Knights 1759

Sector: Professional Services

Knights provides specialist legal and professional support to businesses in the UK

Business Overview

  • Founded in 1759 in Staffordshire, Knights’ head office is based in Newcastle-under-Lyme with further offices in Chester, Cheltenham, Derby, Oxford, Hale and Colchester
  • In January 2013, Knights became the first UK commercial law firm to be granted an ABS licence and attract private equity investment. It is now one of the fastest growing law firms in the UK with a team of c.500 employees
  • As well as support with legal issues, Knights’ ABS status enables them to provide ‘non-legal’ services such as town planning, corporate finance, management consultancy and specialist tax advice

Investment Thesis

  • Fast-growing and entrepreneur-led business that is disrupting the UK legal services industry
  • Set up as a limited company (rather than a partnership) providing a clear separation between ownership/management of the business and fee-earning employees
  • Focus on providing 'big-city' service quality in regional markets
  • Sophisticated use of information technology, enabling employees to focus on client service
  • Resilient and growing industry combined with sticky and recurring revenues
  • Strong management team with proven track record