You’ve got to hand it to QualitySolicitors (QS) chief executive Craig Holt – he keeps pulling rabbits out of his hat. To what will no doubt be the chagrin of its many critics, QS has surely announced itself on the big stage by securing investment from a private equity firm. We did well to get him to the Legal Futures conference on Monday (17 October), it turns out, as he was in the middle of signing piles of documents to finalise the deal.
No longer reliant purely on the money it makes from the network firms, QS can invest the millions Mr Holt reckons it will need to build a national network and genuinely recognised brand. He won’t say how much Palamon Capital Partners is putting in, but observes that the company’s investments usually range from €10m (£8.8m) to €80m. They come from a €670m (£425m) fund.
