Proponents of private equity (PE) investment are quick to spotlight its perks for law firms—most notably, a fresh injection of capital to fuel business growth.

While the 2012 Legal Services Act opened the door for PE investment in U.K. Big Law, top-tier firms have long been hesitant to jump in, despite the seemingly successful investment by PE in DWF and ECIJA in 2023 and 2024, respectively.