Patrick Sarch noted that lawyers worked excessively during holidays, balancing leisure with 14-hour workdays, reflecting the demanding nature of the corporate law profession amid ongoing deal-making.
The early pandemic caused job cuts and reduced hours for corporate lawyers, but the surge in private equity deal-making has led to higher demand, salaries, and workloads.
Sarch highlighted how the surprise early election in the UK compressed timelines for transactions, disrupting lawyers' hopes for a necessary break after busy spring months.
Sarch illustrated the impact of rising interest rates on deal-making, noting that many UK companies became 'zombie companies,' unable to raise funds or issue shares after the pandemic.
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