Harper James, a full-service commercial law firm purpose built to enable growth-oriented businesses to succeed, has secured investment from LDC, part of Lloyds Banking Group.
Headquartered in Birmingham, Harper James delivers tailored legal support to SMEs across the UK through a transparent and cost-effective subscription-based model that can scale according to their needs. Clients have access to a network of fully remote top-tier lawyers – with an average of 17+ years’ experience – at a fraction of the cost of traditional city law firms.
Since launching in 2014, Harper James has supported more than 6,500 clients and now has a team of over 140 people. It is a people-first business with a strong focus on work-life balance, an established culture and core values. Technology has always underpinned the firm’s model and it is developing innovative and proprietary technology to optimise and leverage efficiencies through AI. The business has achieved consistent double-digit year-on-year growth, with revenue increasing annually by an average of 33% over the past three years.
LDC is backing the firm’s management team, led by founder and CEO Toby Harper. The leading private equity investor will support continued organic growth through further investment into Harper James’ differentiated, technology-enabled model and will also support Harper James to target complementary acquisitions that broaden the firm’s range of services and add even more value for its clients.
PMSI provided VCDD to support the transaction, addressing key investment themes including: a detailed assessment of the legal services market opportunity, penetration and white space amongst SMEs; analysis of key market growth drivers such as regulatory changes and the impact of AI; evaluation of Harper James’ competitive positioning; a comprehensive client referencing exercise and client survey, as well as a detailed growth plan assessment.
On the support provided by PMSI to support the transaction, Founder and CEO Toby Harper commented, “When we started preparing for our transaction, we knew we needed partners who could understand what Harper James was about straight away. PMSI did exactly that. They went further than analysing the numbers – they understood our model, our market, and why we were different. Their clear insights helped tell a sharper story to investors, which made a real impact and played a meaningful part in the strength of our deal outcome.“
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