UK Legal services group
Simplify was a newly branded legal services group comprising of Move with Us, DC Law, and Chorus Law which have combined turnover of approx. £60 million. Move with Us is the UK’s largest conveyancing panel management company. DC Law is a fast growing conveyancing “factory” processing conveyancing instructions. Chorus Law is the UK’s largest probate service provider.
Simplify operates in the UK consumer legal services market which is estimated to generate more than £10 billion in fees for law firms but is highly fragmented with over 10,000 law firms competing. The UK legal services industry is facing unprecedented challenges as consumers increasingly expect greater choice and control, while regulatory changes are putting pressure on sub-scale providers. Against this backdrop, Palamon believes that value will accrue to players who have the scale to operate efficiently while meeting the evolving customer expectations.. The 2007 Legal Services Act (“LSA”), October 2011, permitted legal services to be offered by non-lawyer owned entities which Palamon believes will lead to a more concentrated market structure. Simplify is the UK’s largest consumer legal service provider with an opportunity to increase market share both organically and through M&A.
Simplify is the UK’s largest consumer legal service provider and continues to gain market share in this space.