If Your Biglaw Firm Has The Urge To Merge, Better Do It ASAP

// Ed. note: Welcome to our daily feature, Quote of the Day.

If you wait until interest rates are down and everyone is crowding into the market, there are going to be fewer options and it’s going to cost more. So, I think there are firms that recognize that they need to continue to make investments when it may not seem like the right time, but in fact, the opportunities are better in those times.

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— Lisa Smith, a principal at Fairfax Associates, in comments given to the American Lawyer on the “best” time for law firms to consider merging, even in the case of a recession. Fairfax recently released a report indicating that mergers are on the rise and interest is likely to remain strong. “[G]iven the level of activity,” the report noted, “we anticipate an acceleration in completed mergers during the second half of the year and into 2024.”

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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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Biglaw, Law Firm Merger Mania, Law Firm Mergers, Quote of the Day