Morgan and Morgan Weighs Stake Sale for Future IPO
The largest U.S. personal injury law firm has hired JPMorgan to explore a minority stake sale that could raise over $1 billion. The family-controlled firm aims to partner with private equity investors to professionalize operations ahead of a potential public listing in the coming years.
Morgan & Morgan is working with JPMorgan to explore a minority stake sale that could raise more than $1 billion. This transaction aims to bring in an outside partner to professionalize operations in preparation for an eventual initial public offering. A successful deal would mark a significant shift for the largest personal injury law firm in the United States, which has historically funded its expansion through internal profits.
### Private Equity Eyes Legal Services Morgan & Morgan is targeting private equity investors with experience in executing public listings. While U.S. regulations generally restrict non-lawyer ownership of law firms, investors are increasingly using management services organization structures to take positions in back-office divisions. This model allows private equity to benefit from steady legal revenue and AI-driven efficiency gains.
