‘I want to invest a billion dollars in a UK law firm’ – has private equity and law’s big moment arrived?

‘I want to invest a billion dollars in a UK law firm’ – has private equity and law’s big moment arrived?

‘A few weeks ago, a former lawyer who is now an investor at a well-known large-cap private equity firm called me up. He’d been looking at investing in law firms and said: “David, I want to invest a billion dollars in a UK law firm, and you’re going to help.”’

David Morley, former senior partner of Allen & Overy and co-founder of strategic advisory firm Dejonghe & Morley, is better placed than most to know just how seriously private equity is looking at the legal sector.

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