In this episode of the Today's Conveyancer Podcast, host David Opie is joined by Thomas Mieszkowski, a partner in the corporate team at Walker Morris LLP. The conversation takes a deep dive into mergers and acquisitions in the legal sector, with a special focus on private equity’s increasing interest in law firms.

Thomas shares insights from his recent experience advising on the sale of two mixed-practice firms to private equity-backed consolidators. He explains what makes law firms appealing to investors—from their recurring revenue and low overheads to the potential for market consolidation in a highly fragmented sector.

The discussion also explores why firms are pursuing investment in the first place. Key drivers include the need for capital to fund tech innovation, evolving succession planning pressures, and the desire to reduce financial risk while enabling growth.

David and Thomas consider what private equity is looking for in a prospective acquisition: strong financial fundamentals, cultural fit, a capable management team, and scalable operations. They touch on deal structures, talent retention strategies, and how firms are positioning themselves for potential sale.

This episode offers a timely and practical look at how private equity is reshaping law firm ownership—and what the future might hold for the sector.

The Today's Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views.

Thank you to our podcast sponsors PEXA, and VacantC Legal Recruitment.