Private equity firm Inflexion announced on Friday it has agreed to sell legal rankings leader Chambers and Partners to investment group Abry Partners in a transaction that values the company in excess of £400 million, which is equivalent to around £491 million. The announcement was made by Inflexion without further details on the deal’s specifics.
Chambers and Partners, known for its comprehensive research and analysis in the legal market, is a dominant figure in producing robust, international legal rankings based on historical and recent performances. The change of hands in its ownership is sure to stir reactions in the industry.
Inflexion, known for their diverse portfolio and considerable acquisitions in the private equity market, has yet to make an official statement about the disposal of one of its most central assets.
Similarly, Abry Partners has not provided further information about how they intend to manage their newly acquired major ranking company in the legal sphere or whether there would be substantial changes in the firm’s direction following this purchase.
Given the important role of Chambers and Partners in the legal profession and considering the effects any potential changes to its methodology or operations might have for law firms and legal professionals globally, this development is expected to be watched keenly by industry insiders.