Just one month on from implementation of the Legal Services Act, In-Deed have confirmed that they intend to invest in UK law firms.
In-Deed, an online conveyancing system, which was launched earlier this year by the founder of Rightmove, Harry Hill, recently secured £4.5 million investment following flotation on the Alternative Investment Market in June. The company have now indicated their intention to invest in UK law firms, using the invested funds to “secure ownership of provincial firms”. It is thought that this move will give the In-Deed brand strong visibility on Britain’s high streets.
Harry Hill, co-founder and former CEO of Countrywide Estate Agents commented:
“We’re making great progress in building a national conveyancing brand and the next logical step is to establish a strong presence on the high street. This will allow us to continue to build our customer-base nationwide and begin widening our legal service offering beyond conveyancing.”
Hill continued:
“We intend to be selective about the firms we invest in, in line with our mission to offer outstanding customer service in a market not currently noted for this.”
In-Deed say they are looking to speak to “successful and profitable provincial legal practices with an established residential conveyancing department.”
Featuring a price guarantee, a no completion-no fee promise and a team of handpicked regional property lawyers, In-Deed have previously indicated a desire to dominate the conveyancing market place within three years and what better way to start than with a strong high street presence?
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This article has been written without contribution from Chris Harris who acts as an advisor to In-Deed and is based on information provided by the In-Deed PR agency.
