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Law firms are a lucrative $400 billion market that has long been shielded from outside ownership. In search of fresh turf, buyout firms may soon be hunting among the gray flannel suits.<br/><br/>It's rough being a lawyer. And no, that’s not the set-up for a joke.<br/>Landing a job at a top-notch white-shoe law firm offers a mix of glamor, prestige, and a hefty paycheck. But that money often comes with a high cost to personal happiness.<br/><br/>On the flip side, going solo promises more control over your life and might even lead to actually enjoying your work. But there’s an under-discussed challenge with going it alone: figuring out an exit strategy when you’re ready to retire.<br/><br/>Several factors play into this, but one is unmistakable: the legal sector might just be the only field where private equity has yet to stake a claim. Lacking access to the deep pockets, operational expertise (and to some extent, a cutthroat, profit-first mentality), the industry lags. Unlike say medicine or dentists practices, law firms tend to be stubbornly set in their ways and, at the big firms at least, operated mostly for the benefit of partners whose concerns for the future may wane once they retire—if they ever do.<br/><br/>Brandon Kochkodin, a reporter for Forbes, joins “Forbes Talks” to discuss why law firms could be private equity’s next conquest.<br/><br/>0:00 Introduction<br/>0:18 Who Are Three Big Names Practicing Law Right Now<br/>2:43 The Challenges Of Selling A Law Firm As A Private Equity Gain<br/>5:00 The Key Factors That Hinder Growth In The Law Field<br/>6:19 About Lee Minkoff, Renovus Capital- Managing Director <br/>7:26 Why Private Equity In Law Firms May Not Be Favorable<br/>11:41 Colleges Interested In External Investments At Key Law Firms<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/02/26/why-law-firms-could-be-private-equitys-next-conquest/?sh=15ca39eb2f5c<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Footasylum
⏲ 16 minutes 53 seconds 👁 5.1M
Footasylum
⏲ 15 minutes 21 seconds 👁 3.7M
I’m a food waste expert – and I’ve tested these TikTok ‘hacks’ so you don’t have to.<br/> <br/>Ben Thomas, who is an environment manager at Waitrose, claims not all viral videos are as effective as they might first appear. <br/><br/>While putting kitchen paper in bags of salad to absorb condensation has merit, the most important factor is ventilation.<br/><br/>And putting the leaves into a well-ventilated storage container is ideal to make sure there is sufficient air flow to prolong its life.<br/><br/>Ben also encourages shoppers to buy loose produce where possible – as this can help ensure you use up what you need and avoid wasting surplus.<br/><br/>But while some content creators swear by washing soft fruits in water with bicarbonate of soda, Ben explained this ‘hack’ could actually shorten the window available to eat the berries.<br/><br/>He explained: “By washing soft fruit and then putting it in the fridge, the moisture can speed up the decomposition process and it’ll quickly end up as mush. <br/><br/>“If you want to wash your food, do it before eating rather than before storing.”<br/><br/>Ben, who leads Waitrose’s own initiatives to reduce food waste [https://www.waitrose.com/ecom/content/sustainability/food-waste], added that some of the best social ‘hacks’ to prevent waste are getting creative with leftovers.<br/><br/>The ever-growing trend of air fryers has seen hacks such as leftover mash croquettes and bubble and squeak using roast leftovers as an inventive way to ensure there is less waste. <br/><br/>He added: “There are lots of handy ways we can all make small changes to reduce the amount of food we waste. <br/><br/>“Really, if you’re using leftovers for anything, you can’t go wrong.<br/><br/>“However, it’s important that supermarkets also support shoppers taking these steps – whether that’s from the sale of misshapen fruit and veg or removing unnecessary packaging.”<br/><br/>The advice comes after a poll of 2,000 adults found 52 per cent have been inspired to try a hack after watching one on social media. <br/><br/>However, for 21 per cent of these, they didn’t quite live up to expectations – with 79 per cent admitting viral hack videos are not always as effective as they first appear. <br/><br/>Cooking, DIY, and kitchen cleaning online tips are the most attempted, followed by ways to tidy the bathroom and save money. <br/><br/>When it comes to food waste videos, 36 per cent have seen content about using leftovers for soups and stocks, while 35 per cent have come across videos about turning stale bread into breadcrumbs. <br/><br/>And 26 per cent have seen reels about freezing fresh herbs into portions to pop into meals when they are needed. <br/><br/>In fact, some respondents even claimed they have used banana peels to polish shoes or leftover fruit to make face masks. <br/><br/>Despite this, milk, bread, bananas, and salad leaves are the most discarded foods – with 35 per cent blaming their food waste habits on forgetting they had certain items. <br/><br/>Whereas 29 per cent overestimate portion sizes and 21 per cent overlook labels when shopping, the survey conducted via OnePoll found.<br/><br/>Ben, from Waitrose, which removed best-before dates from hundreds of fresh produce items, added: “Best-before’, ‘display-by’ and ‘sell-by’ dates can be ignored – ‘use-by’ dates are the only labels which you need to focus on.<br/><br/>“But pre-shop planning is a great way to help you choose what you’ll use when doing your weekly shop. <br/><br/>“It’s always handy bringing a list with you or even taking a photo of the inside of your fridge before heading out.<br/><br/>“The research shows just how much the nation is now turning to social media when it comes to tips and tricks around the home – and the same goes for reducing food waste too. <br/><br/>“Brits really recognise why it is so important that good food doesn’t go to waste, but we know it can be easier said than done. <br/><br/>“That’s why we are committed to halving food waste in our operations and supply chains by 2030, and at the same time, helping our customers do so at home by the same date.”<br/><br/>Separate research from WRAP, the non-profit hosting next week’s Love Food Hate Waste’s Food Waste Action Week campaign, found 60 per cent of the food that is wasted in the UK is by citizens in their own homes. <br/><br/>As a result, Food Waste Action Week will be encouraging everyone to 'Choose What You'll Use', highlighting the benefits of buying loose fruit and vegetables and inspiring people to do this wherever they can.
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Footasylum
⏲ 12 minutes 44 seconds 👁 3.7M
Footasylum
⏲ 12 minutes 54 seconds 👁 3M
Follow the story of a beautiful and homeless girl who navigated through the worlds of both the rich and the poor in order to discover what truly matters in life. One day, something very unexpected happened – a pair of luxurious Christian Louboutin heels fell into the hands of the homeless girl and her friends. One of the young women suggested a challenge– Whoever managed to fit in the designer shoes would attend a ball with her! Surprisingly, the girl was able to do it, but was she tempted to stay on the path of wealth and luxury or did she remain true to her values?
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Footasylum
⏲ 15 minutes 8 seconds 👁 4.5M
The Chunkz and Filly Show
⏲ 1 hour 7 minutes 34 seconds 👁 178.3K
Follow the story of a beautiful and homeless girl who navigated through the worlds of both the rich and the poor in order to discover what truly matters in life. One day, something very unexpected happened – a pair of luxurious Christian Louboutin heels fell into the hands of the homeless girl and her friends. One of the young women suggested a challenge– Whoever managed to fit in the designer shoes would attend a ball with her! Surprisingly, the girl was able to do it, but was she tempted to stay on the path of wealth and luxury or did she remain true to her values?
⏲ 12:3 👁 20K
Chunkz
⏲ 19 minutes 42 seconds 👁 1.5M
Chunkz Shorts
⏲ 8 minutes 14 seconds 👁 271.8K
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