Will the Legal Services Act (LSA) live up to the hype of the profession’s Big Bang? As we reveal today, Lyceum Capital certainly believes so, as the private equity firm becomes the first investment house to explicitly target the sector ahead of the Act’s full implementation.
It has been an open secret that financiers, reportedly including Goldman Sachs, Cazenove and Noble, have sized up the market with varying degrees of enthusiasm; managing partners have grown used to PowerPoint presentations talking up the joys of external capital. But Lyceum has gone considerably further, going on the record with its commitment and appointing a three-strong board of high-profile figures to help scout out opportunities.
