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Investment May 2018

Business ModelTech-enabled Business Services

Business Alternative Legal Services

Growth StrategyOrganic AcceleratorsM&A

Why we invested

Alternative legal service providers offer corporates more flexible and cost-effective ways of managing their legal needs than traditional law firms. The sector is growing rapidly, and its penetration of the $635 billion global legal services industry is forecast to grow from around 1% to 10% by 2025. As the pioneer in the market, The LOD Group is uniquely positioned to capitalise on this growth, due to its unrivalled reputation for innovation, quality and client service, and its access to world-class legal talent.

Number of customers


The result

During our period of investment, The LOD Group approximately doubled its revenues, significantly expanded its technology consultancy capabilities and broadened its international footprint, including into North America, the world’s largest legal services market.

The business also completed two strategic acquisitions, lexvoco and SYKE, which helped develop The LOD Group into one of the world’s leading alternative legal services providers, with a unique proposition combining legal talent and technology.

In 2023, The LOD Group was acquired by Consilio.

Bowmark was early in recognising the opportunity to drive transformation in legal services, and has helped us to develop The LOD Group into one of the leading providers in the sector. Tom Hartley,CEO

Read more about our Tech-enabled Business Services strategy

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