Am I the only one who is seriously concerned about the future of our profession with all this PE activity? I care deeply about the human experience while working in a regulatory environment that’s already super demanding. Private equity doesn’t come with altruism. They will want a return on their investment. The amount of praise these deals are getting over on LinkedIn makes me want to cry. 😵‍💫

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To me, the notion of being independent, both in fact and appearances, may need to be reexamined given PE involvement...

Super strange times

likesmart

I dont care if I’m an associate it doesnt change anything, the only people who get shafted are SM/MDs who were in line for a partner role and that path is shut now. Will earn way less under PE and likely have little exit opportunities for their salaries.

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Tone at the top has a huge impact on your experience as an associate. You just don’t see it.

There’s a reason it’s something we consider in all our audits.

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What are your concerns? If it's that PE wants to make a profit, I would argue partners (or firms as a whole) are no different.

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I've worked in firms that took PE money. Partners still made a lot of money with PE there. Employees received options that became valuable upon liquidity events. It's not all doom and gloom. PE still needs the firms to grow and do well in order to exit. You can't do that if you don't pay people.

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Is PE expectation of return on investment really that different than partners expectation of increased disputable profit

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And the partners that sell to PE aren’t?

Talk to BDO they are spearheading this industry disruption

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