Major mergers last year landed two newly created firms on the NLJ 350, and smaller combinations resulted in jumps up the list for five other firms.
The search for opportunities—new clients, practices and geographic markets—in the face of a static market for legal services drove most of the marriages, according to firm leaders and consultants. Overall, 2014 law firm head counts on The National Law Journal’s survey of the nation’s 350 largest law firms were flat, increasing by a mere 0.6 percent.
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