Tue. Feb 27th, 2024

Content Assessment: Epiq Acquires Contract Management Consultancy Mainspring

Information - 91%
Insight - 90%
Relevance - 92%
Objectivity - 89%
Authority - 90%

90%

Excellent

A short percentage-based assessment of the qualitative benefit expressed as a percentage of positive reception of the recent announcement by Epiq of its acquisition of Mainspring Consulting Group.

Editor’s Note: Epiq’s acquisition of Mainspring and the expansion of its Contracts Solutions business have significant implications for eDiscovery professionals. As corporations increasingly adopt contract lifecycle management (CLM) systems and use analytics for risk and compliance, being able to effectively collect, review, and analyze contract data is essential. This expansion strengthens Epiq’s competitive positioning and ability to support corporate legal departments managing contractual risks, obligations, and disputes with sophisticated data-driven approaches. For partners like law firms and legal vendors, collaborating across the full contract data lifecycle is essential, making Epiq’s end-to-end contract management solutions extremely valuable.


Industry News

Epiq Acquires Contract Management Consultancy Mainspring

ComplexDiscovery Staff

On Tuesday, Epiq announced its acquisition of Mainspring Consulting Group, a firm specializing in contract lifecycle management (CLM) and contracts migration services. This purchase expands Epiq’s existing Contracts Solutions business, which aims to help clients improve contracting processes through technology, data, and personnel management.

According to Epiq’s senior vice president Ziad Mantoura, “Mainspring’s CLM strategy, implementation, and integration services will enable our clients to get better value from their CLM technology investments.” Epiq’s Contracts Solutions division focuses on contract review, analytics, CLM advisory and implementation, and flexible legal contracting talent.

The global 2023 World Commerce and Contracting benchmark study found that 81% of surveyed businesses now prioritize procuring contracts software, evidencing the rising demand for solutions facilitating standardized contract data, compliance automation, and accelerated timelines. Mainspring is experienced in resolving contracts workflow, procedural, and technical issues with top CLM platforms like Agiloft and Conga.

Mainspring co-founder Peter Toundaian commented that under Epiq, “clients will benefit from our combined contracts solutions expertise. Our CLM experience and consultative approach enable us to provide the best platform configuration to support our clients’ business models for any contract type.”

Epiq’s legal transformation services arm has expanded substantially since launching three years ago, with Mainspring representing its most recent addition after 2022’s acquisition of Fireman & Company. Epiq offers services in litigation, transactions, regulatory compliance, intellectual property, legal spend optimization, and analytics.

About Epiq


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