I was incredibly proud to be a guest on the influential Law Society Gazette podcast series in August 2026, discussing one of the biggest issues currently shaping the legal market: the growing role of private equity and private capital.
It was also great to be interviewed for a change, rather than being the one asking the questions, particularly
by two highly experienced legal journalists, Paul Rogerson and Michael Cross.
My view on private equity in legal services is neither cheerleading nor cynicism. The reality is far more nuanced.
We discussed what is happening on the ground: who is buying law firms, what investors are looking for, how valuations and deal structures are changing, and why some apparently attractive transactions never make it to completion.
There is certainly capital available and no shortage of law firm owners considering their options. But valuation expectations, culture, management, integration and finding the right strategic fit remain critical.
So, is private equity in law a boom, a bubble or the new normal? The answer is more complicated — and more interesting — than any one of those labels.