equity

Have you heard the news? A new contagion is turning formerly healthy private equity firms into the walking dead. It’s not fungal, like in “The Last of Us,” a virus, like in “28 Days Later,” nor a magical reanimation like the original Haitian Vodou Zombis.Instead, it’s the result of a…

Real estate, airlines, fashion.It might seem like private equity has climbed the mountain of the American economy, declaring everywhere the light touches as part of its kingdom.But one corner remains in the shadowlands: Law firms.Nearly every state has adopted a professional ethics rule from the American Bar Association forbidding lawyers…