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 their annual Global 100 report, a ranking of the world’s 100 largest law firms by gross revenue, profit...
Big law firms have always been pathologically conservative in updating their policies, but has this mentality begun to affect their ...
The world’s largest law firms are still feeling the heat from their stagnated approaches, as discussed in last week’s po...