The Altman-Weil MergerLine : U.S. law firms are currently experiencing a slowdown in some respects.
Although the number of law firms joining up across the country is growing. The Altman-Weil MergerLine reported that 2017 was a “record-breaking year” in U.S. law firm mergers and acquisitions. Last year’s 102 law firm combinations topped the previous high of 91 reported in 2015.
In the firm’s announcement, Altman-Weil owner Tom Clay called the nationwide law firm merger market “white hot.” But what’s Colorado’s climate when it comes to law firm buyers and sellers?
Over the past decade, 22 Colorado-based firms merged or were acquired, according to Altman-Weil. That placed Colorado ninth among states during that period — below Ohio and above Washington, D.C. The biggest Denver-based firm acquired in the past 10 years was Holme Roberts & Owen, which had 159 attorneys when it combined with Bryan Cave in 2011.