UK buyout house targets investment in legal sector

Mid-market buyout firm Lyceum Capital is to become the first private equity house to actively seek to invest in the UK’s legal industry ahead of deregulation that will open up the sector.

Lyceum has appointed a committee of senior figures from the legal industry to advise on investment opportunities in mid-tier law firms. It is estimated the UK’s legal services industry is worth around £10bn (€13bn).

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