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Law firm mergers have remained consistent with previous years, driven by factors such as the rise of artificial intelligence, aging leadership, and client demand. Midsize firms are particularly considering mergers. Despite a quiet outlook for new large firm mergers, the pace of completed mergers has picked up slightly in the first half of 2024. Data from Fairfax Associates shows that 29 law firm mergers were completed in the first half of 2024, higher than the 28 deals tracked in the same period in 2023 and up from 25 in both 2022 and 2021. Combinations are expected to increase into 2025.
There were 29 law firm mergers finalized in the first half of the year, according to data released by Fairfax Associates. That's higher than the 28 deals the firm tracked in the first half of 2023, and up from 25 in that period in both 2022 and 2021 https://t.co/Gx8X6EBvTK https://t.co/npYUSwIjz2
There were 29 law firm mergers completed in the first half of 2024, according to data released by legal consultancy Fairfax Associates. That's higher than the 28 deals the firm tracked in the first half of 2023. Subscribe to The Daily Docket: https://t.co/a5WtPMICwN https://t.co/eGkQnmpWNj
The outlook for new law firm mergers involving large firms has quieted so far this year, even as the pace of completed mergers picked up slightly in the first half of 2024 @SaraMerken https://t.co/W6kMBYUX7A https://t.co/QsPTXDt9zO