In a significant development for the legal industry, the Private Equity Legal Alliance (PELA) has unveiled a pioneering white paper entitled "Building Ethical, Value-Focused Partnerships." This document is specifically crafted to provide insightful guidance for personal injury law firms considering private equity investment, either through a full or partial sale, in accordance with the evolving landscape of Alternative Business Structures (ABS) and Managed Service Organizations (MSO).
Founded by reputable law firms and financial experts, including Holland & Knight, Samson Partners Group, and Aprio Legal, the 60-page report serves as a vital resource for personal injury law firms that are keen to explore the opportunities that private equity investments present. With the legal landscape in flux, this paper responds to a pressing need within the industry, offering a detailed roadmap designed to empower firms to engage with potential investors without compromising their core values or professional obligations.
Seth Deutsch, founder of Samson Partners Group, emphasizes the pivotal moment for personal injury firms: "For the first time, these firms can access sophisticated capital partners without sacrificing their values. This white paper is designed to guide them through the complexities of private equity engagement in a manner that aligns with their ethical standards and business aspirations."
The white paper not only addresses the accelerating interest of private equity in the realm of personal injury but also elucidates crucial questions that firm owners must consider—such as whether their firm is primed for outside capital and how to vet potential partnerships. Legal and operational improvements that private equity investors typically seek before making investments are highlighted, enabling firms to better prepare for such inquiries.
Importantly, the publication discusses the ethical frameworks that guide MSO structures and ABS-style partnerships, ensuring that law firms have a clear understanding of how to preserve their legacies while seeking advantageous collaborations.
The authors, who are recognized authorities in the field, including Andy Kvesic, CEO of Aprio Legal, and Trisha M. Rich from Holland & Knight LLP, provide real-world insights and case studies to illustrate their points. They note the common pitfalls many law firms encounter when approached by investors and underscore the significance of having a well-defined strategy in place.
"Too often, personal injury firms are caught off guard by investors—lacking the necessary knowledge to ask critical questions or secure essential protections against potential risks," remarks Jordan McMillian, Partner at Samson Partners Group. "This publication empowers firm owners with a strategic roadmap that is ethical and realistic, ultimately allowing them to take control of their firm’s future."
Prepared for firm owners, managing partners, and senior legal executives, this white paper stands as an authoritative reference for those interested in private equity investments. The insights gleaned from this document are poised to assist legal professionals in shaping scalable, defendable, and successful law practices that can thrive in the current marketplace.
For those ready to explore these investment avenues, the white paper is available for complimentary download on the websites of all PELA member firms. As private equity continues to amplify its presence in the personal injury sector, resources like this paper will be invaluable in guiding law firms towards impactful and ethical investment decisions.
About the Private Equity Legal Alliance
The Private Equity Legal Alliance is a specialized consortium that brings together leading legal, financial, and advisory professionals committed to helping law firms navigate the evolving ownership landscape. By facilitating strategic, legal, and operational collaboration, the Alliance aids firms in forming ethical partnerships that enhance their operational and financial potential. To learn more about this initiative, visit
SamsonPartnersGroup.com/pe-legal-alliance.