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The Times, They Are A-Changin'
As more and more commercial clients move their legal teams in-house, competition among law firms continues to grow. With the legal industry still feeling negative impacts from the financial crisis, a considerable number of law firms have been pooling expertise and gaining market share through mergers and acquisitions.
The biggest and most recent: Boston's Bingham McCutchen and Philadelphia's Morgan Lewis & Bockius merged to create a legal behemoth. The combination saw Morgan Lewis increase its headcount to over 2,000 lawyers in 28 offices. Other 2014 mergers of note include LeClairRyan's merger with Houston's Hays, McConn, and Fox Rothschild's combination with David & Goodman in Dallas.
Shifting Law Firm Landscape
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