SJ Berwin Helps Duke Street In Insurance Law Firm Co. Buy

Law360, New York (February 6, 2012, 7:18 PM EST) -- Private equity firm Duke Street has acquired a majority stake in the Parabis Group, the parent company of insurance litigation law firms Plexus Law and Cogent Law, in a deal that may make Parabis one of the first major U.K. law firms to be owned by a private investor, Duke Street announced Monday

The transaction, which values the company at £150 million ($237,240) to £200 million ($316,320), requires regulatory approval from the Solicitors Regulation Authority, which is expected in the first quarter of 2012. Per the...
To view the full article, register now.