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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
High street franchise QualitySolicitors has secured a private equity investment aimed at significantly growing the brand across the UK.
The size of the investment by private equity partnership Palamon Capital Partners, which has €1.1bn (£960m) under management, is not known.
The agreement will see Palamon gain a majority shareholding in the company, although it will not have a stake in the law firms that are franchise members.
Palamon investments are typically in the region of €10 to €80m (£8.7m to £70m), according to the Law Society Gazette.
QualitySolicitors was launched as an online legal alliance in 2008, but has since evolved into a high street legal alliance. For an annual fee firms sit on a panel that allows them to pool resources to market services.
The alliance is the brainchild of barrister Craig Holt and was launched with the support of Michael Gradon, a former Slaughter and May solicitor and one-time head of legal and commercial at P&O Group.
Earlier this year The Lawyer reported that QualitySolicitors had struck a deal with WHSmith to allow it to place representatives in up to 500 of the retailer’s branches (7 April 2011).