Private Equity in California: 2024 in Review & the First Half of 2025

Unlock the Latest Insights on California’s Private Equity Market

California's private equity legal market remained strategically focused between 2020 and the first half of 2025, with firms prioritizing experienced talent and making selective, high-impact additions across the state's unique dual-hub structure.

While the Bay Area captured 61% of PE partner moves compared to Los Angeles' 39%, both markets reflect deliberate investment in key talent with portable business. This analysis examines the distinct dynamics shaping California's market, including the state's leadership in gender diversity with 30% women partner moves - the highest among tracked US markets - AmLaw50 firms' dominance with 85% of all moves, and the strategic approaches firms are taking across technology, entertainment, and emerging sectors.

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