Here’s what’s trending in the legal industry: Technology procurement tips for law departments, the “Make vs. Buy” decision, a part-time law practice can work, law firm mergers are off to a strong start, and more!
According to data from Altman Weil’s MergerLine TM, the legal industry has averaged 80 law firm mergers per year since 2013. The ongoing volatile legal market means more law firm merger activity will continue to occur. The vast majority of acquisitions are of law firms with 20 lawyers or less. Based on the data from Altman Weil’s MergerLine TM, here are 5 law firm merger trends: