Private equity firm Uplift Investors made its second public investment in the personal injury law space by partnering with Kentucky firm Hughes & Coleman.
The investment announced by Uplift Thursday represents non-lawyer financers’ push into the personal injury law sector by acquiring the back office functions of multiple legal practices using a mechanism called a managed services organization (MSO). Uplift created a legal services company, Orion Legal, that allows it to invest in the growth of law firms while complying with the legal profession’s ban on non-lawyer law firm owners.
Orion is the first US management services organization to publicly …