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FWIW, I don’t know if I would’ve ever made partner before PE bought into my firm, but it’s looking like I may make partner this year now.
Also, to director 1’s point, yes, we couldn’t find experienced talent to hire for the life of us pre-PE. It’s not much better now, but we have made a few new hires & have better firm resources.
There are some drawbacks, but PE has been a net positive for my career and the health of my local office.
@EY2, I was part of a small firm (less than 200 people) that was acquired by a large multinational PE owned firm about a year and a half ago. It forced succession plans on the older partners in their buy out and gave opportunity to some of the directors and senior managers that actually “do the work” and have been mostly responsible for their legacy client relationships for years.
Rising Star
Ps say that the reason to take PE money is that the pipeline of young people who wanted to make p was drying up.
Maybe pipeline is drying up due to low compensation for space labor so that the partners can pocket more money. Seems like they are blaming the victims for their further greed rather than admitting the real reason why people are less interested in the profession.