LOD Group - Bowmark Capital

Investment May 2018

Business ModelTech-enabled Business Services

Business Alternative Legal Services

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

>500

The result

With Bowmark’s backing, the LOD Group has pursued both acquisitions and partnerships to services. 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. The LOD Group now has 10 global offices helping clients across the UK, Europe, Australia, Asia, the Middle East and US.

Bowmark has also helped the LOD Group build its bench strength with appointments to the senior management team, including a Non-Executive Chairman, CFO and COO.

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