Categories
Latest News Law Firms

“The biggest reason is the change in our culture” – Knights enters the top 100 with Darbys acquisition

The chief executive of private equity-backed firm Knights Professional Services, which this week announced it is entering the top 100 with the acquisition of Darbys Solicitors, says that moving from an equity partnership to a corporate, more efficient structure has been the single most important factor in its success.

Knights in 2012 became the first commercial law firm to receive private equity funding, from Hamilton Bradshaw, the private equity house backed by entrepreneur and former Dragons Den investor James Caan.

The then 60 fee-earner and 90 support staff firm used the undisclosed sum to invest in more integrated technology, namely Tikit’s Partner for Windows practice management solution.