BUSINESS OF LAW

Law firm mergers continue at a blazing pace, survey says

The pace has slowed since the first quarter of 2015, but law firm mergers are nonetheless taking place at a record rate, a survey says.

A total of 19 were announced in the U.S. during the second quarter of 2015. With the 29 that were announced in the first quarter of the year, that adds up to 48 so far in 2015, according to Altman Weil Inc.

The total is the highest in the nine years that the Pennsylvania-based legal consultant has been compiling the law firm M&A list. “We expect the law firm acquisition market to be extremely active for the foreseeable future,“ said Altman Weil principal Eric Seeger in a news release provided to Crain’s Cleveland Business (sub. req.).

An Altman Weil MergerLine page lists all the law firms that combined during the first half of the year.

Related coverage:

ABAJournal.com: “First quarter of 2015 was one of the best ever for law firm mergers, Altman Weil survey says”

Pittsburgh Business Times: “Law firm M&A zooms in first half of 2015, Pittsburgh firm among top deals”