Story perspectives
Charlesbank Invests in Wood Smith’s Back-Office, AI Expansion
By Drooid · · How we work
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Story summary
- Charlesbank Capital Partners invested in the back-office operations of Wood Smith Henning & Berman.
- Wood Smith Henning & Berman formed WSHB Support Services to provide non-legal support.
- The investment will fund geographic expansion and AI, data-science technology.
- Financial Times valued the firm at roughly $700 million, though deal terms remain undisclosed.
- The MSO structure lets investors own back-office assets while lawyers keep sole authority over practice.