Hamilton Bradshaw, the Private Equity company owned by former Dragon’s Den investor James Caan, has announced an agreement to invest capital in the Staffordshire based Knights Solicitors, subject to SRA approval. This marks the first private investment in a commercial law firm.
Following the investment, Knights aims to become one of the top 100 commercial law firms in the UK within three years. The firm aims to position itself as a credible cost solution to London based firms by providing competitive priced commercial services from its regional centres in addition to the full service offering Knights provides to its existing corporate client base.
Knights is one of the largest law firms outside Manchester and Birmingham. It was established in 1759 and has 23 partners and 150 staff operating from offices in Staffordshire, Cheshire and Gloucestershire. In 1996 the firm made a strategic move away from the high street to focus on commercial work and wealth management, although it still offers a full range of services.
Knights has previously been one of the regional firms that City firm Hogan Lovells outsources lower-level property work to.
James Caan, CEO of Hamilton Bradshaw commented:
“The legal sector is undergoing significant change and consolidation. Knights is an excellent firm which has proven management and financial backing to scale its business and position itself in the top 100 UK law firms. I am very focused on people-based businesses and Knights stood out as a business with a highly talented team. It’s great to see a firm benefit from staff who have been with the company for over 20 years, it speaks volumes about the quality of the business that Knights have built. One of the things that also impressed me about Knights, is the fact that some of their clients have been with the firm for generations, that is testament to a business who understands the importance of exceptional customer service.”
David Beech, Managing Partner at Knights commented:
“This is an exciting time for Knights and our people, who are passionate about their clients. We met with several investors to work with us on our future expansion. What stood out about HB was the fact that they don’t just bring capital, they also bring an incredibly talented team on board who will support our business to achieve its ambition to become a leading regional law firm and cost solution to London.”
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