Bowmarks backs buyout of Lawyers On Demand

The GP has acquired a majority stake in the company via the transaction, Unquote understands.

Under its new owners, LOD will pursue international expansion, add new service lines and invest in its technology.

Bowmark is currently investing from its fifth fund, a £375m vehicle that held its final close in January 2014 and invests £20-100m in companies with enterprise values of up to £200m.

The deal comes two years after LOD merged with AdventBalance, expanding its reach into Asia and Australia.

Company
Headquartered in London and founded in 2007, LOD outsources lawyers and consultants to law firms and in-house legal teams. It operates across nine offices in Asia, Australia and Europe.

People
Bowmark Capital – Charles Ind (managing partner).
Lawyers On Demand – Tom Hartley (CEO).
Bryan Cave Leighton Paisner – Neville Eisenberg (partner).

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