City law firms clamp down on the equity cookie jar Legal Law firms are tightening access to equity partnerships to protect profits, increasingly reserving the equity pool for top performers, writes Maria Ward-Brennan. As the Big Four giants dominate the headlines with internal changes, the firms are seeking to regain control of their expanded equity pools amid profitability problems. These giants are looking to mirror what [...]
Private equity investment fuels major overhaul of Grant Thornton’s associate scheme Prof Services Professional services giant Grant Thornton is launching a “brand new associate programme” for its 2027 cohort of associates, City AM can reveal, as private equity investment from Cinven sets the firm’s ambition for significant growth. The firm voted in favour of an investment from private equity firm Cinven in 2024. Speaking to City AM, Abigail [...]