Content Assessment: Consilio Targets Global Growth with Acquisition of LOD and SYKE
Information - 92%
Insight - 90%
Relevance - 91%
Objectivity - 88%
Authority - 90%
A short percentage-based assessment of the qualitative benefit of the recent announcement by Consilio of its planned acquisition of Lawyers on Demand and SYKE.
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Background Note: Consilio, a global leader in legal technology and enterprise services, has announced its intention to acquire Lawyers On Demand (LOD) and SYKE. This acquisition not only expands Consilio’s reach into new regions but also adds a diverse and flexible talent pool of over 4,500 legal professionals. The addition of LOD and SYKE will bolster Consilio’s Enterprise Legal Services business across Europe, the Middle East, Africa, Asia, and Australia, making it an important event in Consilio’s global growth plans. The acquisition reflects the industry’s ongoing transformation as firms seek to adapt to a changing legal services environment.
Consilio Targets Global Growth with Acquisition of Lawyers On Demand and SYKE
Consilio, the global leader in legal technology solutions and enterprise legal services, announced an agreement to acquire Lawyers On Demand (LOD) and SYKE. This acquisition extends Consilio’s Enterprise Legal Services (ELS) business across Europe, the Middle East, Africa, Asia, and Australia, and amplifies its global presence.
Since its inception in 2007, LOD has built a community of over 4,500 legal practitioners providing clients with on-demand expertise across 25 countries. The practitioners include lawyers, legal engineers, and risk and compliance professionals. In 2021, LOD began its relationship with SYKE, Europe’s top legal technology consultancy, driving legal system implementations and optimization.
Consilio stands as a global force in eDiscovery, document review, flexible legal talent, and legal technology consulting services. Its presence spans across Europe, Asia, and North America, offering innovative solutions and managed services through its Consilio Complete suite of capabilities. With extensive experience in litigation, investigations, eDiscovery, and more, it operates in alignment with ISO 27001:2013 standards.
The acquisition reflects a shared vision and culture between the companies. Andy Macdonald, CEO of Consilio, highlighted the opportunities to create impactful solutions for legal teams. Simon Harper, Founder of LOD, expressed excitement about the future collaboration, while Robb Hern, SVP of Enterprise Legal Services at Consilio, emphasized the synergy between the companies.
UK private equity firm Bowmark Capital will realize its five-year investment in LOD and SYKE through this acquisition, defined by considerable growth. A roster of notable firms provided advisory services on the deal.
This acquisition marks a significant milestone in the legal industry, reflecting a growing trend toward consolidation and integration, enabling firms to respond more nimbly to the dynamic and challenging legal landscape. It’s a statement about how global legal teams are seeking to build their ideal legal function – one that is effective, agile, and aligned with the business.
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