Team members involved:
LOD (Lawyers on Demand) is one of the world’s leading providers of alternative legal services, supplying specialist, flexible legal solutions to over 500 corporate and law firm clients. Founded in 2007, the company merged with AdventBalance in Asia and Australia in 2016, and now has ten offices and over 650 lawyers and consultants worldwide.
In recent years, alternative legal service providers have emerged to 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% today, 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.
LOD is continuing its strong record of organic growth and has recently completed the acquisition of lexvoco, an Australasian alternative legal services business. The company has also further strengthened its senior management team with the appointment of a Non-Executive Chairman and CFO.Website: www.lodlaw.com Read more about our Business & Financial services strategy
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,