NVM invests £3.1m in Clarilis

The GP said in a statement that Clarilis has enjoyed significant organic growth resulting from client pressure on law firms to reduce fees and develop new methods of service delivery.

As part of the deal, NVM chairperson Tim Levett will take a seat on the Clarilis board of directors.

Company
Founded in 2015, Birmingham-headquartered Clarilis develops automated document drafting software for the legal sector. It has an in-house team of lawyers and automation staff to complement its software product. Its clients include Travers Smith, Addleshaw Goddard, Burness Paull and Baker McKenzie.

People
NVM Private Equity – Tim Levett (chairperson); Jason Warren (investment associate).
Clarilis – James Quinn (co-founder).

Advisers
Equity – Shoosmiths (legal); HMT (financial due diligence); Fairgrove Partners (commercial due diligence); Continuum (management due diligence); Intechnica (IT due diligence).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• NVM Private Equity