Last year may have missed out on setting a record for law firm merger activity, but it did confirm a trend: In the post-recession legal market, managing partners are more acquisitive than ever.
Following a record year for law firm tie-ups in 2015, legal consultancy Altman Weil Inc. reported that law firm deals stayed hot in 2016, with 85 combinations recorded. That’s just off the record of 91 in 2015, and it brings the four-year running average dating back to 2013 to 86.5 deals per year. From 2009 to 2012, that figure came in at just 53.
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