In-Deed to Invest in Law Firms

LONDON, November 10, 2011 -

Property legal company In-Deed has signaled its intent to invest in UK law firms, a month after the implementation of the Legal Services Act.

The company, launched earlier this year by Rightmove founder Harry Hill, is the first in the UK to go public with such plans, made possible under the provisions for alternative business structures (ABS) which allow non-lawyers to invest in and even own law firms.

In-Deed (In-Deed.net) was launched in May 2011 and secured £4.5 million investment through an AIM flotation in June. It will use its funds to secure ownership of provincial firms, giving the In-Deed brand strong visibility on Britain’s high streets.

The founders are stipulating that they are interested in speaking to successful and profitable provincial legal practices, with established residential conveyancing departments.

In-Deed co-founder and former CEO of Countrywide estate agents, Harry Hill says:

“We’re making great progress in building a national conveyancing brand and the next logical step is to establish a strong presence on the high street.

“This will allow us to continue to build our customer-base nationwide and begin widening our legal service offering beyond conveyancing.

“We intend to be selective about the firms we invest in, in line with our mission to offer outstanding customer service in a market not currently noted for this.”

In-Deed’s conveyancing service features a price guarantee, a no completion-no fee promise and a team of carefully selected regional property lawyers who commit to updating homebuyers proactively every two days at the very least.

The service can be found at www.in-deed.net

For further information contact: Graz Belli at ThirdCity on +44(0)20-3174-1027, graz@thirdcity.co.uk

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