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While headline-grabbing mega-deals were absent, firms focused on mergers and acquisitions to expand their regional reach, strengthen core practice areas, and enhance client offerings.

Consolidation has swept the PI and clinical negligence markets, accelerating mergers and acquisitions. The entry of private equity, once seen as unlikely in claimant work, changed the game.

After a slowdown at the end of last year, 2023 continues to see a considerable appetite for M&A amongst law firms, not least Allen & Overy which has announced one of the biggest transatlantic deals ever .

As I travel or Zoom across the UK, talking to law firm managing partners about their growth plans, top of their acquisition wish list are boutique law firms.

In my experience, the biggest mistake when it comes to law firm mergers isn’t negotiating a deal, it is blending cultures. As Peter Drucker once said: “Culture kills strategy for breakfast.”