Law Firms Merged At Record Rate In 2017

Law360, New York (January 3, 2018, 4:19 PM EST) -- A record-breaking year for U.S. law firm mergers ended on a high note with 102 total tie-ups in 2017 after a lackluster 2016, beating the previous record of 91 deals, according to a report released on Wednesday by legal consultant Altman Weil Inc.

Fifteen of the 102 deals crossed national borders — another record, according to the report. The South also stood out as a hot spot, with 26 percent of the total transactions taking place in the region. Additionally, according to the report, the average acquired firm had 27 lawyers and the average firm making the acquisition had 982 lawyers....

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