The ten processes private funds can implement to control legal costs
Private capital firms are feeling pressured to increase scrutiny of all costs, with 77% saying that legal spend on individual transactions is a material concern.
Yet, our analysis of legal spending in private equity (PE) shows that one in five are “often shocked” by the size of legal invoices. Furthermore, seven in ten reported being billed for legal work that was, in hindsight, considered unnecessary or redundant.
Those working in legal and compliance have a responsibility to ensure legal costs do not pose a financial risk to their organization. For private funds in particular, that can be tricky as such costs can be significant and unpredictable.
Download the report to discover ten processes that private funds can implement to control legal costs.
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