2013 witnessed a record 88 law firm mergers, and the market shows no signs of slowing with law firms announcing 22 more mergers during the first three months of 2014. While some mergers are certainly driven by strategic factors, as The Washington Post notes HERE,
“Law firms have been turning to consolidation as the demand for legal services is largely flat… Merging is one way firms can still show growth…”
The American Lawyer released its annual Global 100 report, a ranking of the world’s 100 largest law firms by gross revenue...
The American Lawyer reports that the legal industry added nearly 5,000 jobs last month, marking the sixth straight month of job gain...
The gap in gender parity in the legal industry remains somewhat stagnant, but there are Big Law firms that have adopted new cultures...