'Surprisingly Quiet' Start Could Mean Slow 2022 for Law Firm Mergers | The American Lawyer - Law.com

What You Need to Know

• Despite plenty of interest in combinations, completed mergers are still lagging from their pre-pandemic pace.
• Fairfax Associates tallied 14 completed combinations in the first quarter, below the totals from last year.
• Pandemic pressures and the high demand environment is prompting a slow down in completed mergers.

Calling it a “surprisingly quiet” start on the merger front, a new report this week found merger activity in the first quarter of 2022 declined from last year and is well below the historical average in what is normally the busy season for completing law firm combinations.

The consulting firm Fairfax Associates tallied 14 completed mergers in the first quarter of 2022. That’s down from 17 last year and noticeably less than the 10-year average of 22 in the first quarter, said Fairfax, attributing the decline to pandemic pressures and high legal services demand.

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April 20, 2022

source: https://www.law.com/americanlawyer/2022/04/01/surprisingly-quiet-start-could-mean-slow-2022-for-law-firm-mergers/

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