Morgan & Morgan, the nation's largest personal injury law firm, has tapped JPMorgan to explore the sale of a minority stake. The move could net over $1 billion and bring in a private equity partner to help professionalize the family-controlled operation for a potential public market debut years down the road.
The Florida-based firm, which generates $2.4 billion in annual revenue, is eyeing a deal that would allow it to scale its infrastructure while navigating the complex regulatory landscape surrounding law firm ownership. While U.S. rules generally restrict non-lawyer ownership to protect client interests, the firm is considering a structure that targets back-office divisions, a model recently utilized by firms like Massumi + Consoli.Co-founder John Morgan confirmed the firm is fielding interest but emphasized that any capital raise remains speculative. Having built the practice from a small office into a nationwide powerhouse across all 50 states, the Morgan family has historically funded growth entirely through internal profits. John Morgan noted that significant ethical and regulatory hurdles remain, making any transition to a public entity a long-term prospect rather than an immediate goal.
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