Law firm eyes growth with investment boost

A Birmingham-headquartered law firm has secured new private equity finding.

Harper James, known for its subscription-based legal services tailored to SMEs, has secured support from LDC, the private equity arm of Lloyds Banking Group. 

Since its 2014 launch, Harper James has supported over 6500 clients and has grown its team to more than 140, spread across eight offices.

With a focus on technology and artificial intelligence to enhance efficiency, the company has consistently increased revenue by around 33 per cent annually in recent years.

Bosses say the investment, which was led by LDC’s West Midlands team, will fuel Harper James’ organic growth and support acquisitions to expand its service offerings.

Toby Harper, founder and chief executive at Harper James, said: “This partnership with LDC is a major milestone in our mission to make expert legal advice more accessible and affordable for ambitious businesses. 

“Much like the clients we support in their journeys, we believe in doing things differently and we’re excited to partner with LDC on the next phase of our growth journey. 

“From our very first meeting, the team at LDC has shown a genuine understanding of our culture and vision, and we look forward to working with them to take Harper James to the next level and offer even greater value to our clients and our people.”

Chris Handy, partner and head of the West Midlands at LDC, who worked alongside investment directors Karen Mann and Matt Newbold, added: “Today’s technology-enabled SMEs want greater flexibility and the option to work with advisers in a way that reflects how they do business. 

“Harper James’ innovative model, people-first culture and commitment to delivering flexible high-quality legal services make it a standout firm in a fast-evolving market. 

“We’re looking forward to supporting Toby and his team as they continue to disrupt the traditional legal sector and pursue the firm’s ambitious growth strategy.”

Since its 2014 launch, Harper James has supported over 6500 clients and has grown its team to more than 140, spread across eight offices.

With a focus on technology and artificial intelligence to enhance efficiency, the company has consistently increased revenue by around 33 per cent annually in recent years.

The transaction is subject to approval by the Solicitors Regulation Authority.

Senior debt facilities were provided by Investec and advisers on the deal were Claritas, Clearwater, Coppett Hill, Eversheds Sutherland, Freeths, KMPG and Springboard.

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