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Law Practice

Sep. 20, 2024

The rising tide of law firm mergers: a competitive drive for market dominance

There has been a significant increase in law firm mergers in 2023 and 2024, with a focus on smaller firms. This trend reflects a strategic response to competitive pressures and a need for scale and expertise.

Kristin Stark

Principal Fairfax Associates

Shutterstock

Law firms have never been more keenly focused on growth, and in today's market, the vast majority of mid-size and large firms are dedicating a substantial amount of leadership time, energy and resources to proactively pursuing growth. More so now, than ever before, law firms are competing with one another to grab market share, talent, client relationships and practice depth - at a faster rate than their competitors and before those opportunities get scooped up by other fi...

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