It appears that the pace of law firm merger deals may be quicker than ever before, despite prevailing market conditions. A trend that is particularly evident amongst midsize firms, who have successfully been finalizing such merges over the past few weeks.
Varying examples include alternative law firms such as Rimon who merged with SilvermanAcampora, based in Long Island, New York and their team of 10 attorneys. Boston’s real estate transactional boutique, Ligris & Associates joined forces with local firm Adelson, Loria, & Weisman adding their six attorneys to the roster. From the Midwest, the firm of Michael Best & Friedrich combined with Madison’s healthcare boutique, Trifecta General Counsel.
It appears that these successful mergers amongst midsize firms could be attributed to a shared vision in culture and business objectives. Such synergy seems to be setting these firms on a trajectory towards future success. For instance, firms like Rimon and Ligris & Associates are successfully branching out to achieve their objectives. Ultimately, the continuous merger completion trend amongst these midsize firms, suggests an optimistic outlook for the future.