The Octopus Group has pledged to bring the same disruptive force to legal services as it did to the energy market, after bolting on a new probate arm.
Octopus Legal Services has taken on the private client team of Cardiff-based NewLaw Solicitors, adding around 50 staff and growing headcount by a third.
The deal increases the company’s live probate and estate administration caseload by 348%, and brings together the group’s estate planning and bereavement business under the Octopus Legacy banner.
Octopus plans to use AI to handle repetitive administration at scale, allowing it to streamline and improve customer process. The business expects to grow its probate caseload tenfold within 12 months of completion without hiring any extra lawyers, using the proprietary AI platform to free up existing staff to support bereaved families.