Allen & Overy’s proposed merger with Shearman & Sterling is taking the legal world by storm, putting immense pressure on top global law firms. This $3.4 billion merger has signaled to law firms around the globe that in order to stay competitive and be the best, they must consider merging.
Mergers of law firms have grown prevalent in the legal field, with firms frequently rationalizing them by claiming to satisfy client demands for integrated worldwide solutions and guidance.
In recent years, there has been an increase in mergers and acquisitions within the Israeli legal market. This trend has continued to rise, with many firms joining forces to expand their services and market reach.