US law firms continue to merge at record pace

April 9, 2014 US aw firms continue to merge at a record pace, according to a new report from legal consulting group Altman Weil.

Twenty-two firms announced mergers or acquisitions during the first quarter of 2014, and mergers involving smaller firms are making up the majority of the tie ups, with 82 percent of the 22 mergers involving firms with 15 or fewer lawyers.

In 2013, a record 88 law firms announced mergers, and commentators say that the trend is prompted by the persistently flat rate of demand for legal services, and an effort to show some kind of growth.

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