07/06/12 “Dewey Effect” Causes Law Firm Mergers To Slow Down The second quarter of 2012 has resulted in fewer law firms mergers compared to last year. The main reason for this lack of M&As is being attributed to the Dewey-effect says Altman Weil. A new report from Altman Weil Inc. says this is because of the “feeding frenzy” that resulted from Dewey’s dissolution. Ward Bower, from Altman Weil, says that the availability of over a thousand lawyers and the hundreds of millions of dollars of business that they carried with them resulted in a shift in the other law firms’ focus. But he calls the shift in trends short-term. The legal industry watcher also reports that there were only 11 law firm mergers in 2012’s second quarter, compared to 15 on average in the previous six quarters; from Oct 2010 to March 2012.

Share    Tweet

Rate This Article 1 2 3 4 5 6 7 8 9 10 Select    View top rated articles

Printable Version    PDF Version    Email to a Friend    Post A Comment    View Comment    Discuss

Featured Testimonials

It was very easy to navigate and also very easy to access. The search tool was impressive which provided good results. Scott

Facts

LawCrossing Fact #41: All LawCrossing users get 20% off resume-writing services from Resume Apple, a company that specializes in a variety of industries.

"We want to hear your thoughts. Please comment on this article (below)!" Comments

Article ID: 7907     Article Title: ''Dewey Effect'' Causes Law Firm Mergers To Slow Down Comment not found for this article. Comment

Facebook comments: