Credit: Blue Planet Studio/stock.adobe.com 'Higher Level' of Law Firm Merger Activity Expected in 2025, but Tie-Ups Remain Steady so Far
"I do think there are fewer options" for merger partners, noted consultant Lisa Smith, "although there's always new firms forming, and new firms spinning off."
October 01, 2024 at 04:16 PM
5 minute read
Law Firm Mergers
What You Need to Know
- Even with a a flurry of law firm merger activity lately, the number of completed mergers in Q3 is the same as it was in 2023.
- With some mergers already announced for 2025, analysts still expect a higher level of activity for 2025.
- Competition for legal talent and the drive for practice and geographic depth all contribute to combination interest.
Despite a flurry of law firm merger activity over the last couple of months, the number of completed combinations through the third quarter of 2024 remained "steady," according to an industry report Tuesday, with the total exactly the same as it was last year at this time.
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