Growing Demand for Mergers and Acquisitions

Growing Demand

On the M&A (mergers and acquisitions) front, acquisitions reached a record $5 trillion in 2021 and demand for expert legal work in this area has been high. M&A work generated law firms’ highest billing rates of all activity types, and demand for legal services related to due diligence, compliance, and antitrust regulations is likely to remain strong.

While deals may slow down in 2023 due to economic uncertainty, the risk of M&A disputes is also expected to increase, which could lead to further demand for legal services. In addition, increased regulatory scrutiny of M&A deals means due diligence will become more complex, which could also increase demand for legal services.

Looking Forward

Overall, demand for legal services related to M&A will likely have a significant impact on the legal services industry in Ohio and Kentucky, and across the United States. Law firms that are able to adapt to these changing trends and provide high-quality legal services will thrive in the coming years.