Law firm mergers have shown significant growth during the second quarter of the year and are anticipated to continue rising through the second half of 2024 and into 2025. According to a recent report from a legal industry consultancy, Fairfax Associates, nine law firm mergers were completed in Q2, including the notable union between London-based Allen & Overy and New York-based Shearman & Sterling. This pushes the year-to-date total to 29, an increase from 28 at the same time last year and 25 for each of the previous two years. Fairfax Associates’ Kristin Stark indicated a “higher level of interest and merger discussion activity,” suggesting confidence in an uptick in completed mergers for the rest of the year.
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