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QualitySolicitors’ owner buys majority stake in Simplify legal group

Aims to build 'a national leader in UK consumer legal services' 

29 July 2014

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By Manju Manglani, Editor (@ManjuManglani)

Private equity firm Palamon Capital Partners, the owner of QualitySolicitors, has agreed to acquire a controlling stake in Simplify Group.

The terms of the transaction were not disclosed, but the management teams of Simplify and QualitySolicitors will stay in place to lead their existing businesses.

Palamon believes this transaction will provide significant growth opportunities for both QualitySolicitors and Simplify, which it says have complementary market positions, service models and skills.

"Our investment in Simplify is a clear statement of our ambition to build a national leader in UK consumer legal services with unparalleled points of access," said Daan Knottenbelt, a partner at Palamon.

"The scale and technological expertise of Simplify, coupled with the national high street coverage and consumer reach of QualitySolicitors, will provide multiple growth opportunities for both companies."

The PE firm says QualitySolicitors' members will benefit from additional legal work and the sophisticated technology that Simplify brings, while Simplify will obtain access to an expanded network of high street law firms and a broader range of legal services.

"The technology expertise of Simplify will enhance our innovative online customer platform, now being developed for the network," commented Eddie Ross, chief executive of QualitySolicitors.

Simplify is a newly-branded legal group comprising conveyancing providers Move with Us and DC Law and probate specialist Chorus Law, which have combined turnover of approximately £60m. QualitySolicitors is a nationwide network of 100 partner firms in 200 locations, which together handle more than £200m in legal work a year.

 

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