Lawyers who make the move from private practice to industry often say that they want to be ‘in the thick of it’, but the growing band of senior corporate counsel operating in private equity must sometimes wonder whether you can have too much of a good thing.

With private equity deals breaking records by the week, unprecedented scrutiny and regulatory pressure on the sector in the wake of high-profile bids for Sainsbury’s and Alliance Boots and predications that the sector will face a wave of litigation when the credit cycle turns, it is not a place for lawyers who want a quiet life.