Credit: Cala Serrano/Adobe Stock Will Private Credit Produce Another Kirkland?
"If [law firms] don't have the right volume, the right connections, the right associates and the right knowledge management tools, they will burn out. The big players won't," said Akin Gump Strauss Hauer & Feld's Ranesh Ramanathan.
October 07, 2024 at 05:00 AM
8 minute read
Private Equity and Venture Capital
The original version of this story was published on The American Lawyer
What You Need to Know
- Institutional lenders and private credit entities see opportunities in joint ventures, and their law firms could benefit.
- They could also lose work amid changes in the way capital is raised and deployed.
- Firms will have to address whether they are in a position to capture that work and, if not, whether they want to make the investments to do so.
Apollo Global Management's deal with Citi is only the latest sign of partnerships between big banks and private credit, as well as the growing demand for law firms to service joint venture deals.
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