Ryan Lewis’ Post

The FTC has made good on its promise to increase enforcement of the antitrust laws against private equity firms and their acquisitions in filing a 106-page complaint against U.S. Anesthesia Partners Inc. and its private equity investor, Welsh Carson. In the case, the FTC has advanced some novel legal theories in pursuing a series of roll-up acquisitions made over several years, and their related pricing practices. In the below article on Law360, I weigh in, with my colleagues, Bill Roppolo, Ashley Eickhof, and Annasofia A. Roig, Esq., on the defenses and arguments likely to be raised by defendants.  This will be an interesting one to monitor as it advances. https://lnkd.in/gHqMpsCs

“Every major global law firm wants to establish significant technology and life sciences practices, but few have the diversified expertise to capably service those dynamic industries. It’s not just about building an early stage practice, or M&A, or private equity, or capital markets or a robust regulatory group. It’s all of those practices. And Goodwin is one of the only law firms in the world that has elite practices in all of those areas" - Pat Mitchell in The American Lawyer. CC Michael McGrail, Giselle Rivers, Harley Brown, Josh Rottner. #goodwinlaw #joingoodwin #technology #lifesiences

Mike Bryant, Co-Managing Partner at Knox Capital Holdings, spoke with Melissa “Rogo" Rogozinski about investing in legal technology companies in her Rising Phoenix Interview Series. She asked Mike about the evaluation process: ”What is the most valuable growth potential information an investor looks at?”   Mike explained that Knox Capital generally invests in companies in the $10M - $50M range. He told Rogo that they look at the margin profile: it should be at least 20% for software companies, and they expect a slightly lower margin for services companies. Then, he looks at both organic and inorganic growth potential.   He said they also consider whether the finance and accounting systems and talent are prepared to deal with the increased post-investment scale. Knox Capital often looks for add-on acquisitions that will create immediate growth, expand into new markets and create shareholder value. These additional acquisitions can put pressure on finance and accounting capabilities.   Investors also look at sales and marketing capabilities. Mike explained that many founders have good sales chops but don’t have experience building enterprise-class sales and marketing engines. Knox is prepared to work with companies like RPC to scale marketing capabilities and to bring on sales ops and leadership talent in those cases.   These are just a few details from the conversation. Whether you are looking for investment or to invest, this webcast is a must-see! #legaltech #investors #M&A #marketing #growth

Did you know that with 50 employees, your law firm should be generating 10 million in revenue? With 40 employees, aim for 8 million! 🚀 It's all about leveraging technology to elevate your firm in 2024 and beyond. Join us in Chicago this month for our 8 Figure Firm Accelerator conference, where we'll dive deep into strategies for financial success in the legal industry. Don't miss out on this opportunity to level up your firm's cash game! 💼💡 #LawFirmSuccess #LegalIndustry #BusinessGrowth Valeria Torres Luis Scott

How do you make yourself an invaluable commodity in a cutthroat legal market? Simple. 𝐀𝐝𝐝 𝐯𝐚𝐥𝐮𝐞! Literally... as in dollars and cents. When the market forces law firms to make difficult personnel decisions, make sure that you are on the indispensable side of the balance sheet. #BigLaw associates are not just employees, they're investments, and if you want to separate yourselves from your thousands of your peers, do whatever it takes to become the best return on investment on your team. How? Smashing billables is the easy answer, but it's never too early to start taking steps toward generating your own business and driving revenue. Network. Call on potential clients. Go to events, seminars and establishments where money fraternizes. It can start as simple as casual correspondence or chats over coffee, but those seeds can become money-trees and land you on lists like this. Shout out to the top deal-maker and lone hundred-billion dollar man 𝐒𝐜𝐨𝐭𝐭 𝐁𝐚𝐫𝐬𝐡𝐚𝐲 of Paul, Weiss, Rifkind, Wharton & Garrison LLP, as well as rainmaker 𝐌𝐞𝐥𝐢𝐬𝐬𝐚 𝐒𝐚𝐰𝐲𝐞𝐫 of Sullivan & Cromwell LLP who's right on his tail at a cool 80 billion in deal value! https://lnkd.in/dMbGxA8p

BREAKING: Inflexion To Sell Chambers To Abry Partners In £400M Deal Inflexion has confirmed the sale of its flagship investment, Chambers and Partners, to Abry Partners in a landmark £400 million deal, as reported by Law360 UK. This strategic sale marks a pivotal point for Inflexion, yielding a 4.7 times return on their initial investment in March 2018. Florencia Kassai, partner and head of Inflexion's Buyout Fund, highlighted the success under their guidance, stating, "The Chambers team built on a market-leading brand to turbocharge its growth. They've created a highly successful business with significant potential for further growth, and we are confident that the business will continue to thrive." The move signifies an effective transformation of Chambers from being a paper-based publisher toward a digital and subscription-based service. For detailed insights, visit Law360 UK. #Inflexion #ChambersAndPartners #AbryPartners #LegalSectorDeal #BusinessGrowth #Law360 #MarketLeadership #InvestmentSuccess #DigitalTransformation

Gunderson Dettmer is honored to be recognized as a Tier 1 Law Firm in the U.S. 2024 by the Legal 500. This ranking underscores Gunderson Dettmer's knowledge in venture capital and emerging companies, and our support for our clients through growth. This year’s recognition also highlighted the commitment and dedication of three of our partners, Ivan Gaviria, Kenneth McVay and Marc Dupre, for their contributions to their respective practices. Read here for more. #Legal500 #TopTierLawFirm

We are featured in this edition of Thomson Reuter’s Forum Magazine on fixed feed M&A.  Flatiron is the leading (if not the only) fixed fee M&A law firm. We offer fixed fees (for M&A and other deal work) by strictly controlling our costs, deploying labor in a more rational way and leveraging both our own home grown and best available 3rd party technologies. Learn about how we do it and how you can do it too! Read the article! https://lnkd.in/eHEHyffg #mergersandaquisitions #flatironlawgroup #thomsonreuters

My colleague Mahvesh Qureshi – M&A partner, head of our Corporate & Finance practice group for the Americas, and elected member of our Global Board – recently spoke with Law360 about what we can expect from the private equity market in the year to come and why strategic buyers will have to act swiftly and decisively for those high value assets. Check out her full take on the 2024 outlook here. #HoganLovells #PrivateEquity #PEExits

My colleague Mahvesh Qureshi – M&A partner, head of our Corporate & Finance practice group for the Americas, and elected member of our Global Board – recently spoke with Law360 about what we can expect from the private equity market in the year to come and why strategic buyers will have to act swiftly and decisively for those high value assets. Check out her full take on the 2024 outlook here. #HoganLovells #PrivateEquity #PEExits