Bloomberg: Dinsmore Merger Largest in 2021 as Law Firms Rebound after Pandemic Slowdown
On April 7, 2021, Bloomberg Law published an article about the rebound of law firm mergers as the economy restarts and the pandemic appears to be subsiding. Bloomberg cited Dinsmore's merger with Wooden McLaughlin as the most robust merger in the industry so far this year.
So far in 2021, the biggest combination Altman Weil recorded was Dinsmore & Shohl’s acquisition of 47-lawyer Wooden McLaughlin, which expanded the Midwestern firm into Indiana for the first time. Also, in the Midwest, Armstrong Teasdale, a 300-lawyer St. Louis-based firm, added 32-lawyer Kerman & Co. in London.
“We wouldn’t be surprised to see law firm merger and acquisition totals back over 100 by year end,” said Thomas Clay, an Altman Weil principal, in a statement. “Law firm leaders are returning to a longer-term, strategic focus after a year of crisis management and tactical triage. ... Every firm in the Am Law 100 or 200 is actively looking for good lawyers with good clients.”
Read the full article here.