Small Firm Consolidations Continue At Rapid Clip

Law360 (April 2, 2019, 2:27 PM EDT) -- Law firm consolidation continued apace in the first quarter of 2019, driven largely by deals in which large firms gobbled up firms with fewer than 10 attorneys, according to a report released Tuesday.

Altman Weil's latest MergerLine report revealed that there were 27 law firm tie-ups in the U.S. made public during the last three months, continuing at a clip set during the previous two years, both of which saw record-breaking numbers of law firm mergers and acquisitions. All of the combinations involved acquisitions of firms with fewer than 20 lawyers.

The average size of an acquired firm was five attorneys,...

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