Very few private equity firms have invested in law firms, and despite some activity in Australia, such investments aren't likely to take off, analysts say. The reason is simple: Few law firms are likely to appeal to investors. There are exceptions, however.
March 13, 2023 at 06:01 PM
5 minute read
Correspondent, Sydney
The original version of this story was published on Law.com International
When the Sydney-based private equity firm Allegro Funds lobbed its takeover bid for Australia’s Slater & Gordon law firm last month, it became the second private equity firm to take an interest in an Australian law firm in the past 12 months.
The move came about nine months after Straight Bat, another private equity investor, took a 30% stake in insurance law firm Wotton + Kearney.
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