Stephen Foley
U.S. accounting editor at the Financial Times who reports on private equity and professional services, explaining how investors structure deals to take stakes in law firms and the implications for the legal industry.
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Feb 13, 2026 • 12min
Private equity’s workaround to buy law firms
Stephen Foley, U.S. accounting editor who covers private equity and professional services, explains how investors use management-services structures to back law firms. Robin Wigglesworth, Alphaville editor and finance commentator, analyzes Schroders’ US takeover and what it means for London and asset management. They also touch on tariff rollbacks and high-profile legal departures.
