Combo Platter: Law Firm Mergers Are on the Upswing

According to a new report from Legal.io, law firm mergers are on the upswing, in 2024.  The interesting part of that report, is just how many small firms are involved in the merger conversation.  All mergers were up 24% for Q1 of 2024; but, fully 65% of those mergers involved law firms with between 5-20 attorneys.  Anecdotally, of late, I have myself been involved in helping to move forward mergers between small firms, including those where 2 solo lawyers have joined forces to form a small law firm.  This indicates both that, maybe those solo and small firms have more value, than is generally thought; but also, there is more action happening downstream, in terms of law firm movement, than anyone suspected. 

Now, if you currently are a solo attorney, or own a small law firm – you may have more options for that asset than you thought; you just have to start viewing your law firm as an asset, to make better decisions about the future of your work. 

 

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If you want to talk about the true value of your law firm & how to leverage it, just reach out! 

Through a unique partnership between the bar association and Jared Correia's Red Cave Law Firm Consulting, Vermont Bar Association members have access to experienced law practice management consultants at a special discounted rate.

To get started, visit Red Cave's Vermont Bar Association landing page, and start running your law practice like a business.