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This is interesting for me because I operate as a lawyer in Manchester advising the same SME sector that Glaisyers intend to target. And that sector is both ill-served by the larger commercial firms and tends to require personalised advice across many areas of law. But it also tends not to be volume work and is therefore is not easy to scale up and commoditise and throw AI systems or banks of paralegals at.

Also Glaisyers were primarly seen as a high street firm until a couple of years back when they split from their Longsight Office and moved upmarket - and are a relatively small outfit, so I'm not sure what if any particular expertise they bring to the small corporate sector.

Presumably outside owners will require a higher ROI than would a bank mortgage or overdraft, and also mean no equity ever for up and coming fee-earners, so if it's going to succeed it will have to rely on some sort of economies of scale, commoditisation via innovative tech (which I think is a very tough ask in this sector) or access to good quality workflow through the German owners' contacts.

We will wait to see if it changes the game as it were...