Law Firms Less Inclined To Join Forces: Survey

Law360, New York (July 1, 2009, 12:00 AM EDT) -- U.S. law firms are holding off on tying the knot with other firms — a trend illustrated by a drop in merger and acquisition activity during the second quarter of 2009 compared to previous second quarters, according to a legal industry survey.

Consultant firm Hildebrandt International said Wednesday that nine law firm combinations were completed from April to June, down from the 14 deals in the same period in 2007 and 2008.

However, the first half of this year saw a total of 42 completed mergers,...
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