Lyceum asks law firms £50m investment question
Lyceum Capital is posing law firms the £50m question, as the market gears up for the next stage of the Legal Services Act (LSA). The private equity house - the first financier to openly target legal service investments - has been informally asking firms, understood to include some within the UK top 20, what they would do with an investment of this size. The most popular responses include using the money to invest in IT and systems and putting it towards acquisitions and international expansion.
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