Biglaw Merger Activity Very Likely To Soar To New Heights In 2024
Summary
As noted in a recent report by Fairfax Associates, all of these mergers reflect “a likely uptick in law firm merger activity in 2024.” Here are some additional details, courtesy of the American Lawyer: Indeed, with the benefits of scale more apparent, more firms than ever before are willing to consider marriage proposals. And firms with between 400 and 800 lawyers are especially hungry to acquire smaller firms right now, which themselves may be looking at succession planning and trying to find ways to provide a boost for the future, noted Lisa Smith, a principal at Fairfax. We know that the A&O Shearman deal will be official in May, and Dentons is set to combine with yet another firm sometime soon. If you know of any other high-profile merger that may be underway, please don’t hesitate to let us know via email or text us at (646) 820-8477. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques.