The Right Legal Group, a specialist in wills and probate, is set to revolutionise the legal market with its aggressive expansion strategy, backed by private equity funding. The group aims to acquire at least twelve law firms annually, focusing on those looking to exit the market.
Mike Simpson, director of innovation at Right Legal Group, highlighted the group’s strategic move to secure private equity funding as an opportunity to acquire law firms, particularly smaller ones ready to exit the market. After a year-long search for suitable partners, Vespa Capital was chosen for its alignment with the group’s ambitions, agreeing to a minority stake in the venture.
Founded by Mike Simpson, Carrie Caladine, and Keith Dearling, Right Legal Group has grown from a modest team in Derby to 170 employees, with plans to expand further. Known for its robust training academy led by solicitor Danielle Wilkes, the group has developed over 150 advisers and recently launched a new diploma in collaboration with the Institute of Paralegals.
Vespa Capital’s involvement has brought Derek Mapp onto the board as chairman. As a seasoned CEO, Mapp’s experience in technology-enabled service businesses is expected to provide valuable guidance. The group’s trading arm, Simpson Solicitors, is establishing new offices in Manchester and Southampton, aiming to exceed 200 staff by year-end.
Through its RightWill platform, Right Legal aims to safeguard clients’ wishes across generations. The firm collaborates with five external firms using this platform to enhance their practice.
Carrie Caladine praised Vespa’s track record in fostering business growth, emphasising the potential for Right Legal to benefit from its expertise. Investment director Luke Burton, from Vespa, expressed confidence in Right Legal’s capacity to continue innovating within the will writing sector, noting the group’s high standards and customer focus.
The Right Legal Group’s expansion strategy, supported by Vespa Capital, marks a significant development in the legal sector. By targeting law firms seeking to exit the market, the group not only aids these firms but also strengthens its market position and service offering.
