Big US private equity outfits are running the rule over English law firms

Thursday, 09 February 2012 Vince Cable has made worried noises about foreign takeovers of iconic British businesses, but the sell-out continues apace. This week we learned that most of our largest insurance groups are now foreign-owned. Could the same, slow drift offshore soon take hold in the legal sector? As the number of ABS applications approaches 100, it’s becoming...