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…”
Frustration with high legal fees and demand for local regulatory knowledge may give small and medium-sized law firms an edge with la...
The American Lawyer reports that law firm profitability is at a record high, according to a recent report released by ALM Intelligen...
Seeming to defy the laws of supply and demand, hourly billing rates at national corporate law firms have increased 3 ...