Altman Weil recently released a special report "10 Years of Law Firm Mergers". Click here for a copy of the report.
Tons of interesting insight provided by the report, such as:
- 78% of the acquisitions were of small firms of 2-20 lawyers. Smaller acquisitions can be done quickly and are a low risk way to buy market share.
- 49% of the acquisitions in the U.S. were in the South (Florida and Texas mostly) and the Middle Atlantic (New York and Pennsylvania led the way). Geography is an important dynamic.
- Since 2013, there have been more than 80 acquisitions per year. 85 acquisitions closed in 2016.