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Law firms are a lucrative $400 billion market that has long been shielded from outside ownership. In search of fresh turf, buyout firms may soon be hunting among the gray flannel suits.<br/><br/>It's rough being a lawyer. And no, that’s not the set-up for a joke.<br/>Landing a job at a top-notch white-shoe law firm offers a mix of glamor, prestige, and a hefty paycheck. But that money often comes with a high cost to personal happiness.<br/><br/>On the flip side, going solo promises more control over your life and might even lead to actually enjoying your work. But there’s an under-discussed challenge with going it alone: figuring out an exit strategy when you’re ready to retire.<br/><br/>Several factors play into this, but one is unmistakable: the legal sector might just be the only field where private equity has yet to stake a claim. Lacking access to the deep pockets, operational expertise (and to some extent, a cutthroat, profit-first mentality), the industry lags. Unlike say medicine or dentists practices, law firms tend to be stubbornly set in their ways and, at the big firms at least, operated mostly for the benefit of partners whose concerns for the future may wane once they retire—if they ever do.<br/><br/>Brandon Kochkodin, a reporter for Forbes, joins “Forbes Talks” to discuss why law firms could be private equity’s next conquest.<br/><br/>0:00 Introduction<br/>0:18 Who Are Three Big Names Practicing Law Right Now<br/>2:43 The Challenges Of Selling A Law Firm As A Private Equity Gain<br/>5:00 The Key Factors That Hinder Growth In The Law Field<br/>6:19 About Lee Minkoff, Renovus Capital- Managing Director <br/>7:26 Why Private Equity In Law Firms May Not Be Favorable<br/>11:41 Colleges Interested In External Investments At Key Law Firms<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/02/26/why-law-firms-could-be-private-equitys-next-conquest/?sh=15ca39eb2f5c<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 13:17 👁 625K
Creek Foxwell
⏲ 3 minutes 10 seconds 👁 106K
Ice Nine Kills
⏲ 3 minutes 19 seconds 👁 329.3K
These Monster Hunter Rise tips will help if you're a beginner to the series, or you just want a refresher ahead of the latest Nintendo Switch release. Monster Hunter Rise has a steep learning curve even if you're a series veteran and have slain many a monster in your time, with new mechanics like the wirebug entering the fray. So before you start working alongside Fugen the Elder to save Kamura, read these 11 Monster Hunter Rise tips to get your hunting career off to a good start.
⏲ 6:3 👁 1.2M
Jadakiss
⏲ 4 minutes 56 seconds 👁 2M
Lee and Tiffany Lakosky
⏲ 14 minutes 54 seconds 👁 4.9K
Boo! No really... Welcome to WatchMojo, and today we’re looking at the freakiest and most entertaining reality shows with the supernatural as the main focus.
⏲ 18:17 👁 4.5M
Mackenzie Carpenter
⏲ 3 minutes 4 seconds 👁 272.7K
Chelsea Cutler
⏲ 3 minutes 26 seconds 👁 10.8K
A video shows a pelican using an ingenious hunting technique to catch fish.<br/><br/>The video, filmed in Sichuan, China, shows the huge bird poised still on a rock with its beak spread wide open in the water, waiting for its prey to swim into its mouth.<br/><br/>It only takes a few seconds before a fish swims directly swims into the pelican's mouth. <br/><br/>Satisfied with its catch, the pelican tips its head back and swallows the fish whole.<br/><br/>The video was filmed on February 16.
⏲ 0:11 👁 275K
FilmRise Movies
⏲ 1 hour 30 minutes 58 seconds 👁 1.5M
Mackenzie Carpenter
⏲ 2 minutes 59 seconds 👁 100.6K
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