Bloomberg Law
Jan. 5, 2017, 5:43 PM UTC

Fewer Law Firm Mergers in 2016: Report

The legal consultancy Altman Weil released its quarterly report on law firm mergers today, showing that there were six fewer U.S. law firm mergers in 2016 than in the previous year.

Altman Weil tracked 85 law firm combinations announced in the United States last year, less than the 91 announced in 2015, but still a strong showing, according to Tom Clay, a principal at the consultancy.

After all, the 85 deals in 2016 were still better than the 82 announced in 2014 and nearly as robust as the 88 announced in 2013.

Clay said that the consolidation trend stems from ...

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