Law firm merger activity was significantly down in 2020, which saw the fewest mergers since 2010, according to the merger research team at Fairfax Associates. In 2020, Fairfax Associates tracked 41 completed mergers (meaning the effective date of the merger occurred during 2020), with nine occurring in the fourth quarter.
Law firm merger activity continues to slow amid the backdrop of the Covid-19 pandemic. The number of law firm mergers in the first three quarters of 2020 is down from the same period in 2019, according to the merger research team at Fairfax Associates.
The number of law firm mergers in the first half of 2020 is down from the same period in 2019, according to the merger research team at Fairfax Associates. The second quarter typically sees a low number of mergers, and 2020 followed historical trends.
Law firm mergers experienced a solid year of growth in 2019 according to the merger research team at Fairfax Associates. Based on our role advising a number of the larger mergers completed in 2019 as well as mergers announced for 2020, we continue to see ongoing interest among firms in strategic growth and a desire to build depth and scale.
Law firm mergers experienced a solid year of growth in 2019 according to the merger research team at Fairfax Associates. Based on our role advising a number of the larger mergers completed in 2019 as well as mergers announced for 2020, we continue to see ongoing interest among firms in strategic growth and a desire to build depth and scale.
