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Private Equity Could Soon Own a Piece of Major US Law Firm
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The US law firm McDermott is examining how PE investors can participate in it. In the world's largest law firm market, this could herald a new chapter.
Private equity could soon own a piece of major US law firm
US law firm McDermott Will & Schulte is reportedly exploring a complex restructuring to allow private equity firms to buy a stake in what could be a major move in the legal market. The proposed structure, as reported by the Financial Times, involves creating a managed service organisation (MSO), a separate entity in which outside investors, like PE firms, could own a stake. The firm’s chair, Ira Coleman, confirmed to the FT that as a “fastest-gr…
·London, United Kingdom
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