Rise of Private Credit Has Been a Boon to Big Law


The rapid expansion of the private credit deal market has led law firms to stock up on talent in the area, and it’s creating what some lawyers are saying are “winners and losers” in the shifting market.

For those law firms well positioned to do the work, private credit deals will provide key support for firm profits this year amid a dearth of M&A and capital markets work that has beset Big Law over the last 18 months.

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