Law firm mergers down 24 percent in 2009
Law firm mergers in the U.S. fell 24 percent in 2009 from the previous year but may rise in 2010, law firm consultants Altman Weil say in a report.
The largest announced deal of 2009 was the merger of London-based Lovells LLP and Washington-based Hogan & Hartson LLP, creating a firm with 2,532 lawyers. Partners of both firms voted to approve the merger last month. The new firm will be known as Hogan Lovells starting May 1.
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