Credit: Feodora/Adobe Stock Expect More Small Firm Absorptions as Economic Pressures Mount
"They are having trouble finding good help, and they are feeling very cautious about their lease obligations, especially as we figure out what's a permanent change from the pandemic and what isn't," said Mathieu Shapiro, managing partner at Obermayer Rebmann Maxwell & Hippel.
December 20, 2022 at 02:32 PM
6 minute read
Over the past six months, at least five small firms in the mid-Atlantic region have been swallowed up by midsize and large firms. Industry leaders and consultants are expecting to see a similar pace of absorptions in the coming year as uncertainty and economic pressures continue fueling a trend towards consolidation.
Since July, midsize firms Lamb McErlane, Saxton & Stump and Javerbaum Wurgaft Hicks Kahn Wikstrom & Sinins each merged with a significantly smaller firm, as did large firms White and Williams and Marshall Dennehey Warner Coleman & Goggin.
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