The Wall Street Journal reported Friday on a subject that isn’t exactly news in these parts: that several factors-a decline in work, clients demanding discounts, and a volatile lateral market in which rivals poach top partners-are forcing law firms in the United States to, essentially, merge or die.
The Am Law Daily has certainly spent its share of time documenting the merger phenomenon. On Tuesday, for instance, McKenna Long & Aldridge and Luce, Forward, Hamilton & Scripps officially confirmed that they will combine on March 1 in the latest consolidation of Am Law 200 shops. The week also brought word that leading labor and employment firms Jackson Lewis and Littler Mendelson are growing by absorbing smaller firms in Milwaukee and Memphis, respectively.
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