Demand for Legal services has always been high, as increasing complexity of regulatory and compliance requirements on a global scale necessitates sound advice – with technology enabling swifter and more consistent service delivery. Firms are seeking more efficient ways to manage Legal processes and this is driving an acceleration of the Legal tech market which is currently, valued at £20+ billion and growing at an annual rate of 6-10%.
Some savvy firms have taken note, with some innovating through technology to enhance client engagement and service delivery. Additionally, the rise of artificial intelligence (AI) and automation is impacting workflows. From document review and contract analysis to case management and due diligence, AI-driven tools can significantly reduce the time and cost associated with traditionally manual tasks.
These trends are creating strong market tailwinds for companies that provide technology-driven legal solutions that deliver value through automating and digitising data and services which were once costly and manual. “It’s clear there are real opportunities for businesses ambitious enough to grasp them,” says Sergio Ferrarini at Inflexion. “By automating routine tasks and enhancing data accessibility, these companies help law firms operate more efficiently while maintaining high standards of accuracy and compliance. This has the added benefit of differentiating the frontrunners in an industry which has historically been a laggard regarding technology.”
Inflexion has identified the exciting potential in this space, partnering with companies that are actively driving tech adoption within the legal industry.
Aosphere – One year after an Inflexion-led carve out, aosphere has built a best-in-class infrastructure, scaled its commercial operations, completed a strategic acquisition, and maintained double-digit growth.
Chambers and Partners – The global leader in rankings for law firms transformed from a print publication to a subscriber-led data analytic business under Inflexion’s stewardship since 2018.
Axiom GRC – Inflexion’s track record in compliance businesses and carve-outs helping GRC to thrive since becoming independent. Three acquisitions and industry tailwinds are propelling its growth.
Movera – Movera has been flourished since the first acquisition in 2019 under Inflexion’s stewardship. Now the UK’s leading vertically integrated home moving provider of conveyancing and panel management services, Movera has made substantial investment into client-facing software and process automation to support Property Lawyers as it innovates to improve home moving and remortgaging with experiences that are digital when they can be and personal when they need to be. Movera is growing in a market ripe for disruption, now with touchpoints across 500,000+ sale, purchase and remortgages each year.
Aosphere
Legal and compliance data subscription platform aosphere already had a global client base, but there was clear scope to grow farther and faster with investment – particularly in the US. Addressing this had been a key objective of the carve-out, which Inflexion led as a strategic partnership with incumbent parent Allen & Overy, a magic circle law firm, and Endicott, a US financial sponsor, at the end of 2023.
It’s progressing well, with revenue e growth in spite of the hard work that typically accompanies a carve-out. “In this first year we’ve really boosted the US and cross-selling focus, spending our time scaling our commercial operations,” recalls Marc-Henri Chamay, CEO and Co-Founder. “We’ve put a new structure in place and built out with dedicated sales, account management and other areas that had been lacking. We doubled the size of the commercial team including account management, revenue ops and sales people.”
Generative AI is a major area of investment for aosphere now. “It’s a no-brainer for us as it enhances our clients’ experience and improves internal efficiency,” says Marc-Henri. “For example, the marketing team of a fashion company needs to comply with global data privacy obligations and can ask our AI tool if they can send direct marketing to existing customers in Singapore. Our AI tool allows them to ask a natural-language question and receive an instant, clear answer, backed by data and references.”
Accuracy is critical for aosphere and selecting the right AI tools was not trivial.
Inflexion have introduced us to specialists who have been very helpful, including a highly experienced consultant who had worked with another Inflexion portfolio company to great effect.
It was a good match, and the consultant has proven to be a great support for this part of aosphere’s growth, getting proof of concept in less than six months and launch within 12 months. “Inflexion’s connections and expertise mean they can introduce a wonderfully valuable skilled person that is suitable for your company and drive it, rather than bring in a very large company which provides a very different service. Connecting with the right people helps you to avoid wasting time and makes projects more cost-effective. We’ll insource in time, but this external help means we can stay at the forefront of AI advancements.”
The launch of a crypto product shortly after the carve-out and an upcoming entry into the cross-border lending space for the private credit market mark further product expansion. The strategic acquisition of BRP helped broaden aosphere’s offering and grew its client base by around 50%, contributing to its continued double-digit revenue growth.
“Compliance has become far more complex, especially as businesses expand globally. Where firms once relied on bespoke advice, they’re now adopting standardised services. It’s a real mindset shift – moving from doing everything in-house to accessing sophisticated data off the shelf. This streamlines operations and is ultimately more cost-efficient,” Marc-Henri explains.
Chambers and Partners
Chambers is the global leader in the provision of independent research, data and analytics across over 200 jurisdictions, delivering detailed insight to the world's leading lawyers. Chambers’ offering empowers organisations to make the most informed decisions when selecting legal services and to optimise the management of law firms.
Inflexion acquired the business in 2018 and reinvested for a minority stake following a sale in 2023 to US Private Equity firm Abry Partners that valued Chambers at over £400 million. During the initial holding period, the sales team expanded from eleven sales FTEs at Inflexion’s investment to c. 65, driving annual sales growth of 20%.
Inflexion committed significant resource to build a digital B2B data and information services platform of scale. There had been very little tech when Inflexion acquired the business, and it went on to boast a digital-delivery proposition, helping to create data analytics and cost and carbon savings. The CTO worked to great effect with Inflexion’s Digital team on this, and it enabled the employees to be more efficient and effective as it evolved to a totally digital subscription-based product offering on a revamped platform. Chambers’ client uptake was very positive, especially in the US, and it helped to track more data and improve the company’s perception in clients’ minds as it transformed from a publishing business to a data and analytics business. Additionally, by not printing its rankings, it saved on production and global transportation, reducing carbon emissions by a staggering 76%.
The business also further penetrated the high-growth markets of China and Brazil and further accelerated growth into the US, with the latter accounting for nearly a third of FY23 bookings. Driving this growth was significant investment in the research function and the creation of a world-class sales function, as well as investment in product and tech.
More recently Chambers has further developed its data and analytics offer. New products in this space are generating significant traction. The core platform has also continued to grow strongly and expand geographically. Core growth and data & analytics have been supported by M&A, the opening of a new office in New York and strengthened leadership in the US.
Axiom GRC
The Governance, Risk and Compliance division of Marlowe plc (“GRC”) has been providing mission-critical services and software to ensure customers remain compliant with legal and regulatory standards since it was formed as a division of the group in 2019. CEO and founder Alex Dacre felt public ownership was holding back Axiom GRC’s growth ambitions and the team knew there was great potential as increasing regulations drive businesses to seek compliance solutions. As they sought an external investor to drive independence and growth, Inflexion secured the opportunity in a £430m transaction last year.
The collaboration is helping the company to thrive. “We've got a very clear strategy: we want to build this business into the leader in compliance services and software for SMEs alongside delivering brilliant enterprise solutions for larger corporate customers. We have the right market backdrop and the right investor behind us,” Alex enthuses.
Since the acquisition, an independent Axiom GRC has already completed three acquisitions, with two launching a new cyber division. “Management had identified cyber as a promising new area to go into because of industry tailwinds. So shortly after signing, we supported two acquisitions (in the UK and US) in the sector to create a new business line,” Isabelle explains. The third acquisition is a business in the UK to enhance Axiom GRC’s position in its employment vertical. This growth means that today, its business lines address enterprise risk, health and safety, HR compliance, compliance eLearning, ISO certification and now cyber compliance.
Axiom GRC is now working through a strong pipeline of further potential acquisitions, both in the UK and internationally, and believes this growth channel will be pivotal in global expansion. The management team has been strengthened with a build out of the C-suite and a new Chair, identified through Inflexion’s extensive network. The Chair brings proven experience in the tech-enabled compliance space and a track record of buy-and-build strategies, making the leadership team well supported to drive its ambitious plans. The business is also working with Inflexion’s Value Acceleration team to strengthen its data platform to improve client retention, capability and offering.
While acquisitions remain a key strategy, the immediate focus is to build up the platform by integrating the first three acquisitions and improve operational efficiencies through cross-selling and reducing complexity. The value creation plan also includes plans for launching new software and investment in sales and marketing.
Looking ahead, Axiom GRC aims to become a global leader in compliance software and services, and expanding into geographies with compatible regulatory frameworks is a priority. “It's been a highly supportive relationship, with the value acceleration team providing expert help in key areas. Together with the broader stakeholders we are focusing on one objective, and that's how can we grow this business faster and more sustainably,” Alex says.
Movera
Movera is the UK’s leading B2B tech-enabled provider of property and remortgage conveyancing services, with its 600+ people completing over 300,000 conveyancing transactions and 145,000 remortgages annually.
Movera was brought together under Inflexion ownership in 2019 to create a business that is innovative and scalable, outperforming others in an historically fragmented sector that is ripe for disruption. Inflexion’s funding initially brought ONP Solicitors together with Grindeys Conveyancing as part of the original investment. Then in 2020, Cavendish in London was brought into the Group and the business’ digital evolution accelerated through further technology investment. During the pandemic, it boosted its vertical integration strategy with the acquisitions of LMS and Conveyancing Alliance, two major players in technology and leading channel partners with direct lenders and mortgage brokers.
It has been clear that there has been no true market leader.
Movera is changing that, with Nick Hale leading the business’ transformation since 2022 as Group Chief Executive. “We are building a professionally mature business which brings together brilliant people with innovative technology and an explorer mindset,” he says Nick Hale.
In spite of its digital aims, Movera prioritises a personal approach when needed. This includes a welcome call to a new client on the first day of instruction to build rapport, set expectations, and make them feel reassured we’re on their side. The firm has also simplified the transactions for clients – communicating when they need to rather than when they don’t. The efforts have seen Movera’s NPS score soar to above 70, and earned it a Trustpilot score at 4.8, both significantly above the industry average.
Inflexion-backed investment into client-facing and fee earner software, is over £10m+ annually in the group-wide platform, helping to drive efficiency, quality and turnaround times. It’s meant Movera boasts a time to complete a remortgage, sale or purchase c. 25% lower than the wider sector.
In February 2025, the firm joined the Open Property Data Association, an organisation dedicated to setting standards for technology, data, and interoperability in the property market. “We’re revolutionising the home-moving experience, by providing digital tools and services that help make the homebuying process something to be celebrated – not tolerated. By integrating with OPDA’s open data standards, we aim to enhance transparency, reduce administrative burdens, and create a faster, more customer-friendly transaction process,” says Andrew Taylor, Chief Technology Officer at Movera.
Ambitious businesses can grow faster with the right capital and expertise, with Inflexion’s flexible funding offering minority or majority capital and access to a sizable team to accelerate growth. The Inflexion team has significant experience in supporting the growth of a number of legal technology companies of different sizes, including aosphere, Chambers, Axiom GRC and Movera. All have access to Inflexion’s value acceleration strategies of digital enhancement (including data, AI, technology, cybersecurity and digital marketing), international expansion, M&A, commercial effectiveness, sustainability and talent management.
