Investment May 2018
Business ModelTech-enabled Business Services
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 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 story so far
With Bowmark’s backing, the LOD Group has pursued both acquisitions and partnerships to complement its organic growth strategy, and to provide a full suite of alternative legal services.
LOD joined forces with SYKE in 2021, creating a ground-breaking combination of two of the world’s foremost independent alternative legal services providers. By integrating their market-leading expertise in legal technology and talent, SYKE and LOD provide clients with holistic solutions to address the twin challenges of growing demand and increasing efficiency. Legal teams can now accelerate the development of new operating models, including through digital transformation, resource optimisation and bespoke managed services.
Bowmark has also helped the LOD Group build its bench strength with appointments to the senior management team, including a Non-Executive Chairman and CFO.
Tom Hartley,Chief Executive