Over the past few years, the legal sector has been somewhat quiet on the M&A front, particularly in comparison to other similar sectors – such as professional services in general or wealth management– that have seen huge amounts of dealmaking.
Several factors have been cited as contributing to the general lull in legal sector M&A, ranging from a resurgence in demand for legal services causing owners to pause or avoid exit plans, the ongoing impact of COVID-19 and the recent economic uncertainty that the UK has experienced.
However, this period of restrained activity has potentially helped to create the conditions for a considerable uptick in dealmaking over the coming months and there have been signs already this year that M&A in the sector is beginning to accelerate, with industry observers suggesting that a range of factors could push the industry into a busy period of consolidation.
The lull
Poised for a dealmaking boom?
What factors could drive dealmaking?
Conclusion
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