LegalZoom is acquiring a UK law firm
LegalZoom has already been approved in the United Kingdom as an alternative business structure. But its expansion plans don’t end there.
The online legal document company announced plans on Thursday to acquire a U.K. law firm, Beaumont Legal, report Legal Futures, the Law Society Gazette, the Los Angeles Business Journal and the Yorkshire Post. A press release is here.
LegalZoom chief executive Craig Holt said the plan is to build “a unique, next generation law firm” that is a blend of technology, lawyers and other expertise. Beaumont Legal is “an important piece of that jigsaw,” he said in the press release.
Beaumont Legal, known for its conveyancing practice, currently has more than 150 employees. Managing partner Nick Masheder plans to hire additional “forward-thinking, innovative individuals who want to be part of something truly special.”
The plan is subject to regulatory approval. The acquisition will be funded by private equity, according to the Law Society Gazette.
Related articles:
ABA Journal: “Does the UK know something we don’t about alternative business structures?”
ABAJournal.com: “LegalZoom gets OK to operate in UK”
