Private equity: a poisoned chalice?

Private equity investment in law firms has accelerated in the past 12 months. Essentially every UK200 law firm in the country has been approached, and many have already accepted the opportunity. Now the question is whether firms at the top of the market might join in.

But is it actually a good idea? Can law firms offer the rapid turnaround that private equity demands? Or is it just a chance for equity partners to cash in and retire, leaving behind them a mess for their firms?

The Lawyer Podcast investigates.