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 reports on law firm financial performance for the first nine months of the year, concluding that for the fi...
Law firms continue to expand in lower-cost areas with large talent pools, while growth in dominant markets such as New Yor...
The announcement of the $2,000 per hour lawyer and the first-year associate starting salaries rising to $180,000 has stirred up a la...