Phoenix law firm separates back office with $125M private equity investment
Rafi Law Group, the 11-year-old private damage law firm with its ubiquitous billboard and bus-wrapping advertising marketing campaign, has secured a $125 million private equity investment that can fund the creation of what is referred to as a administration companies group, or MSO.
In essence, the reorganizational transfer – that closed in March – splits the enterprise in half and spins out the entire firm’s non-legal back-office operations, from its IT division to HR and advertising, into a brand new entity referred to as Rafi Law Services.
Rafi Law Group stays as a authorized apply overseeing consumer illustration, with 26 attorneys, whereas about 250 different workers are actually below the Rafi Law Services enterprise mantle. Rafi Law Group ranks within the prime 50 largest Phoenix law corporations, in accordance with Business Journal analysis.