Shoosmiths advises equity firm on its investment into major software business for legal industry

Shoosmiths advises equity firm on its investment into major software business for legal industry

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Author: Lee Perry

National law firm Shoosmiths has advised NVM Private Equity (NVM) on its £3.1m investment into Clarilis Limited, a provider of automated solutions software for the legal industry.

Clarilis, which is based in Birmingham and was founded by brothers James and Kevin Quinn in 2015, is a fast-growing business with clients throughout the UK and US, and this investment will help it to grow even further.

Its proprietary technology, along with its team of lawyers and automation staff, helps law firms speed up the drafting process while improving consistency and maintaining quality.

Shoosmiths corporate partner Sanjeev Sharma led the deal with support from senior associate Nina Smith and solicitor Adam Leszczynski. Tax partners Tom Wilde and Kate Featherstone were also part of the team.

Sanjeev said: "This is an innovative, forward-thinking business firmly embedded in the legal industry, so we are delighted to have advised NVM on this exciting investment. Not only does Clarilis offer software solutions to the legal industry, it also sits well in NVM's portfolio."

Jason Warren, NVM investment associate, said: "The Shoosmiths team was fantastic in this process - not only for the advice on the deal itself, but the added bonus of being in the product's target market.

"This is a great investment for us, and we are sure it will provide Clarilis with the opportunity to grow, befitting with its ambition."

Shoosmiths' corporate team has advised public and private companies, management teams, investors and debt providers through the business life cycle. Shoosmiths works with businesses from start-up and first round finance, through to mergers and acquisitions, MBO and MBI transactions, development funding and on exits, by way of sale, listing or private equity investment.

The national corporate team has been placed second by deal volume in Experian's UK Deal Review and Advisor League Table.