The Thinning Middle in M&A Organizations

The number one complaint PE Primer hears from senior M&A professionals across all M&A disciplines is the thinning middle ranks of experienced and promotable talent. The business model of most M&A firms—from financial due diligence firms to investment banks to law firms to private equity groups—relies on staffing leverage. A thinning middle compromises the very structure, leveragability, and effectiveness of the business model.