Content Asssessment: An Investment Storm Surge? Avalon Broadens Managed Review Horizon with Tower Legal Solutions Acquisition

Information
Insight
Relevance
Objectivity
Authority

Excellent

A short assessment of the qualitative benefit of the recent announcement by Surge PE of the acquisition and addition of Tower Legal Solutons to its Avalon platform.

Editor’s Note: On August 28, 2023, Surge PE announced the addition of Tower Legal Solutions to its Avalon platform. This significant move aims to fill a critical service gap in Avalon’s offerings, particularly in managed review. The transaction was financed by Woodforest National Bank and NorthCoast Mezzanine, with advisory roles played by Kenyon Group, BakerHostetler, and Moss Adams. This development is noteworthy for professionals in the legal technology sector as it follows recent investment and consolidation patterns in the eDiscovery ecosystem, with service and software providers striving to provide a complete and comprehensive range of services.


Media Announcement Summary

Avalon Broadens Managed Review Horizon with Tower Legal Solutions Acquisition

ComplexDiscovery Staff

In a move that aligns with industry trends, Surge PE has successfully added Tower Legal Solutions to its Avalon platform, a strategic move that fills a significant service gap for Avalon. The transaction was facilitated through debt financing provided by Woodforest National Bank and NorthCoast Mezzanine. Advisors for the deal included Kenyon Group as the exclusive financial advisor to Tower, BakerHostetler as lead counsel, and Moss Adams as the diligence provider.

Avalon, known for its technology-based services such as digital forensics, cybersecurity, and eDiscovery, has found a complementary partner in Tower Legal Solutions. According to Jon Bates, CEO of Avalon, “Managed review is the one major service line Avalon was missing. Tower is an industry titan in this category, making the combination a great opportunity to expand service offerings to our respective customer bases.” He further emphasized that Avalon’s eDiscovery and cybersecurity divisions are among the company’s fastest-growing sectors.

Tower Legal Solutions, headquartered in New York City, has been in operation since 2007 and has built its reputation on a foundation of over 85 years of combined experience in the legal and staffing industries. The company specializes in a range of services, including attorney engagements, secondment, staff augmentation, managed review, project management, legal operations, contract management, and regulatory compliance. Leslie Firtell, founder and CEO of Tower Legal Solutions, stated, “The success of our business relies on maintaining relationships with the best talent we can find. By coming together with Avalon, we recognize the power of joining forces with a company that shares our standard for high-quality work and results.” The addition allows Tower to service clients who prefer end-to-end eDiscovery solutions while also catering to those who opt for standalone managed review services.

The addition of Tower Legal Solutions to the Avalon platform serves as a strategic move that not only fills a service gap for Avalon but also offers an expanded suite of services to a diverse client base. Both companies anticipate that this collaboration will spark significant growth and open new avenues for delivering critical services to professional organizations.

Read more on the acquisition.


Assisted by GAI and LLM Technologies

Additional Reading

Source: ComplexDiscovery

 

Have a Request?

If you have information or offering requests that you would like to ask us about, please let us know, and we will make our response to you a priority.

ComplexDiscovery OÜ is a highly recognized digital publication focused on providing detailed insights into the fields of cybersecurity, information governance, and eDiscovery. Based in Estonia, a hub for digital innovation, ComplexDiscovery OÜ upholds rigorous standards in journalistic integrity, delivering nuanced analyses of global trends, technology advancements, and the eDiscovery sector. The publication expertly connects intricate legal technology issues with the broader narrative of international business and current events, offering its readership invaluable insights for informed decision-making.

For the latest in law, technology, and business, visit ComplexDiscovery.com.

 

Generative Artificial Intelligence and Large Language Model Use

ComplexDiscovery OÜ recognizes the value of GAI and LLM tools in streamlining content creation processes and enhancing the overall quality of its research, writing, and editing efforts. To this end, ComplexDiscovery OÜ regularly employs GAI tools, including ChatGPT, Claude, DALL-E2, Grammarly, Midjourney, and Perplexity, to assist, augment, and accelerate the development and publication of both new and revised content in posts and pages published (initiated in late 2022).

ComplexDiscovery also provides a ChatGPT-powered AI article assistant for its users. This feature leverages LLM capabilities to generate relevant and valuable insights related to specific page and post content published on ComplexDiscovery.com. By offering this AI-driven service, ComplexDiscovery OÜ aims to create a more interactive and engaging experience for its users, while highlighting the importance of responsible and ethical use of GAI and LLM technologies.