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‘Buy and build’ private equity firm Sovereign Capital has become the latest to outline its intention to invest in the law, Legal Futures can report. It is looking for a legal business that can act as a consolidator in its part of the market.

Private equity firms are showing “considerable interest” in volume legal practices, the man behind Duke Street’s acquisition of the Parabis Group has said. The head of strategic projects at Irwin Mitchell claimed that most PE firms are considering investing in the law.

Russell Jones & Walker aims to use its new access to capital to become one of the two or three players that will “dominate” the consumer legal market in the years to come, its chief executive has said.

QualitySolicitors has received a major cash injection that will accelerate the nationwide expansion of its brand, after private equity house Palamon Capital Partners took a majority stake. The plan is to have over 1,000 branches by the end of next year.

Before we all get too excited by the thought of law firms floating next year (and I’m as bad as the next hack – I would donate a non-essential organ in return for breaking the story of the first firm here to do it), it took Slater & Gordon seven years from starting to look at its options to reach the point of listing. That doesn’t mean every firm would take so long, but it does indicate how deeply firms need to examine it. Has anyone being doing that for nearly enough time to allow them to push the button in the next year?