Mergers are being increasingly employed as a solution to succession planning issues at plaintiffs firms, which don’t routinely refresh their personnel slate like their corporate law firm counterparts. Highlighting this trend, three personal injury firms in Pennsylvania are set to merge in 2024.
In a remarkable turn of events, McLaughlin & Lauricella disclosed its impending closure and subsequent merging with Feldman Shepherd Wohlgelernter Tanner Weinstock Dodig in December 2023. Just the following month, Anapol Weiss revealed it had procured Golomb Legal, while Gay & Chacker declared a merger with Ginsburg & Associates.
The COVID-19 pandemic’s resultant court closures have strained several firms’ economic models. This coupled with shortage of freshly inducted talent that could aid in shaping future leadership, has made mergers a sought-after lifecycle strategy.
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