Elevate Acquires Yerra Solutions

Yerra is the fourth legal business Elevate has acquired in four months, including legal AI technology and consultancy LexPredict, contract lifecycle management (CLM) provider Sumati Group, and UK NewLaw legal resourcing firm Halebury. Along with Yerra’s international presence and expertise, Yerra’s roster of marquee global customers was a decisive factor in this acquisition. Credit Suisse acted as exclusive financial advisor to Yerra.

Press Announcement

Acquisition of law company leader expands financial services and life sciences sector focus at Elevate.

Law company Elevate today [January 21, 2019] announced it has acquired Yerra Solutions. Elevate and Yerra will fully integrate their respective service offerings, which closely parallel each other in consulting, technology and tech-enabled managed services for law departments and law firms. The Yerra leadership team have all joined Elevate, whose combined 1,200 team members, fluent in over 20 languages, serve customers from locations throughout North America, Europe, and Asia Pacific.

Elevate CEO Lokendra Tomar commented, “Customers have told us they want consulting, technology, and tech-enabled services from one provider that has experience working with peers in their specific industries. We have built a full range of capabilities that a Global 1000 general counsel can draw upon, and we are increasingly focused on the sector-specific nuances of running a law department. Yerra’s team deepens our financial services and life sciences sector expertise.”

Yerra is the fourth legal business Elevate has acquired in four months, including legal AI technology and consultancy LexPredict, contract lifecycle management (CLM) provider Sumati Group, and UK NewLaw legal resourcing firm Halebury. Along with Yerra’s international presence and expertise, Yerra’s roster of marquee global customers was a decisive factor in this acquisition. Credit Suisse acted as exclusive financial advisor to Yerra.

“We launched our businesses around the same time to help law departments run with greater business discipline,” said Rajitha Boer, Founder, President and CEO of Yerra. “Increasingly customers asked for more services, at scale, globally. By combining with Elevate we are in a stronger position to respond to that demand and grow where our customers need us most. We share very similar business philosophies, strategic goals and corporate cultures. Together, we provide our customers a deeper team of consultants and subject matter experts, more sophisticated technology capabilities, and expanded global managed services operations.”

About Elevate
Elevate is a global law company, providing consulting, technology and services to law departments and law firms. The company’s team of lawyers, engineers, consultants and business experts extend and enable the resources and capabilities of customers worldwide. Elevate is the most-used law company according to the 2017 State of the Industry Survey published by the Corporate Legal Operations Consortium (CLOC) and has been ranked as a top global legal services provider by Chambers & Partners for four years in a row. More at elevateservices.com

About Yerra Solutions
Yerra serves the operational and technology needs of in-house legal and IP, eDiscovery, investigations and compliance organizations. The company’s offerings include consulting and technology-enabled managed services that drive operational efficiency and improved outcomes. Yerra is headquartered in Basel, Switzerland with offices in the UK, US, Singapore, Hong Kong and Poland. Learn more at www.yerrasolutions.com

Additional Reading

Source: ComplexDiscovery

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