Ed. notice: Welcome to our every day characteristic, Quote of the Day.
We predict the primary [Biglaw] deal will come from the Second Hundred, and we do suppose it’s going to return in calendar 12 months 2026.
— Bob Maiden, an M&A adviser with Focus Funding Banking, in feedback given to the American Lawyer, in regards to the chance {that a} non-public fairness agency will spend money on a Second Hundred agency earlier than the top of the 12 months. “To start with, the cap desk is smaller. In our world, that implies that there’s fewer determination makers,” he stated. “Within the Second Hundred, you continue to have founders which can be energetic of their companies. In a few of them, they nonetheless have possession. You would possibly say, there’s 100 fairness companions, however on the finish of the day there’s solely so a lot of these companions that actually make the selections.”
Staci Zaretsky is the managing editor of Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
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