Local Law Firm Lands Private Equity Backing
Santa Monica’s Wood Smith Henning & Berman secured private equity investment from Boston’s Charlesbank Capital Partners, becoming one of the largest U.S. law firms to use this structure. The 600-lawyer civil litigation and insurance defense practice will fund back-office operations while partners retain full control over legal decisions. The deal reflects a growing workaround that lets LA firms scale without violating ethics rules on non-lawyer ownership.
Read the full story at Los Angeles Business Journal →
Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to Los Angeles Business Journal; we do not republish the article.