In the largest outright purchase deal to date the BGL Group, the owner of a number of businesses including price-comparison site Compare the Market, has bought personal injury specialist Minster Law.
The BGL Group has a claims management company and insurance firm in its portfolio.
The two businesses are understood to have a held a relationship for many years through the payment of referral fees for personal injury cases.
The Solicitors Regulation Authority has approved their application for an alternative business structure.
The personal injury market is seeing an increasing number of firms being bought up. Will we ever see a similar situation in conveyancing?
Will conveyancers ever be bought up by suppliers?