Fri. Dec 2nd, 2022
    en flag
    nl flag
    et flag
    fi flag
    fr flag
    de flag
    pt flag
    ru flag
    es flag

    Content Assessment: XDD Acquires Paralaw

    Information - 90%
    Insight - 90%
    Relevance - 95%
    Objectivity - 90%
    Authority - 95%

    92%

    Excellent

    A short percentage-based assessment of the qualitative benefit of the post highlighting the recent acquisition by XDD of Paralaw.

    Editor’s Note: From time to time, ComplexDiscovery highlights publicly available or privately purchasable announcements, content updates, and research from data discovery and legal discovery providers, research organizations, and ComplexDiscovery community members. While ComplexDiscovery regularly highlights this information, it does not assume any responsibility for content assertions.

    To submit recommendations for consideration and inclusion in ComplexDiscovery’s data and legal discovery-centric service, product, or research announcements, contact us today.

    Press Announcement

    XDD Acquires Paralaw UK Limited to Expand Managed Reviewer and eDiscovery Services Talent Pool in UK

    Xact Data Discovery (XDD), a leading international provider of eDiscovery, data management and managed review services for law firms and corporations, announces [April 28, 2021] the acquisition of Paralaw, a UK-based legal outsourcing company providing managed review staffing, eDiscovery and contracts management services to law firms and corporations.

    The acquisition expands XDD’s UK footprint via its Anexsys brand, providing an internal pool of legal outsource talent to fulfill core managed review, eDiscovery and contracts management services in the UK region. Based in London, UK for over 20 years, Paralaw provides clients with flexible outsourced legal support to both in-house legal teams and law firms, with clients ranging from start-ups to established firms, technology providers and blue-chip household names.

    Rob Crowley, Managing Director at Anexsys states, “I am excited to add Paralaw’s portfolio of services to our business. Paralaw’s subject matter expertise in legal process outsourcing and contract management combined with Anexsys’ suite of legal technology services is incredibly exciting. Coupled with the company’s core managed review staffing capabilities, the Paralaw team will also be a valuable resource to scale short and long-term eDiscovery and contracts management engagements in the UK and European markets.”

    Murray Duncan, Paralaw’s Managing Director, adds, “We are delighted to be joining forces with Anexsys and XDD. Having worked closely with Anexsys for a number of years, we know that our shared passion for customer service provides a firm foundation for continued success. We are excited about being able to increase the range of services we can offer to our clients and provide a wealth of opportunities to our staff.”

    Bob Polus, XDD Founder and CEO, comments, “As part of XDD’s ongoing acquisition strategy, Paralaw further expands our brand, services and market reach on an international stage. The Paralaw team brings a solid reputation to the XDD table in providing advanced short and long-term legal staffing solutions.”

    The acquisition of Paralaw by XDD comes as XDD and Consilio have recently announced plans to merge, pending regulatory approval. The merger is pending forthcoming final legal contractual agreements between XDD, Consilio and representative private equity firms JLL Partners, Aquiline Capital Partners and Stone Point Capital respectively. Final branding, operational, services and financial models may adapt accordingly.

    About Xact Data Discovery

    Xact Data Discovery is a leading international provider of eDiscovery, data management and managed review services for law firms and corporations. XDD helps clients optimize their eDiscovery matters by orchestrating precision communication between people, processes, technology and data.

    XDD services include forensics, eDiscovery processing, Relativity hosting and managed review. XDD has 21 offices throughout the United States, two locations in India and one in the UK. XDD offers exceptional customer service with a commitment to responsive, transparent and timely communication to ensure clients remain informed throughout the entire discovery life cycle.

    About Paralaw

    Founded in 1997, Paralaw is an established provider of flexible outsourced legal support services to law firms, technology providers and corporates across the UK, with clients ranging from start-ups to household names. Our services include legal process outsourcing, managed document review, legal recruitment, wayleaves processing and a range of general paralegal support. Our experience, flexibility and speed of response combine to deliver real cost savings to our valued clients.   Paralaw has offices in London and Nottingham, as well as providing support on client premises.

    About Anexsys

    Operating under the XDD brand, Anexsys is a legal technology services consultancy, providing eDiscovery, digital forensics and hardcopy services to law firms, corporations, and government bodies throughout the UK and Europe. Our secure offices hold ISO9001, ISO27001 and Cyber Essential Plus certifications. We are unique in having a custom software development team, who design and implement bespoke software solutions to enhance legal processes.

    About Consilio

    Consilio is a global leader in eDiscovery, document review, risk management, and legal consulting services. Through its Consilio Complete suite of capabilities, the company supports multinational law firms and corporations using innovative software, cost-effective managed services, and deep legal and regulatory industry expertise. Consilio has extensive experience in litigation, HSR second requests, internal and regulatory investigations, eDiscovery, document review, information governance, compliance risk assessments, cybersecurity, law department management, contracts management, legal analytics, paper discovery, and digital printing, as well as legal recruiting and placement. Consilio employs leading professionals in the industry, applying defensible workflows with patented and industry-proven technology across all phases of the eDiscovery and risk management lifecycle. ISO 27001:2013 certified, the company operates offices, document review, and data centers across Europe, Asia, and North America.

    About Stone Point Capital LLC

    Stone Point is an investment firm based in Greenwich, CT, with approximately $30 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in a number of alternative asset classes, including private equity through its flagship Trident Funds. Stone Point also manages both liquid and private credit funds and managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions.

    About Aquiline Capital Partners LLC

    Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit, and healthcare. The firm has $6.1 billion in assets under management as of December 31, 2020.

    Read the original release.

    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 is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Beyond the Perimeter? The DoD Zero Trust Strategy and Roadmap

    Current and future cyber threats and attacks drive the need for...

    Balancing Spend and Standards? Cybersecurity Investments in the European Union

    According to EU Agency for Cybersecurity Executive Director Juhan Lepassaar, “The...

    Stricter Supervisory and Enforcement Measures? European Parliament Adopts New Cybersecurity Law

    According to European Member of Parliament (MEP) Bart Groothuis, “Ransomware and...

    Geopolitical Shakedowns? The Annual ENISA Threat Landscape Report – 10th Edition

    According to EU Agency for Cybersecurity Executive Director Juhan Lepassaar, “Today's...

    A Technology-Driven Solution? Integreon Announces New Chief Executive Officer

    Subroto’s people-first leadership style combined with his passion for leveraging technology...

    A Magnet for Revenue? Magnet Forensics Announces 2022 Third Quarter Results

    According to Adam Belsher, Magnet Forensics' CEO, "Our solutions address the...

    Progress and Opportunity? Cellebrite Announces Third Quarter 2022 Results

    “We are pleased to report a solid third quarter, delivering strong...

    Fueling Continued Growth? Renovus Capital Acquires Advisory Business from HBR Consulting

    "The legal industry remains in the early stages of digital and...

    An eDiscovery Market Size Mashup: 2022-2027 Worldwide Software and Services Overview

    From retraction to resurgence and acceleration, the worldwide market for eDiscovery...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for November 2022

    From cyber shakedowns and threats to the total cost of eDiscovery...

    Five Great Reads on Cyber, Data, and Legal Discovery for October 2022

    From cyber claims and data privacy to corporate litigation and the...

    Five Great Reads on Cyber, Data, and Legal Discovery for September 2022

    From privacy legislation and special masters to acquisitions and investigations, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for August 2022

    From AI and Big Data challenges to intriguing financial and investment...

    Onsite or Remote? Document Reviewer Preferences Survey (Winter 2023)

    Today CompexDiscovery expands that survey portfolio by introducing a new business...

    In The House? The Fall 2022 eDiscovery Total Cost of Ownership Survey – Final Results

    Today CompexDiscovery shares the results of a new business survey focused...

    Cold Front Concerns? Eighteen Observations on eDiscovery Business Confidence in the Fall of 2022

    In the fall of 2022, 49.0% of survey respondents felt that...

    Stereotyping Data? Issues Impacting eDiscovery Business Performance: A Fall 2022 Overview

    In the fall of 2022, 28.0% of respondents viewed increasing types...

    The Arrival of General Winter? Ukraine Conflict Assessments in Maps (November 21-27, 2022)

    According to a recent update from the Institute for the Study...

    Digging Out and Digging In? Ukraine Conflict Assessments in Maps (November 14-20, 2022)

    According to a recent update from the Institute for the Study...

    A Liberating Momentum? Ukraine Conflict Assessments in Maps (November 7-13, 2022)

    According to a recent update from the Institute for the Study...

    Rhetoric or Reality? Ukraine Conflict Assessments in Maps (November 1-6, 2022)

    According to a recent update from the Institute for the Study...