US law firm McDermott Will & Schulte weighs sector’s first private equity tie-up
Novel restructuring by one of the country’s biggest legal practices could test ethics rules
Novel restructuring by one of the country’s biggest legal practices could test ethics rules

Body for pension and sovereign wealth funds wants costs shared between investors and buyout groups

Investors question if some institutions rubber-stamp deals that could benefit other businesses

New corporate structures could get around long-standing restrictions against non-lawyer ownership of firms

Lenders have been snapping up businesses formerly owned by buyout firms at a record rate

Attorneys who pioneered billboard advertising are again pushing the boundaries around outside ownership of law groups

Pendulum has swung towards capital allocators