The chief executive of what he terms a “bog standard law firm” has described how it secured private equity investment as a “roll-out specialist”. Colum Smith of McMillan Williams revealed that his firm received eight private equity funding offers.
McMillan Williams, which has 20 offices in London and the south of England, has become the first high street law firm to take external investment after securing a £5m private equity deal.
Private equity company Duke Street Capital has invested a further £13m in Parabis Group in a show of long-term commitment to the top 50 firm. Duke Street was the first private equity investor in a solicitors’ firm.
‘Dispersed’ firm Keystone Law has set out an ambitious growth strategy for the firm in the wake of taking external investment, which will see it more than double the number of its offices.
NorthEdge Capital, a private equity firm focused on investing in businesses in the North of England, has announced an investment of £15m into Roberts Jackson, the Cheshire-based industrial disease alternative business structure.
The private equity firm behind QualitySolicitors (QS) is eyeing up further acquisitions in the legal market and also thinks the network can quadruple in size, we can reveal. Further, QS is putting the days of headline-grabbing advertisements in primetime television slots behind it.
Winn Solicitors – the firm which was last week bought by two private equity businesses – now has the firepower to expand beyond its core road traffic practice, founder Jeff Winn has told Legal Futures.
Winn Solicitors – which has grown in a decade from nothing to a highly profitable £40m volume claimant personal injury firm – is set for further expansion after being bought by two international investment companies.
Jacoby & Meyers – which claims to be the largest full-service consumer law firm in America – is to create a joint venture alternative business structure as a vehicle to acquire UK law firms and become a “significant” player over here.
Knights Solicitors – the Staffordshire law firm backed by former Dragon James Caan – has pledged to make further acquisitions after buying the Chester office of Hill Dickinson.