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LawyerFair close seed round and set out aggressive growth plans PDF Print E-mail
Thursday, 16 April 2015

LawyerFair, a legal procurement and comparison service dedicated to the commercial market, has closed a seed round of £160,000, with follow on options for further investment.

LawyerFair provides a free service that matches the legal needs of commercial clients with a pre-approved and selective panel of great lawyers.  They handle a range of commercial work from SME legals to Legal Procurement Tenders and In-House Counsel requests.

Robert Hoadley, head of asset management at Criterion Capital, used LawyerFair and described it as: “A simple portal that saved us a great deal of time. I wouldn’’t hesitate to use the service again."

Seed investment was led by Boundary Capital alongside other experienced investors including a Private Family Office, a barrister and an ex-managing partner of a regional law firm who will also act as Chairman.

As CEO Andrew Weaver explains: ”We took our time raising this investment as it was important to find the right investors, as well as the raw cash.  Alongside the capital injection, we a’re inheriting additional firepower to the team that will help us accelerate growth and deliver ever improving benefits for the buyers and sellers of commercial legal services.”

Dr David Gee is Boundary Capital’s investor director and commented: ”The SME legal services market in the UK is huge but the delivery of services is fragmented and disparate. We see a substantial opportunity and were excited by the way that LawyerFair systematically tackled the issues required to address this need. Whilst the business is still relatively young, we are greatly encouraged by the user testimonials on both sides, and the growth in the services which evidences the benefits to the market as a whole.”

The investment will help LawyerFair accelerate towards aggressive growth targets and continuous improvement of key operational pillars, delivering great value and customer experience to business owners and lawyers alike.

Having recently moved into impressive new offices by the Thames in Battersea, the future looks bright for LawyerFair.

Chairman, John Stapleton concludes: ”We are absolutely delighted with both the investment and the quality of investors backing LawyerFair.  I’’ve been involved in the SME legal industry for nearly 40 years and seen it evolve.  With user needs changing, and new opportunities appearing via technology, LawyerFair aim to set a new standard about how legal services will be best procured and delivered.”

(Source - LawyerFair Press Release)

 

 
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