Merger mania hits US law firms

The level of mergers is running 41 per cent higher so far this year compared to the first nine months of 2012, with 58 law firm combinations being announced so far.

US mergers are 41 per cent higher this year Elena Elisseeva

The analysis, from Altman Weil, shows that the largest US merger announced this year was September's 500-lawyer combination of Kansas City-based Stinson Morrison Hecker and Minneapolis-based Leonard Street and Deinard. This merger is the third involving Kansas City law firms since 2008. 

Leveraging a bigger platform

Tom Clay, Altman Weil principal, says: 'Midwestern firms that have maxed out in their local markets can leverage the merged firm’s larger, more diverse platform to build visibility and credibility and to create a stronger economic base for future growth.'

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