In July 2020, Apperio research revealed the commercial realities facing Private Equity legal leaders for the first time.
The study, based on a survey of 100 PE senior legal stakeholders in the US and UK with an average of more than $10 billion under management across multiple funds, exposed rocketing scrutiny on legal spend and eroding commercial trust between external legal advisors and PE firm clients.
Using this data as a baseline, Apperio has now researched and analysed the situation confronting senior legal stakeholders in Venture Capital firms.
This paper examines:
▪️ The levels of overall legal spend of PE and VC firms;
▪️ The internal and external cost pressure drivers;
▪️ The rocketing scrutiny on legal costs in the PE and VC world.
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