Third-party investment in law firms looms as CB Equity Partners launches new fund

Byrne, Matt
June 2005
Lawyer;6/6/2005, Vol. 19 Issue 22, p3
Trade Publication
The article presents information on third-party equity-style investment in law firm in Great Britain. The private equity house is seeking investors for a new fund, LexCap, which launched earlier this year. It is aimed specifically at investing in law firms by providing quasi-equity in the form of non-recourse debt or mezzanine capital. CB Equity Partners is hoping to raise $120 million for investments in small to midsized firms. The money will be used to acquire teams, fund new offices or restructure compensation systems.


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