Law firm combinations were up for the second straight year in 2018 and are likely to remain popular as firms continue to view mergers as a solution to problems posed by a rapidly evolving legal market.
Merger activity in the legal industry reached new heights last year with law firms engaging in a record-breaking 106 combinations, a new compilation of data shows.
This surpasses the 2017 record of 102 consolidations, and is the highest since 2007 when Altman Weil MergerLine began tracking the data.
The latest record-breaking year came amid ongoing shifts in the way firms do business. Law ...
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