Law firm consolidations continue at a rapid pace, driven mostly by deals involving larger firms acquiring smaller firms. According to Altman Weil MergerLine the volume of deals in the first quarter of 2019 continue at a pace set by the previous year, with a record-breaking 106 law firm mergers and acquisitions recorded in 2018.
All the deals involved acquisitions of firms with fewer than 20 lawyers.
Altman Weil principal Eric Seeger said in a press release, “Small, strategic acquisitions usually provide a high-value return on investment…For a small firm, a merger is often the best succession strategy.”
Litigation funders are often used in acquisitions and mergers to assist both acquirers and sellers in finalizing deals.