For those of you at a firm that was invested in by private equity. Any noticeable changes in your day-to-day, compensation, strategic direction, etc.?

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Much bigger emphasis on growth - sales and way more acquisitions.

Been a lot of tech/systems changes. For firms that are acquired the changes are extremely challenging for them to keep up with

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F

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Day-to-day seems more dictated by PE goals rather than what the partners set so the people once in charge don’t always know what’s going on.

Charge hours / billable hours are a huge pressure point and tend to be the sole focus these days. Quality seems to have gone down

Pushing for high utilization on a chronically burned-out team, while restricting recruitment for cost savings.

I haven’t been at one but I think the typical playbook is to work the existing staff to death with some RIFs here and there and maybe some bolt on acquisitions

UK MM firm - ridiculously aggressive growth targets YOY meaning no bonuses expected, being the main one affects deals teams. Other teams have had more widespread impacts

Day to day isn’t any different. Can feel the emphasis on growth firm-wide though.

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