Deal advisers at law firms have set their sights on winning lucrative private equity clients as transactions involving buyout houses soar.
The sector’s global “dry powder” — or as yet unallocated capital — reached a record $2.3tn in June, triple the amount at the beginning of the global financial crisis. But short of buying a Patagonia gilet and hanging around Mayfair’s Berkeley Square touting for business, how can deal advisers get a larger slice of the private-equity pie?
