LOD - Bowmark Capital

Investment May 2018

Business Alternative Legal Services

Growth StrategyInternational Expansion Product and Service Development

Why we invested

Alternative legal service providers provide corporates with more flexible and cost-effective ways of managing their legal needs than those offered by 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, LOD 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

>500

The story so far

LOD is continuing its strong record of organic growth and has completed the acquisition of lexvoco, an Australasian alternative legal services business. The company has further strengthened its senior management team with the appointment of a Non-Executive Chairman and CFO.

During the investment process, the Bowmark team came across as open, constructive and clear on how they could help us realise our potential. They understand the day-to-day pressures but are helping us to stay focused on the things that really move the business forward. Tom Hartley,Chief Executive