Price pressure from clients and the need to cut costs have become lasting features of the legal service industry, says a new survey from legal consulting group Altman Weil. The survey addressed managing partners at
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Duval & Stachenfeld has announced that it will double its starting salary for associates to $175,000, in an effort to compete with rivals in the recruitment game.
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
2013 has been a record year for law firm mergers, with 78 mergers going ahead already, and a few more expected before the year is out. This year’s figures beat the previous record of 70 mergers in 2008, says the Am
US law firms are merging at a cracking pace, with 39 mergers announced in the first half of the year. The figures, published by Altman Weil MergerLine, put the industry on track for a record-breaking number of mergers
The U.S. legal industry is set to see more law firm mergers in 2013 than in 2012 or 2011, if the first quarter numbers are anything to go by. According to a report by legal consultancy Altman Weil, 21 mergers were
Law firm consultants Altman Weil report that there were 14 law firm mergers and acquisitions in the United States in the third quarter, comprising four mergers and 10 acquisitions of small firms. “Law firms continue
Fourteen law firm mergers were announced in the US in the first three months of this year, according to a new report from legal consulting firm Altman Weil. “Firms are revisiting growth strategies that got shelved
The lateral market is heating up, as law firms reduce their graduate recruitment and seek to expand by hiring partners with established client lists from other law firms. The rate of partner defections rose last
Merger agreements are providing law firms with a convenient way to get rid of underperforming partners, says Legal recruiter Larry Watanabe of Watanabe & Nason. Accordin to Watanabe the merger “allows the law firm
There were 60 mergers between US law firms last year – an increase of 53 per cent – according to a new report by legal consulting firm Altman Weil. The growth in merger activity follows a sharp drop-off in 2009 and
Law firm mergers are on the increase in the US, with 14 acquisitions in the third quarter of this year – up 79 per cent compared to the third quarter of 2010. The results are part of an ongoing trend, according to
Fifty-one per cent of law firm recruiting and professional development departments lost staffers as a result of job cuts since 2008, according to a new survey by the National Association for Law Placement (NALP).
Legal consultants Altman Weil released their Chief Legal Officer Survey last week, reporting that 63 per cent of respondents increased their internal budgets from 2009 to 2010, while 29 per cent said that they planned