Harrogate Family Law, one of North Yorkshire’s largest family law firms secures £165,000 loan to support its growth.
Harrogate Family Law, received the funding from the Northern Powerhouse Investment Fund, which is managed by Mercia Asset Management. Mercia Asset Management offers business loans to to firms to support their growth.
Harrogate Family Law stated that the funding will help to provide ‘additional working capital’ to enable them to expand the team further and in turn take on additional casework.
Andrew Meehan, Managing Director at Harrogate Family Law, said:
“After 13 years in Harrogate, we are now firmly established on the legal landscape and continue to grow on the back of referrals from satisfied clients.
We will continue to grow and build the team while ensuring we choose the right people so we can deliver the best service to our clients.”
Harrogate Family Law aren’t the first law firm to secure funding. Back in 2015 McMillan Williams, which had at the time 20 offices in London and the south of England, became the first high street law firm to take external investment after securing a £5m private equity deal.
McMillan Williams was acquired by Taylor Rose in May 2020, and has now become Taylor Rose MW.