers and strengthen their bottom lines.
Last year, they set a new record with 102 mergers or acquisitions, according to Altman Weil MergerLine, which keeps track of the data.
It was the highest number recorded in the 11 years that MergerLine has collected the data. The highest previous number was the 91 consolidations reported in 2015.
Mergers and acquisitions have been on the upswing for the last decade, with a growing number of cross-border mergers.
“The law firm merger market is ...
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