BGF invests £3.75m in Setfords Solicitors

The fresh capital will enable Setfords to undertake a recruitment drive, as well as invest in marketing activity and new technology.

As part of the deal, former Interflora and VirginWare CEO Steve Richards has been appointed as non-executive director of Setfords. BGF investor Ben Kirby will also take a seat on the company's board.

BGF stated it is on track to have invested £370m throughout 2016, an increase on the £250m it invested in the previous year.

Company
Headquartered in Guilford and founded in 2006, Setfords is a commercial and consumer law firm with a particular focus on infrastructure, property and family law.

The business employs 160 lawyers, of whom 60 are dedicated to the infrastructure sector. It has additional operations across multiple cities in England and Wales, with many of its lawyers working remotely either from home or from clients' offices.

Setfords recently opened its first London office and generated a turnover of £8m in its most recent financial year, a year-on-year increase of 20% according to a statement issued by BGF.

People
Business Growth Fund – Ben Kirby, Matthew Singh (investors).
Setfords Solicitors – Guy Setford, Chris Setford (CEOs); David Rogers (managing director).

Advisers
Equity – Pinsent Masons (legal); Wilkins Kennedy (tax).
Company – PDT Solicitors (legal).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• BGF (Business Growth Fund)