Ninety-five per cent of managing partners at the UK’s leading law firms predict major consolidation at the top end of the legal sector over the next two years, a survey of more than 100 of the UK’s top 200 law firms shows.
Increased competition, client expectations, the requirement for growth and enhancement of reputation are the forces increasingly driving top UK law firms into the arms of merger partners, the research by Byfield Consultancy and partnership specialists Fox Williams indicates, with 45% of firms that have not yet merged saying they would consider a tie-up within two years.
