Law Firm Mergers on Pace for Another Record Year

Law firm combinations are taking place at a fast clip through the first half of the year. There have been 51 mergers or consolidations so far in 2018, a pace that is likely to lead to another record-setting year.

Law firms set a record in 2017, with some 102 mergers and acquisitions, and the consolidation wave isn’t slowing. This year, the continued rocky marketplace for legal matters has led to more involvement by larger firms which are adding smaller counterparts, according to the Altman Weil MergerLine, which tracks such combinations.

“Already this year, four U.S. law firms, each with over ...