LOD welcomes Bowmark Capital as a new investor

LOD (Lawyers On Demand) and Bryan Cave Leighton Paisner (BCLP) have announced that LOD has agreed terms to bring in new capital to support LOD’s growth plans through a partnership with Bowmark Capital (Bowmark), which specialises in investing in growth companies. “This is all about access to capital for our next stage of growth,” commented LOD CEO Tom Hartley. “We have been exploring alternative options since the summer of 2017 following our successful merger with AdventBalance in Asia and Australia in 2016.”

Neville Eisenberg, BCLP partner responsible for LOD said, “BCLP is extremely proud to have been a pioneer in the alternative legal services market. Nurturing the creation of LOD over 10 years ago and supporting its growth and considerable influence over the legal market as a high quality provider of flexible legal services has been an extraordinary journey for us all. We believe that LOD is ideally placed for further growth and that this new investment by Bowmark will help facilitate LOD’s ambitious plans. BCLP has committed to remain close to LOD, partnering with the business for its flexible lawyer needs and we look forward to seeing the results of this exciting new chapter in LOD’s development.”

Bowmark Managing Partner Charles Ind further added, “We have been tracking the alternative legal services sector for a number of years and are delighted to have the opportunity to become the principal shareholder in LOD and support the whole LOD team as they build on the impressive growth they have achieved to date.”

BCLP, which was recently formed by the merger of Bryan Cave and Berwin Leighton Paisner, has a widespread reputation for innovation in the delivery of legal services, with both legacy firms winning multiple awards for innovation. BCLP and the shareholders of LOD were advised by Livingstone Partners.