Holland & Knight Legal Ethics Attorneys Comment on Growing Exploration of Law Firm PE Investment

Legal ethics attorneys Trisha Rich and Joshua Porte were mentioned in a Law360 article on the growing use of management services organization (MSO) structures as a vehicle for private equity investment in law firms. Ms. Rich and Mr. Porte, who have advised on dozens of prospective MSO deals across a range of firms, explained that BigLaw must approach these transactions differently than smaller or plaintiff-side practices, with minority stakes (around 10 to 15 percent) often better suited to preserve partner incentives, workplace culture and long-term stability while still providing access to needed capital.

"There's clearly a watershed that's been breached here," Mr. Porte said of the increasing interest in exploring alternative investment structures.

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