Private equity’s workaround to buy law firms

The Trump administration plans to roll back some tariffs, Schroders agrees to a US takeover, and Americans paid 90 per cent of the cost of US President Trump’s tariffs last year. Plus, Goldman Sachs’ top lawyer will depart the company over Epstein ties, and how to buy a law firm when you’re not really allowed to.

Mentioned in this podcast:

Trump plans to roll back tariffs on metal and aluminium goods

Schroders boss reassured UK Treasury ahead of £9.9bn US takeover

Alphaville’s annotated thoughts on the Schroders takeover

US businesses and consumers pay 90% of tariff costs, New York Fed says

Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links

How to buy a law firm if you’re not allowed to buy a law firm

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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