National law firm Setfords Solicitors has secured a £3.75m investment from BGF to support its expansion plans. The funding will be used for investment in digital marketing, technology enhancements and the recruitment of additional legal consultants.
Founded in 2006 by Guy Setford, the company has grown into a nationwide firm with over 160 consultant lawyers, and a 60-strong infrastructure team based at its Guildford head office, providing industry-leading back office and administrative support to the consultants.
Setfords was the first business in the UK to roll-out the consultancy network model across all major areas of law including property and family law. Over the past 10 years, it has invested in a robust infrastructure that allows lawyers to work flexibly – in many cases from their homes or clients’ offices – helping to keep overheads low so that savings can be passed on to clients. Setfords has recruited 65 consultants in the past 12 months, a 38 percent increase on the previous year.
Setfords recently opened new offices in Chancery Lane in London and in the last financial year revenue rose by over 20 per cent to more than £8m.
BGF introduced Setfords to Steve Richards who has now been appointed as Non-Executive Chairman. Steve is the former CEO of Interflora and VirginWare, and current Chairman of musicMagpie and No1 Traveller.
The investment in Setfords Solicitors was led by Ben Kirby and Matt Singh.