Online American law business buys Yorkshire firm ahead of its UK launch

CONVEYANCING firm Beaumont Legal has been bought by Amercian online law firm LegalZoom ahead of its UK launch next year.

LegalZoom became the first American business to be granted an Alternative Business Structure (ABS) licence at the start of this year.

It has had a presence in the UK since 2012, when it partnered with Quality Solicitors to offer online legal services. It will launch its services in 2016 and is looking to add other law firms to its group.

LegalZoom UK chief executive Craig Holt, who was co-founder of Quality Solicitors, said: “We’re building a unique next generation law firm, from the ground up, with a singular, relentless purpose: to best meet the needs of consumers and businesses in the modern era. This requires the perfect blend of technology, lawyers, and other expertise, and Beaumont Legal are an important piece of that jigsaw.

“We’re meticulously and patiently building something the likes of which has never been seen in the legal market – and remain open to other acquisition opportunities to further that aim.”

Wakefield-based Beaumont Legal can trace its beginnings back more than 200 years old but began its focus on online in 2005, a decision which was the precursor to significant growth.

At the start of 2013 it employed 50 staff but now has more than 160 people and generates turnover in excess of £5m. It also plans to launch “a sigificant recruitment drive” under its new owners.

Beaumont Legal worked on more than 8,000 property transactions last year, with a total vale of £1.7bn. It has also grown its business in the areas of commercial property, wills, probate and disputes.

Nick Masheder, managing partner of Beaumont Legal, who will be staying along with the rest of Beaumont Legal’s management team, said: “This is an unparalleled opportunity to join with the most innovative, well-known legal brand in the world. We’re also looking forward to considerably adding to our existing capabilities with forward-thinking, innovative individuals who want to be part of something truly special.”

The deal is expected to be complete by the end of the year subject to regulatory approval.