The big picture here, said Fairfax’s Kristin Stark, is a “higher level of interest and merger discussion activity.” As a result, “we feel pretty confident we’re going to see an uptick in completed mergers for the rest of the year.”
Law firm mergers continued to accelerate during the second quarter and are expected to keep escalating through the second half of the year and into 2025, a legal industry consultancy said Monday.
A memo from Fairfax Associates tallied nine completed law firm combinations during Q2, including the long-awaited union between London-based Allen & Overy and New York-based Shearman & Sterling. The total for the year is 29, up from 28 completed mergers at this time last year and 25 each for 2021 and 2022.
