Phoenix Law Firm Secures $125M Private Equity Deal

Rafi Law Group splits off back-office operations into new management services organization.

Apr. 7, 2026 at 4:04pm

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A minimalist, photorealistic studio still life featuring a stack of legal documents, a pen, and a gavel arranged on a clean, monochromatic background, conceptually representing the separation of a law firm's legal and business operations.A private equity investment allows a Phoenix law firm to streamline its business operations and focus on core legal services.Phoenix Today

Rafi Law Group, an 11-year-old personal injury law firm in Phoenix, has secured a $125 million private equity investment to fund the creation of a new management services organization (MSO). The reorganization will split the business in half, with Rafi Law Group remaining as the legal practice overseeing client representation, while about 250 employees in non-legal back-office roles like IT, HR, and marketing will now operate under the new Rafi Law Services entity.

Why it matters

This move by Rafi Law Group reflects a growing trend among law firms to separate their legal and business operations in order to streamline processes, improve efficiency, and attract outside investment. As the legal industry continues to evolve, more firms may follow suit in an effort to remain competitive and adapt to changing market demands.

The details

The $125 million private equity investment will allow Rafi Law Group to establish Rafi Law Services as a standalone MSO. Rafi Law Group will retain its 26 attorneys and continue to oversee client representation, while the new MSO will handle all non-legal back-office functions for the firm. This reorganization is intended to improve operational efficiency and open up new avenues for growth and investment.

  • The $125 million private equity investment closed in March 2026.
  • Rafi Law Group was founded 11 years ago in Phoenix.

The players

Rafi Law Group

An 11-year-old personal injury law firm based in Phoenix, Arizona that ranks among the top 50 largest law firms in the city.

Rafi Law Services

A new management services organization (MSO) that will handle all non-legal back-office operations for Rafi Law Group, including IT, HR, and marketing.

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What they’re saying

“This reorganization will allow us to focus on our core legal practice while leveraging the expertise of our new MSO to drive operational efficiencies and position the firm for long-term growth.”

— Unnamed Rafi Law Group spokesperson

What’s next

Rafi Law Group plans to use the $125 million investment to continue expanding its legal practice and client base, while Rafi Law Services will work to streamline and optimize the firm's back-office operations.

The takeaway

Rafi Law Group's decision to split off its non-legal business functions into a separate MSO highlights the growing trend among law firms to restructure in order to improve efficiency, attract investment, and better adapt to the evolving legal landscape. This move could serve as a model for other firms looking to streamline their operations and position themselves for long-term success.