Dewey's Demise Slows Pace Of Law Firm Mergers

Law360, New York (July 02, 2012, 5:50 PM ET) -- The pace of law firm mergers slowed in the second quarter of 2012 thanks to the stream of lawyers and business dispersing from bankrupt firm Dewey & LeBoeuf LLP that kept rival firms busy, according to a report Monday from legal consultant Altman Weil Inc.

After averaging 15 deals per quarter for a year and a half, the number of mergers and acquisitions dropped to 11 between April and June 2012, according to Altman Weil's MergerLine, which logs law firm combinations.

"We think the decline in...
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