Law firm mergers are off to another strong start in 2024, with multiple combinations that span all corners of the continental U.S announced this week. Kent Zimmermann notes that over the past 24 months, higher-performing, higher-quality firms are putting mergers and acquisitions on the table when they hadn’t done so historically. One huge driver on why so many firms are interested in mergers is the recognition of significant benefits of scale.

General counsel say they’ve grown exasperated by law firms’ continued lack of transparency, especially related to billing.

Mary K Young observes that some law firms might need to put systems in place to better track clients’ outside counsel guidelines, which she noted are inherently tricky because there’s no uniformity from one to the next. But she suspects that some of the complaints from general counsel stem from communication breakdowns inside their own companies.

As Big Law budgets grow, law firms are pouring more resources into business development for associates. Mayer Brown recently expanded an associate-driven program run by associates and associate-level employees. Mary K Young notes that every firm is a little bit different in how they develop business.