MJ Hudson set to launch on private equity under new UK laws

MJ Hudson is set to become the first UK firm to take advantage of new laws allowing investment in legal practices, launching on the finance of a group of buyout firms. The firm will start out as a limited liability partnership, and will convert when the Legal Services Act comes into force next year. The firm will allow clients to offer shares in place of fees, and will charge a percentage of a successful fund or transaction as payment. Jeremy Coller of Coller Capital - a founding client of MJ Hudson - said: “It is a breath of fresh air to clients of the traditional legal profession to be able to use a law firm that prices transactionally and can also invest in a transaction, thereby showing an understanding of and interest in the client and their returns."

MJ Hudson set to launch on private equity under new UK laws efinancialnews.com Tue, Jul 20, 2010