Law firm mergers dwindle; but acquiring practice groups remains popular
Article Abstract:
An analysis of the National Law Journal survey of the 250 largest US firms for the years 1986 to 1992 shows a dwindling of law firm merger activity. This has been caused by the recession and by a glut in the supply of lawyers. The acquisition of practice groups and of smaller firms likely to make the acquirer a bigger player in a geographical area have taken the place of wholesale mergers. During the time span analyzed, the number of mergers involving the country's largest firms declined from 48 to nine.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Former Gaston partners revolt; 'war' seen with trustee
Article Abstract:
Most of the partners of the defunct Boston firm Gaston and Snow are battling the firm's trustee, Harrison J. Goldin, over his demand that they return about $23 million or they would face civil fraud charges which he would file against them. Goldin has based the contribution amount for each partner on current earning power, net assets and how much was withdrawn from the firm during the last 19 months of its operation.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Coudert malcontents, unusual merger are the talk of tout Paris
Article Abstract:
Coudert Brothers
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: International bar group meets; but finding a consensus proves elusive. Calif. trial lawyers toast Clinton and vow more political action
- Abstracts: For American firms, Japanese practice has been 'very bad in general.' Nearly every state court has an alternative dispute resolution program
- Abstracts: Fungible? New uses for Sindell. ERISA; three courts rule on pre-emption. Pre-emption; collagen lawsuits fail
- Abstracts: Changes at the top: proposal for new ABA leadership structure draws mixed reviews. Slicing the pie; sections seek greater role in ABA governance
- Abstracts: Form counts but structure can be ephemeral. Technical Advice Memorandum 9743001 and the step transaction doctrine: integrate, separate, separate