Career Development » Law Firm Mergers Big Again In 2016

Law Firm Mergers Big Again In 2016


January 11, 2017

2016 marked the fourth consecutive year with more than 80 law firm mergers or acquisitions, and a record 11 cross-border mergers and acquisitions, according to law firm consulting firm Altman Weil. “It’s a post-recession reality that with market demand flat-lining the most effective way to add new business is to acquire another law firm,” Altman Weil’s Tom Clay said in a press release. “But as the supply of prime targets inevitably shrinks, we expect the competition to make high-quality deals will intensify in 2017.” The biggest deal in 2016 was the merger of 1,900-lawyer Eversheds and 400-lawyer Sutherland Asbill & Brennan, announced in December. Domestically, the biggest merger in terms of headcount was between Arnold & Porter and Kaye Scholer, who together form Arnold & Porter Kaye Scholer.

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