After seeing a dip in the second quarter of 2012, law firm mergers are back, according to consulting firm Altman Weil. But these unions aren’t all multimillion-dollar affairs; in fact, most of the third quarter mergers involved smaller regional firms.
According to Altman Weil, there were 14 law firm mergers in the third quarter of 2012, the same amount as in the third quarter of last year. Of those mergers, 12 involved at least one firm with fewer than 25 attorneys. Overall, 35 of the 39 mergers announced this year involved firms with fewer than 25 lawyers.