Oct. 19, 2026
$700M private equity deal could fuel acquisitions by LA law firm
Wood Smith Henning & Berman co-founder Daniel Berman says the Charlesbank investment will allow the firm to pursue acquisitions for the first time, accelerate expansion and invest heavily in AI. Legal industry experts say the transaction reflects growing private equity interest across the profession.
Los Angeles-based Wood Smith Henning & Berman announced Monday that private equity firm Charlesbank Capital Partners has invested in a newly formed management services organization in a transaction reportedly valued at approximately $700 million, potentially the largest deal of its kind in the U.S. legal industry.
The investment will allow the national insurance-defense firm to pursue acquisitions of other law firms for the first time, expand more rapidly into new markets and m...
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