PELA's MSO white paper says legal-services platforms are now an operating-system build

The Private Equity Legal Alliance released From Practice to Platform, focused on structuring modern law firm MSOs from LOI to post-transaction integration. The paper argues that the key question is no longer whether private capital will enter legal services, but how owners and investors build scalable platforms while preserving professional responsibility boundaries. The MSO conversation is moving from transaction novelty to operating architecture. The value-creation thesis depends on centralized governance, finance, technology, operations and integration decisions made before close, not just post-closing roll-up activity.