Stowe Family Law, the largest family law firm in the UK, has been acquired by a global investment firm.
- The buyer, Investcorp, marks its inaugural venture into the legal sphere with this acquisition.
- Stowe has experienced substantial growth under Livingbridge, the previous private equity owner, expanding fourfold in seven years.
- Livingbridge announced a ‘successful exit’ with the acquisition, indicating positive returns on its investment.
- Investcorp aims to leverage technology to foster further growth and enhance client services at Stowe.
In a major development within the legal sector, Stowe Family Law, recognised as the largest family law firm in the United Kingdom, has been acquired by Investcorp, a global investment entity with a significant portfolio exceeding $50 billion. This acquisition represents Investcorp’s debut investment within the legal field, marking a strategic expansion of its investment activities.
Under the stewardship of Livingbridge, which assumed ownership of Stowe in 2017, the law firm experienced unprecedented growth. Over a span of seven years, Stowe expanded its workforce from 100 to nearly 400 employees, while its geographic presence surged from 10 to 90 locations. Such expansion included four key acquisitions over the past two years.
Livingbridge has articulated that the acquisition by Investcorp constitutes a ‘successful exit’, reflecting substantial financial gain and growth achieved during its period of ownership. Notably, Stowe’s annual turnover exceeded £37 million as of the latest financial year ending on 31 March 2024, a marked increase from £25 million the previous year.
Investcorp has articulated its vision to collaborate with Stowe in executing its ‘Stowe 3.0’ growth strategy. This plan is designed to increase Stowe’s client base from the current 5,000 to over 10,000 by 2029. Additionally, the focus will be on providing comprehensive services aimed at supporting families through various transitions and changes.
Technology plays a pivotal role in Investcorp’s strategy for Stowe. The firm plans to harness its extensive experience in building tech-enabled businesses to further improve service delivery and client engagement. Investcorp has expressed a keen interest in exploring the use of artificial intelligence to enhance customer experience and service quality at Stowe.
Statements from key stakeholders indicate a shared commitment to innovation and growth. Ken Fowlie, Executive Chairman of Stowe, highlighted the potential for technology-driven advancements with Investcorp’s support. Furthermore, Adam Holloway from Livingbridge emphasised the transformation achieved through a blend of digital marketing excellence and a supportive work environment for legal professionals.
The acquisition of Stowe Family Law by Investcorp heralds a new chapter of growth, leveraging technological innovations to enhance client services.
