Black Country-based Higgs has become the latest law firm to take private equity funding after striking a deal with August Equity – which first expressed an interest in the legal market 13 years ago.

Higgs, whose offices are in Dudley, has 28 partners and more than 250 employees working across a broad commercial and private client practice.

Its most recent accounts, for the year to 30 November 2023, show turnover up 2% to £20m, with profit before members’ remuneration and profit shares up 9% to £6.8m.

Higgs said it would use the investment to develop and recruit staff, and pursue merger and acquisition opportunities.

In April 2024, Higgs acquired two-lawyer insolvency and restructuring firm Lewis Onions and this June took over another local two-lawyer firm, MR Timms & Co.

August Equity

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