Source: Reuters
By Sara Merken
More law firm mergers were completed in the first half of 2023 than in the same period in 2022 and 2021, according to data released on Monday by legal consultancy Fairfax Associates.
Twenty-eight law firm mergers took effect in the first six months of this year, compared with 25 deals each in the first halves of 2022 and 2021, according to Fairfax, which tracks mergers by effective date.
Fairfax reported 11 deals in the second quarter of 2023, after the first quarter saw a flurry of mergers between large firms. Eleven mergers were also completed in the second quarter of 2022 following a slower start to the year.
Law firm mergers are rebounding after deals dropped off during the COVID-19 pandemic; however, the 28 mergers of 2023 are below the historical first-half average over the past 10 years, which Fairfax said is 32 combinations…
Read full article: https://www.reuters.com/legal/transactional/law-firm-mergers-ticked-up-first-half-2023-report-says-2023-07-03/
