Law Firms — Biglaw Consolidation Accelerates: Hogan Lovells-Cadwalader $3B Merger Approved as Kirkland Tops $10.5B in Revenue and Poaches Wachtell Star with $80M Package

Law Firms · 2026-04-16

TODAY'S SIGNAL — The legal industry's consolidation and concentration dynamics are intensifying on multiple fronts. The Hogan Lovells-Cadwalader merger creates a $3 billion behemoth, continuing a wave of mega-mergers that is redrawing competitive boundaries. Meanwhile, the 2026 Am Law 100 confirms that revenue concentration at the top is accelerating — Kirkland & Ellis hauled in $10.556 billion,…