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Firm mergers jump in 2Q of 2008
Law firm mergers climbed significantly in the second quarter of 2008 compared with the first quarter, according to new research from law firm consultancy Altman Weil Inc.Altman Weil tracked 26 law firm mergers and acquisitions in April, May and June, mostly involving small firms, compared with 18 during the first quarter of 2008.Number of Firm Mergers Depends on Whom You Ask
Law firms didn't slow down their march to the altar in the second quarter of 2008, but just how many mergers occurred depends on whom you ask. Altman Weil announced a sharp increase, pegging law firm mergers at 26, compared with 18 in the first quarter. At the same time, competitor Hildebrandt International announced steady merger activity, with a total of 14, compared with 12 mergers in the first quarter of 2008. The discrepancy stems from how the two consultancies count the pairings.Law Firm Mergers Climb in Second Quarter of 2008
Law firm mergers climbed significantly in the second quarter of 2008 compared with the first quarter, according to new research from law firm consultancy Altman Weil. Altman tracked 26 law firm mergers and acquisitions in April, May and June, mostly involving small firms, compared with 18 during the first quarter of 2008. "Even in a deteriorating economy, law firms continue to pursue a growth strategy via merger and acquisition," said Altman principal Tom Clay.The Churn: Lateral Moves and Promotions in The Am Law 200
Allen & Overy lures a top antitrust enforcer from the Department of Justice; a group of IP attorneys moves from Pepper Hamilton to Mintz Levin; and Baker Hostetler adds three lawyers to its Cincinnati office. The Churn is constant. Please send all announcements to [email protected].The Churn: Lateral Moves and Promotions in The Am Law 200
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