Three months into 2025, interest in the legal industry in mergers remains high as law firms continue to “evaluate their strategies and growth options,” according to experts. And while the total number of completed mergers during the first quarter of the year was only one more than the same interval in 2024, one author of a new report said she still expects total mergers to be ahead of where they ended last year—though “not by leaps and bounds.”
The report from Fairfax Associates tallied 22 completed mergers during Q1—a 5% increase, but only one more than was reported during Q1 of 2024. The authors wrote that they “do not expect” to see that level of activity for the balance of the year, as firms usually strive to have an effective date of Jan. 1.