Photo: Nattakorn/stock.adobe.com Law Firm Merger Talks Heat Up as Pandemic Increases Pressure to Scale
Some firms that never considered merging before are now considering combinations, consultants from Altman Weil and Fairfax Associates said.
April 06, 2021 at 02:57 PM
4 minute read
Legal analysts remain optimistic about a bounce-back in law firm merger activity after the pandemic slowed combinations last year.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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