A leading private equity figure has delivered a wake-up call to the legal profession, warning that law firms will go out of business if they underestimate the potential for alternative investments to transform the legal market.
In a video interview with David Morley, senior partner of Allen & Overy, Jeremy Hand (pictured), chairman of the British Private Equity & Venture Capital Association (BVCA) and managing director of Lyceum Capital, warns that investors and non-legal businesses are queuing up to take advantage of the Legal Services Act (LSA).
