Wake Up Call: Private Equity Money Flows Into UK’s Law Firms

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Private equity firms are increasingly investing in regional UK law firms, seeking to consolidate fragmented markets in areas like divorce, personal injury, and conveyancing. While investors aim to scale up small practices using technology and automation, the surge in private capital has sparked dissatisfaction among some law firm employees, who argue that the focus on productivity and growth has led to higher workloads and diminished client service quality. (Financial Times)
• Meta Deputy General Counsel Roy Austin, ...