“This is a moment of both uncertainty and opportunity,” Lawrence T. Gresser, Cohen & Gresser’s co-founder and managing partner told the Financial Times in a piece examining private equity investment in U.S. law firms and the future of the legal industry.
“One major benefit of the new structure is that the law firm can offer partners equity that will increase in value as the enterprise grows, encouraging partners to think and act in the long-term interest of the firm.”