•Project Lyra is a privately owned full-service law firm advising on commercial and corporate law, data protection, disputes, employment and family law, conveyancing and private client matters.
•Project Lyra is SRA regulated, authorised for all legal services and holds an Alternative Business Structure (ABS) licence, a valuable SRA authorisation, which is challenging to obtain, that permits non-solicitor shareholders.
•The business transferred from a predecessor LLP with a 15-year trading history into a corporate entity in March 2025.
•Project Lyra serves domestic and international clients, with a focus on East Asia, from both its central London headquarters and Hong Kong office.
•Project Lyra has an experienced management team and a 33-strong workforce, including UK-based staff and a partner in Hong Kong.
•Project Lyra’s key assets include loyal client relationships, work-in-progress and a highly experienced workforce.
•The business has historically delivered strong revenue and profit. FY25/26 trading was affected by an anticipated litigation settlement. To counteract the impact of this settlement, the company invested in lateral partner hires whose expected client followings have not currently materialised, creating cashflow and profit pressure.
•The business retains an established client base and recurring fee income. During 2026, the company completed two strategic acquisitions to broaden its offering and accelerate growth. A particular acquisition has performed well, with June billings demonstrating early success. Management expects both acquisitions to make a positive contribution to profitability.
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