Firm mergers remain steady

April 2, 2012
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Merger activity is getting back to its pre-recession levels, according to one group that tracks combinations.

When it comes to law firm mergers and acquisitions, the activity has been fairly consistent over the last six quarters, according to Altman Weil MergerLine, which tracks firm combinations and compiles statistics on the deals.

Fourteen combinations were announced in the first quarter of 2012; 11 were announced toward the end of 2011 that took effect during the first quarter of this year. Those include five firms with Indiana ties: Evansville firms Kahn Dees Donovan & Kahn and Lavallo & Frank combined; Ice Miller, based in Indianapolis, merged with Columbus, Ohio-based Schottenstein Zox & Dunn; Baker & Daniels, based in Indianapolis, combined with Minneapolis-based Faegre & Benson; and Indianapolis-based Bingham McHale merged with Louisville-based Greenebaum Doll & McDonald.

The Midwest had the third highest number of mergers and acquisitions reported in 2011 based on geographic region, according to Altman Weil.

Altman Weil principal Eric Seeger said there has been an average of 15 mergers in each of the last six quarters, a pace that is holding steady at pre-recession levels.


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