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Dewey's Demise Slows Pace Of Law Firm Mergers

Law360, New York (July 2, 2012, 5:50 PM EDT) -- 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 law firm mergers and acquisitions in the second quarter can be attributed to what we're...

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