Private equity firms possible investors in personal injury market ?
Outside of the magic circle law firms who handle the vast majority of the big corporate and international growth and save perhaps for a very few other niche sectors, almost all growth in the legal sector has been in the personal injury market over the past 5-10 years with the top 50 injury practices believed to employ as many as 30,000 of the 130,000 or so solicitors in England & Wales.
Notwithstanding the ban on referral fees and forthcoming changes to the ability to charge success fees and likely removal of a 100% win for clients, the personal injury sector is still attractive and it seems likely that the first wave of Alternative Business Structures which may involve private equity investment in the legal sector may well target the most successful injury law practices.
We will keep an eye on developments and post updates on any interesting news on the above.