Partner Article

Cheltenham solicitors to receive James Caan investment

James Caan’s private equity company Hamilton Bradshaw, has announced a landmark agreement with equity partners of Knights Solicitors to invest capital.

Subject to approval from the Solicitors Regulation Authority, the deal is unique in the sector, being the first private investment into a commercial law firm.

Through the investment, Knights aims to position itself in the top 100 commercial law firms in the UK within three years, providing competitive priced commercial services across regional centres.

David Beech, who has been leading the business since October 2011, will be developing the firm’s strategy for growth.

Once the SRA have approved Hamilton Bradshaw’s investment, James Caan will join the board.

Mr Caan said: “This is a very exciting business for HB to invest in. David has an excellent track record in law firm management as well as a unique understanding of private equity, having managed a fund himself.

“HB backs talented management and I am confident David will execute his strategy
for growth.

“The legal sector is undergoing significant change and consolidation. Knights is an excellent firm which has proven management and financial backing to scale its business and position itself in the top 100 UK law firms.

“I am very focused on people-based businesses and Knights stood out as a business with a highly talented team. It’s great to see a firm benefit from staff who have been with the company for over 20 years, it speaks volumes about the quality of the business that Knights have built.

“One of the things that also impressed me about Knights, is the fact that some of their clients have been with the firm for generations, that is testament to a business who understands the importance of exceptional customer service.”

David Beech added: “This is an exciting time for Knights and our people, who are passionate
about their clients.

“We met with several investors to work with us on our future expansion. What stood out about HB was the fact that they don’t just bring capital, they also bring an incredibly talented team on board who will support our business to achieve its ambition to become a leading regional law firm and cost solution to London.”

This was posted in Bdaily's Members' News section by Tom Keighley .