An in-depth investigation featuring interviews with a wide range of market leaders has shown the law firms and lawyers that frequently get designated mandates on private equity transactions in the UK.
March 25, 2024 at 04:00 PM
5 minute read
The original version of this story was published on Law.com International
The practice of designation—where lawyers help private equity sponsors decide which counsel the banks appoint on transactions—is not solely advantageous to the sponsor-side lawyers that wield the system.
In fact, the main beneficiaries are the lawyers that receive regular mandates from that group of influential individuals.
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