Legal Services
M&A Advisory for Middle Market Business Owners
The FOCUS team has advised AM Law 100 & 200 firms in the acquisition of practice groups in a broad range of practice areas, as well as full firm mergers on both sell side and buy side transactions.
Additionally, as the legal industry has evolved over the past few years, law firms have organically grown and invested in alternative legal service providers, (ALSPs). ALSPs now comprise a $20.6 billion segment of the legal market, according to the Alternative Legal Services Providers 2023 Report, published by the Thomson Reuters Institute, the Center on Ethics and the Legal Profession at Georgetown Law, and the Saïd Business School at the University of Oxford.
The biennial report shows that ALSPs experienced a compounded annual growth rate (CAGR) of 20% from 2019 to 2021, a significant jump from the 15% CAGR recorded between 2017 and 2019. Overall, it reveals an evolving legal market in which the boundaries between alternative legal services providers, law firms, corporate law departments, and even technology and software firms are rapidly blurring.
Our team is committed to assisting law firms acquire or finance the expansion of ALPS, as we anticipate robust growth in the ALSP sector to continue for several years.