{"id":150405,"date":"2026-05-05T15:46:27","date_gmt":"2026-05-05T23:46:27","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/05\/05\/private-equity-has-its-eyes-on-biglaws-second-hundred-firms\/"},"modified":"2026-05-05T15:46:27","modified_gmt":"2026-05-05T23:46:27","slug":"private-equity-has-its-eyes-on-biglaws-second-hundred-firms","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/05\/05\/private-equity-has-its-eyes-on-biglaws-second-hundred-firms\/","title":{"rendered":"Private Equity Has Its Eyes On Biglaw\u2019s Second Hundred Firms"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

We think the first [Biglaw] deal will come from the\u00a0Second Hundred, and we do think it\u2019s going to come in calendar year 2026<\/strong>.<\/p>\n

\u2014\u00a0 Bob Maiden, an M&A adviser with Focus Investment Banking, in comments given to the American Lawyer<\/a>, concerning the likelihood that a private equity firm will invest in a Second Hundred firm before the end of the year. \u201cFirst of all, the cap table is smaller. In our world, that means that\u00a0there\u2019s\u00a0fewer decision makers,\u201d he said. \u201cIn the Second\u00a0Hundred, you still have founders that are active in their firms. In some of them, they still have ownership. You might say,\u00a0there\u2019s\u00a0100 equity partners, but at the end of the\u00a0day\u00a0there\u2019s\u00a0only so many of those partners that really make the decisions.\u201d\u00a0\u00a0\u00a0\u00a0\u00a0<\/em><\/strong><\/p>\n

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Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to\u00a0email<\/a>\u00a0her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Private Equity Has Its Eyes On Biglaw\u2019s Second Hundred Firms<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

We think the first [Biglaw] deal will come from the\u00a0Second Hundred, and we do think it\u2019s going to come in calendar year 2026<\/strong>.<\/p>\n

\u2014\u00a0 Bob Maiden, an M&A adviser with Focus Investment Banking, in comments given to the American Lawyer<\/a>, concerning the likelihood that a private equity firm will invest in a Second Hundred firm before the end of the year. \u201cFirst of all, the cap table is smaller. In our world, that means that\u00a0there\u2019s\u00a0fewer decision makers,\u201d he said. \u201cIn the Second\u00a0Hundred, you still have founders that are active in their firms. In some of them, they still have ownership. You might say,\u00a0there\u2019s\u00a0100 equity partners, but at the end of the\u00a0day\u00a0there\u2019s\u00a0only so many of those partners that really make the decisions.\u201d\u00a0\u00a0\u00a0\u00a0\u00a0<\/em><\/strong><\/p>\n

\n
\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to\u00a0email<\/a>\u00a0her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. We think the first [Biglaw] deal will come from the\u00a0Second Hundred, and we do think it\u2019s going to come in calendar year 2026. \u2014\u00a0 Bob Maiden, an M&A adviser with Focus Investment Banking, in comments given to the American Lawyer, concerning the likelihood that a […]<\/p>\n","protected":false},"author":3,"featured_media":150406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-150405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/05\/Staci-Zaretsky-u2a3DD.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/150405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=150405"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/150405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/150406"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=150405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=150405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=150405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}