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.
