A Harrogate law firm that specialises in inheritance disputes has landed £3.25m investment from BGF.
IDR Law, which says it generates most of its work via word-of-mouth referrals, was launched last year and runs a network with access for hundreds of members. The firm's offer includes online referral and support for contentious issues, training, general resources and commentaries.
It says the BGF backing will allow it to invest in talent and legal tech, as well as expand into the Midlands, the North East and London. And as part of the move, legal expert Charles Layfield will join IDR's board as non-executive chair.
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Martin Holdsworth, founder and CEO of IDR Law, said: "By its nature, our work is very emotive, so it’s crucial for us to deliver the best possible service to referrers and clients, which is reflected in our exceptional client and referrer NPS scores. We have identified opportunities for significant growth, but we will only take on cases where we genuinely believe we can help someone reach their goals. BGF understood what we are looking to achieve and that it’s essential we continue to do this in the right way.
"Our business is built on strong foundations because of our focus on our people and culture. From day one, we were set up to work remotely so we could offer our lawyers the opportunity to work flexibly with paid overtime and a healthy balance between work and home. Because of this, we’ve been able to attract the best talent with a 20-strong team based across the UK with 90% of our workforce made up of women. It’s also the most productive and engaged team I’ve experienced working with."
BGF investor Chris Boyes, added: "Martin has taken an entrepreneurial and innovative approach to a traditional industry and has experienced excellent growth to date, while creating a great place to work. With fresh investment and BGF’s experience of adding value to businesses as they scale, IDR Law is perfectly placed to accelerate its expansion."
The deal was led by Chris Boyes and Linda Nguyenova, of BGF’s Yorkshire team.
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