Growing for success: Law firms still looking for merger opportunities, but fewer partners available

With its impending entrance into the Minneapolis market, Taft Stettinius & Hollister LLP is set to expand its footprint to 12 cities, grow its roster of attorneys to more than 600 and take a step closer to its goal of becoming a regionally dominant law firm. While law firm merger activity in the Hoosier State is increasing, the recently announced Taft deal is among the largest in recent years.

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Volume of mergers dips as larger deals slow

There were 20 new law firm combinations announced in the United States in the second quarter of 2019, according to Altman Weil’s MergerLine, falling slightly below reported numbers at the same time in previous years. In total, 47 deals were announced by mid-year.

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