Law Firms Hold Off On Tie-Ups In Q2 Of 2009

Law360, New York (July 8, 2009, 12:00 AM EDT) -- Feeling the squeeze from the recession and credit crisis, U.S. law firms are having second thoughts about merging with one another, according to a recent analysis.

In its quarterly merger analysis, legal management consulting firm Altman Weil Inc. said Wednesday it found that only seven new law firm combinations were announced in the second quarter of 2009.

The number was a steep drop from the 25 mergers and acquisitions reported in the first quarter of the year, and was the least number of deals announced in...
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