PE is even putting their tentacles into law firms and accounting, there's no escape from these cretins

February 04, 2026 - 14:54 UTC

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believe me the law firm thing keeps me up at night
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What does a PE law firm do?
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I can tell you from experience, it was not great when the founder at the boutique accounting firm I was at took a giant payday and left us in the loving embrace of private equity after promising us for a decade he would not do that.
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And Vets!
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when i moved back here in 2021, there were 2 emergency vets in the entire pittsburgh metro area, these days there are at least 5, all three of the new ones are PE, plus a whole slew of Banfields and MedVET365’s. Gross stuff all around
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I still don't get how all the shit these guys do aren't massive conflicts of interest and violations of fiduciary duty.
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PE usually only works in private markets, when they buy a public company they take it off market, their fiduciary duty is to themselves. Likewise, there's no conflict of interest if you own the company.
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oh neat, thanks for prompting me to look this up; and here I was thinking we had a straightforward ethical rule that would prevent this
www.sidley.com/en/insights/newsupdates/2025/11/private-equity-investment-in-us-law-firms-current-models-and-recent-developments
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