Over the past few years, the legal sector has been somewhat quiet on the M&A front, particularly in comparison to other similar sectors – such as professional services in general or wealth management– that have seen huge amounts of dealmaking.
Several factors have been cited as contributing to the general lull in legal sector M&A, ranging from a resurgence in demand for legal services causing owners to pause or avoid exit plans, the ongoing impact of COVID-19 and the recent economic uncertainty that the UK has experienced.
However, this period of restrained activity has potentially helped to create the conditions for a considerable uptick in dealmaking over the coming months and there have been signs already this year that M&A in the sector is beginning to accelerate, with industry observers suggesting that a range of factors could push the industry into a busy period of consolidation.
Poised for a dealmaking boom?
What factors could drive dealmaking?
This practice, which was established over 40 years ago, is available for sale due to the impending retirement of the practitioner.
This practice, which was established in the 1980s, is available for sale due to the impending retirement of the partners.
This practice, which was established around 2003, is available for purchase due to the impending retirement of the partners.
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