1H 2024 Professional Services M&A Report

Very often, when the elephants charge, it’s a good idea to follow the elephants. Watch what the biggest players are doing; they probably know something. In the professional services sector, we are watching big private equity money flow into these services, including law firms in some states (a very new development), consulting, accounting, and HR management. Law firms alone present a $400 billion market that has been shielded, for a long time, from outside investment by bar regulations, including private equity. In most states, only lawyers can own law firms...