Law Firm Merger Market Distinctly Tepid During Second Quarter
The law firm merger market cooled off significantly during the second quarter of 2009, according to reports by a number of legal consultants. Hildebrandt International's latest MergerWatch found that nine U.S. law firms completed mergers and acquisitions during the quarter, compared to 33 during the first quarter. Similarly, Altman Weil's most recent MergerLine reported that mergers fell from 25 in the first quarter to seven during the second quarter -- a 72 percent decrease.
