Jacoby & Myers links with UK firm MJ Hudson
Jacoby & Meyers is set to launch a presence in the UK market via an alliance with private equity boutique MJ Hudson, and has plans to acquire similar firms in the UK and Europe as an alternative business structure.
Jacoby & Meyers and MJ Hudson have formed a joint venture under the banner of Jacoby & Meyers Europe, and are said to be pursuing an ABS licence.
Jacoby & Meyers has been a key player in the campaign to allow non-lawyer investment in law firms in the US, challenging state regulations with lawsuits in New York, New Jersey and Connecticut.
Founding partner Len Jacoby said: “Our ability to raise the capital necessary to serve the public is severely restricted in the US by an outdated rule of professional conduct. Now a significant part of our growth strategy will be based in London”.