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ABS Brilliant Law has completed a private fundraising as part of growth plan to extend its services.
The Leeds firm, founded at the start of the year, provides services in helping ABS applicants and business start ups through a fixed-price package (3 January 2013).
Investment management company Elcot Capital Management led the fundraising, sourcing money from private equity funds and individual investors. The process began earlier this year in May and finished in August. A spokesperson for Brilliant Law said the firm was not currently planning another round of fundraising.
One key investor was Jag Mundi, who has subsequently been named as a non-executive director of Brilliant Law. Mundi began working as a City lawyer before switching to be an investment banker, heading up the investment banking group at Numis Securities until 2008. He has spent the last few years as an independent advisor.
CEO Matthew Briggs said the investment would enable the firm to expand its offering, which is focused on offering SMEs and micro-SMES a ‘pay as you go’ fixed-price menu of legal services via an online portal.
Elcot CEO Mike Vogel said the firm would be able to “take market share and tap into an otherwise under-serviced customer base”.
Earlier this year Brilliant Law hired the former general counsel of Leeds rugby league club Castleford Tigers as its head of employment law (22 August 2013).