Private Equity and Venture Capital: Two industries united by lackluster legal spend management

In July 2020, Apperio research revealed the commercial realities facing Private Equity legal leaders for the first time.

The study, based on a survey of 100 PE senior legal stakeholders in the US and UK with an average of more than $10 billion under management across multiple funds, exposed rocketing scrutiny on legal spend and eroding commercial trust between external legal advisors and PE firm clients.

Using this data as a baseline, Apperio has now researched and analysed the situation confronting senior legal stakeholders in Venture Capital firms.

This paper examines:

• The levels of overall legal spend of PE and VC firms;
• The internal and external cost pressure drivers;
• The rocketing scrutiny on legal costs in the PE and VC world.