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1、LegalTech and ServicesFEBRUARY 2023Dear Clients and Friends,Houlihan Lokey is pleased to present its latest LegalTech and Services Industry Update.We have included a sector overview,recent M&A and investment themes,relevant transaction announcements,a public markets overview,and other insights to he
2、lp you stay ahead in our dynamic and constantly evolving industry.This issue spotlights enterprise legal management software and some of the key industry trends and investment themes observed in the contract lifecycle management(CLM)subsector.We hope you find this update to be an informative and val
3、uable resource.If there is additional content you would find useful for future updates,please dont hesitate to call or email us with your suggestions.We look forward to staying in touch with you.Regards,2LegalTech and Services Q1 2023 UpdateIndustry Subsector SpotlightChin PandyaDirector,BPO&Legal S
4、ervicesLos Angeles CP+1.310.789.5758Julian Moore Managing Director,Joint Head of Legal SoftwareLondonJWSM+44(0)20 7907 4219Charlie StocksManaging Director,Joint Head of Legal Software New YorkCharlie.S+1.917.751.7087Tom BattersbyDirector,BPO&Legal ServicesManchesterTom.BattersbyHL.com+44(0)161 240 6
5、424Enterprise Legal Management SoftwareLegal PracticeManagement SoftwareAttorney WorkflowSolutionsAlternative Legal Services Providers Our Coverage AreasHoulihan Lokey is a leading global investment bank with expertise in mergers and acquisitions,capital markets,financial restructuring,and valuation
6、.32,000+300+2,20035$2.3B$6.0BBusiness ServicesFinancial ServicesHealthcareConsumer,Food,and RetailEnergyIndustrialsReal Estate,Lodging,and LeisureFinancial SponsorsCoverageTechnologyCorporate FinanceFinancial RestructuringFinancial and Valuation AdvisoryEquity Capital MarketsDebt AdvisoryCLIENTS SER
7、VED ANNUALLYMANAGINGDIRECTORS(1)TOTAL FINANCIALPROFESSIONALSLOCATIONSWORLDWIDEREVENUES MARKET CAPITALIZATION(2)Our ServicesKey Facts and FiguresAs of December 31,2022;excludes Corporate MDsHoulihan Lokey is the trusted advisor to more top decision-makers than any other independent global investment
8、bank.4Global M&A TransactionsGlobal Tech M&AGlobal Business Services M&AHoulihan Lokey Transactions in the LegalTech and Services Sector has acquireda portfolio company ofBuyside Advisorhas been recapitalized M&A Advisory&Debt FinancingExclusive Sponsor Advisor&Placement Agenthas been acquired bya p
9、ortfolio company ofSellside Advisora portfolio company of has been acquired bySellside Advisora subsidiary of has been acquired bya portfolio company ofSellside Advisorhas been acquired bySellside Advisorhas been acquired bySellside Advisorhas been acquired bya portfolio company ofSellside Advisora
10、portfolio company of has acquiredBuyside Advisora subsidiary ofhas been acquired bySellside Advisorhas been acquired bya portfolio company of Sellside Advisorhas been acquired bya portfolio company ofSellside Advisorhas acquireda portfolio company ofBuyside Advisorhas acquireda portfolio company ofB
11、uyside Advisora portfolio company ofhas acquiredBuyside Advisorhas been acquired bya portfolio company ofSellside Advisor2022 M&A Advisory RankingsGlobal Transactions Under$1 BillionAdvisorDeals1HoulihanLokey3812Rothschild 3693JP Morgan2174Lazard2065Goldman Sachs 203Source:Refinitiv.Excludes account
12、ing firms and brokers.2022 M&A Advisory Rankings All Global Technology TransactionsAdvisorDeals1Houlihan Lokey1162Goldman Sachs1063Morgan Stanley794Rothschild 765JP Morgan75Source:Refinitiv.Excludes accounting firms and brokers.2022 M&A Advisory Rankings All Global Business Services TransactionsAdvi
13、sorDeals1Houlihan Lokey692Rothschild503Lincoln International374Goldman Sachs345GCG26Source:Refinitiv.Excludes accounting firms and brokers.has agreed to be acquired bya division ofSellside AdvisorTransaction PendingTo assist in the comparison and coverage of the LegalTech and services marketplace,we
14、 subsegment companies into the four categories below.Recognizing companies may fall across multiple categories,the companies placed in each category are representative examples for each subsector.5LegalTech and Services:IntroductionThe automation of legal workflows through software,technology-enable
15、d services,and data analytics to improve efficiency and reduce cost of providing legal advice and insightsLegalTech and Services SubsectorsEnterprise Legal Management SoftwareSolutions to help in-house legal departments to manage and optimize legal operations and workflows,including legal spend and
16、eBilling,legal matter management,contract lifecycle management,document management,entity management,IP management,legal hold,compliance management,search,and reportingLegal Practice Management SoftwareSolutions to help law firms manage and optimize firm operations and workflows,including practice m
17、anagement software,billing and time management software,and case management softwareAttorney Workflow SolutionsTools for legal professionals to increase efficiency in delivery of legal services and insights,including contract automation,eDiscovery software,verdict and regulatory research,AI,and adva
18、nced analyticsAlternative Legal Service ProvidersComprehensive services,traditionally offered by or procured from law firms,including litigation and investigation support,legal research,document review,eDiscovery,legal process outsourcing,IP filing and renewals,legal translation,compliance services,
19、legal staffing,settlements administration,and firm support servicesWar in Ukraine,the broad-based rise in inflation,and significant monetary policy tightening all caused market sentiment to drastically change in 2022.Deal activity experienced one of the most profound sequential changes in recent his
20、tory.A continuation of record M&A levels in 2021 resulted in 1H 2022 remaining strong,however,2H 2022 saw more than a 50%global decline in deal activity as fewer assets came to market or were able to agree on deal or financing terms.Public markets were even faster to reactthe Nasdaq was down 20%by t
21、he end of the Q1 and 30%by the end of Q2the IPO market has been effectively closed for months.“Growth at all costs”fell out of favor as investors reprioritized profitability(or clear near-term profitability)over absolute growth.Potential recession concerns coupled with the higher cash interest cost
22、decreased lender appetite to fund negative cash flow businesses.Add-on acquisitions increased as a percentage of total deals,as private equity investors focused on driving growth through synergies,new offerings,and new geographies.ALSPs,which typically have greater EBITDA,saw solid M&A activity thro
23、ughout 2022 compared to LegalTech software companies.Stabilizing debt financing marketbanks digesting overhang of mega-buyouts and debt fund inflows returningwill support a greater share of private equity platform investments(add-ons will continue to be strong but will decrease as a percentage compa
24、red to 2022).Non-bank direct lenders will be especially important in 1H 2023.Financial sponsors will return to more normalized deal activity level(not 2021s frenetic pace and not 2022s“wait and see”pace)as dry powder remains at all-time highs.Middle-market(less than$1 billion TEV)take-privates will
25、increasethe 443 non-SPAC IPOs since 2020 have declined 73%in market cap relative to IPO opening.PE-backed software companies that were expected to IPO in 2022 or 2023 may turn to M&A given continued equity capital market dislocation.Extended due diligence processes by financial and corporate buyers
26、are expected to continue in 2023,resulting in time to close reverting to longer-term norms.Technology due diligencecode reviews,completeness of prior M&A integration,new product,and enhancement roadmapswill receive heightened scrutiny.6LegalTech and Services:2022 Recap and 2023 OutlookWar in Ukraine
27、 and global monetary policy tightening resulted in a rapid reset of public market valuations and private marketinvestment priorities2022:A Rapid Reset to All Markets2023:What do We See Coming?Source:S&P Global Market Intelligence and Pitchbook.7Common Themes Across Enterprise Legal Management Collab
28、oration among software providers will increase adoption and usage by legal departments.Illustrative Enterprise Legal Software Stack“Human in the loop”will remain pivotal component of LegalTech.Legal Workflow AI Feasibility MatrixSource:Gartner“5 Legal Technology Trends Changing In-House Legal Depart
29、ments”.While non-legal professionals may not appreciate the significant variability across what is considered a legal matter,the multitude of use cases will favor software providers embracing integration and collaboration.Common for vertical software market evolution,the vision to build a singular s
30、oftware solution addressing every user need eventually gives rise to the practicality of easily integrated best-in-class point solutions that allow a customer to align their software investment with their unique workflow.Usage metrics and satisfaction will lag as organizations do not mature in techn
31、ology usage as quickly as tech is deployed.The judgment inherent in legal workflows will limit the ability for AI to fully automate legal departments.However,AI will create efficiency and job satisfaction increases across almost all legal workflows by reducing the significant time spent on repetitiv
32、e or low value-add tasks.For example,eDiscovery software has shown the most significant advances with AI automating a workflow but taking those discovery findings into a court filing will always require legal professional experience and insight.IP search remains an area in which significant human in
33、put is often required,but is increasingly being supported with AI tools;whereas patent drafting currently remains hard to automate,with AI advances like ChatGPT,it is important to monitor developments According to Gartner,less than 50%of legal departments have implemented foundational systems of rec
34、ord tools for contract lifecycle management or legal matter management.Low risk tolerance coupled with cost-saving pressure should drive increased adoption by legal departments.These“walk before run”solutions will accelerate the digital dexterity growth of an organization.Automating specific workflo
35、w inefficiencies will not be solved solely with a new software solutionlegal departments must also embrace digital transformation to get highest ROI.ALSPs provide law departments with much-needed expertise and processes to extract the benefits from legal technologies either directly(consulting and i
36、mplementation)or indirectly,via outsourced managed services.According to a recent Thomson Reuters survey,51%of law departments named“expertise”a primary driver of an ALSPs favorability compared to just 11%saying“technology”and 9%saying“value or pricing”.Combining“expertise”and“specialist knowledge”c
37、ompares to the clear leading factor for law firms,with 75%citing“expertise”.8Common Themes Across Enterprise Legal ManagementCorporates continue to under utilize proven LegalTech solutions.LegalTech Currently Used(%of Respondents)ALSPs provide the“glue”for legal departments.Brand Favorability Driver
38、s(%of Respondents)Source:Lexion“The Current State of LegalTech:Improving Efficiency with Existing Staff and New Technology as Hiring Slows”;Thomson Reuters“Corporate Law Departments want expertise from ALSPs”.41%35%31%30%25%24%21%E-Signature ToolsContract RepositoryContract CreationDocument Storage
39、SystemContract Review/RedliningContract Analytics/ReportingLegal Task Management75%5%9%11%20%51%Law Firm ExpertiseService Breadth of ALSPValue or Price of ALSPTechnology of ALSPSpecialist Knowledge of ALSPExpertise of ALSPSource:Gartner“5 Legal Technology Trends Changing In-House Legal Departments”A
40、ccording to a recent Lexion survey of legal professionals,more than 60%expect legal department head count to remain flat or decrease while 72%believe LegalTech will create efficiency.Reducing time spent on gathering inputs to a legal workflow(i.e.tracking down documents or administrative tasks)throu
41、gh automation will free legal resources to focus on the outputs and the necessary strategic advice from the workflow.According to Gartner,LegalTech spend is projected to triple from 4%of legal department spend in 2020 to 12%by 2025.The global LegalTech market is estimated to have generated$27.6 bill
42、ion in 2021 and is forecasted to be over$35.5 billion by 2027.9Common Themes Across Enterprise Legal ManagementSpend on LegalTech by law departments is expected to triple by 2025.Legal Department%of Budget for LegalTechSource:Gartner“5 Legal Technology Trends Changing In-House Legal Departments”2.6%
43、3.2%3.9%12.0%200202025Source:Lexion“The Current State of LegalTech:Improving Efficiency with Existing Staff and New Technology as Hiring Slows”;Thomson Reuters“Corporate Law Departments want expertise from ALSPs”.10ELM Systems Will Continue to Evolve to Drive EfficiencyCorporate legal dep
44、artment software enhances the workflow and efficiency of corporate legal activities across the entire organization.BUSINESS OF LAWPRACTICE OF LAWLegal Risk and Resource AnalyticsSystem(s)of Insight and AutomationSystem(s)of Operations and CollaborationSystem(s)of RecordLegal Document Management Plat
45、formContracts Lifecycle Management PlatformLegal Matter Management PlatformContracts Analytics and AutomationIP Management SystemLegal Spend AnalysisCompliance PlatformeBilling and Expense TrackingLegal Data and Research ServicesStatutes,regulations,verdicts,settlements,court opinions,and case law i
46、n searchable and usable toolsManage registrations,regulatory compliance,and related governance and compliance workflowsAnalytics and scorecards to evaluate contracts and matters,collectively and individually,across an entire organizationSoftware for document capture,ingestion,collaboration,retention
47、,version and audit controls,and template managementManage IP,brand,and domain protection,research,filing,usage,and associated workflowsLegal matter management tools manage project workflow and collaboration,and legal department workloadLegal eBilling software manages,approves,and tracks external spe
48、nd with counsel and ALSPsManage authoring,approving,analysis,and benchmarking of new and existing contractsCLM Systems Are in Early Stages of Evolution11CLM software has developed significantly,but automation and exception reporting remain key challenges.Template and clause automation,third-party an
49、d existing document analysis,eSignature,and contract retention are the most widely utilized aspects of CLM today.Rapidly advancing point solutions are enhancing capacity for greater automation of contracting However,the existing nature of legal“prose”creates complexity for AI and slows down negotiat
50、ions as interpretation of human language perpetuates inefficiency.Smart contracting will necessitate greater standardization of“prose”.Critically important for CLM,“human-in-the-loop”will always remainbusiness judgment will always be a party to negotiations.Practice of LawJul 2022HR Compliance Platf
51、ormJul 2022HR Compliance PlatformDec 2021GRC PlatformDec 2021GRC PlatformSep 2021GRC PlatformMay 2021CLM PlatformNov 2020HR Compliance PlatformSep 2020ELM PlatformJul 2020HR Compliance PlatformJan 2020Document ManagementApr 2018Document ManagementAug 2016Document ManagementJun 2016GRC PlatformJul 20
52、15ELM PlatformBusiness of LawJan 2022Legal Spend Management PlatformApr 2021Legal Spend Analytics and BenchmarkingJun 2020Legal Spend AnalyticsMar 2016Legal Spend Management PlatformAug 2015Legal Spend and Matter Management Platform12Mitratech has pursued a consistent M&A growth strategy through the
53、 addition of best-in-class point solutions.This strategy has been supported by each of the four financial sponsors that have been the lead investor over the past decade.ELM Consolidation Driven by Platforms Adding CapabilitiesSource:Company Website,Press Release,Industry ResearchBusiness of LawSep 2
54、021Legal Spend and Matter ManagementSep 2021Legal Spend Analytics and BenchmarkingMay 2019Legal Spend and Matter Management and BenchmarkingPractice of LawJan 2022Contract Lifecycle Management PlatformJan 2020Document Automation PlatformNov 2020Contracting AI Platform13Onit has pursued a balanced M&
55、A growth plan to augment its core expertise in legal spend management,legal matter management,and contract lifecycle management.ELM Consolidation Driven by Platforms Adding Capabilities(cont.)Source:Company Website,Press Release,Industry ResearchAI Tools14Select Enterprise Legal Management M&A Trans
56、actionsThe transactions below represent a select list of relevant deals across the enterprise legal management sector and highlight some of the themes driving investment and consolidation in the industry.Sources:S&P Capital IQ,Press releases.Deals advised by Houlihan LokeyAcquirerTargetSubsectorDate
57、Houlihan Lokey DealsPractice of LawPatent AnalyticsFeb-23Legal Information and DataNov-22Contract AutomationNov-22Contract Lifecycle ManagementJul-22Regulation and ComplianceJul-22Contract CreationMay-22Patent ManagementFeb-22IP MonitoringJan-22Document ManagementJan-22Regulation and ComplianceNov-2
58、1IP ManagementJun-21Document ManagementMay-21IP ManagementMar-21Legal TranslationMar-21eSignatureMar-21Business of LaweBillingJun-22Legal Matter ManagementMar-22Spend Analysis and ReportingJan-22Spend Analysis and ReportingJan-22Spend Analysis and ReportingSep-21Spend Analysis and ReportingSep-21Sel
59、ectAssetsPublic Markets Trading Multiples OverviewLegalTech and Services 15Revenue growth,EBITDA and other projections are based on S&P Capital IQ consensus estimate data points as of December 30,2022.TEV/2023E RevenueTEV/2023E EBITDA2.6x4.6x1.2x4.4x4.1x5.6x10.8x3.0 x6.0 x1.9x8.8x4.9x2.2x4.6x1.0 x4.
60、1x4.1x4.8x8.3x2.9x5.4x1.8x8.4x4.7x2022E2023E33.9x11.2xNM19.6x7.5xNMNM8.5x16.0 x8.3x25.215.2x18.1x10.9xNM18.0 x7.0 xNM41.2x7.8x14.2x7.9x21.7x14.5x2022E2023ER=0.70740.0 x5.0 x10.0 x15.0 x20.0 x25.0 x30.0 x35.0 x40.0 x45.0 x0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%TEV/2023E EBITDA2023/24E Revenue GrowthVa
61、luation Multiples Correlated to Future Revenue Growth 16Expectations for future growth have the highest correlation to public market trading multiples.Revenue growth,EBITDA and other projections are based on S&P Capital IQ consensus estimate data points as of December 30,2022.(1)CS Disco and Intapp
62、are not a part of the analysis due to negative EV/2023E EBITDA values.17Public Company Comparable Comparison DetailsPublicly Traded LegalTech and Services Providers($in millions,except per-share prices)As of 30 Dec.2022.%of 52-Total2023ETEV/Company NameStock PriceWeek HighEquity ValueEnterprise Valu
63、eRevenueGross MarginEBITDAEBITDA MarginFCFConversion(1)Net DebtNet Debt/EBITDA2023E EBITDA2023E RevenueCellebrite DI Ltd.$4.3686.3%$826.7$697.7$315.780.8%$38.512.2%76.6%($257.1)N/M 18.1x2.2xClarivate Plc8.3433.6%5,623.312,044.42,634.566.7%1,106.542.0%86.1%5,062.84.6x10.9x4.6xCS Disco,Inc.6.3215.5%37
64、3.1160.3155.574.1%(49.9)(32.1%)N/M(139.9)2.8xNM1.0 xDocuSign,Inc.55.4235.2%11,143.510,979.92,693.381.6%611.422.7%85.3%(1,365.9)N/M 18.0 x4.1xDye&Durham Limited12.1235.8%805.61,493.9366.0NA 212.858.1%99.5%NAN/M 7.0 x4.1xIntapp,Inc.24.9489.2%1,571.31,712.2358.4NA 6.71.9%31.7%NAN/M NM4.8xMagnet Forensi
65、cs Inc.27.4584.2%1,127.91,050.4126.293.0%25.520.2%90.3%(148.9)N/M 41.2x8.3xOpen Text Corporation29.6461.2%7,903.510,417.23,650.0NA 1,336.636.6%93.3%NAN/M 7.8x2.9xRELX PLC27.5792.5%52,642.360,817.511,356.265.4%4,283.737.7%87.2%7,297.31.7x14.2x5.4xRWS Holdings plc4.5356.5%1,762.31,732.4963.5NA 218.322
66、.7%73.8%NAN/M 7.9x1.8xThomson Reuters Corporation114.1396.6%54,881.958,348.86,923.538.6%2,689.038.8%84.4%2,798.41.0 x21.7x8.4xWolters Kluwer N.V.104.4887.8%25,999.528,367.86,046.971.4%1,961.532.4%81.4%2,685.81.4x14.5x4.7xMedian$1,799.072.7%$414.927.6%85.3%$1,273.01.7x14.3x4.3xMean$2,965.871.4%$1,036
67、.724.4%80.9%$1,991.62.3x16.1x4.3x(1)FCF Conversion defined as(EBITDA-CapEx)/EBITDA.For companies whose capex is unavailable for the respective period,FCF conversion is calculated using capex figures as of the prior quarter.Revenue growth,EBITDA and other projections are based on S&P Capital IQ conse
68、nsus estimate data points as of December 30,2022.Recent LegalTech and Services TransactionsEnterprise Legal Management Software18Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionDec-22ERM GroupLibryo Ltd.Platform to help compliance professionals and in-house lawyers alleviate their l
69、egal research work by enabling clients to understand their legal obligations by specific locationsDec-22DropboxFormSwiftPlatform to streamline corporate documents;offers pre-built templates for legal documents,forms,and contracts that can be customised and populated through editing tools by usersNov
70、-22Karnov Group ABThomson Reuters and Wolters Kluwers AssetsLegal information and data businesses of Thomson Reuters in Spain,and Wolters Kluwer in Spain and FranceNov-22SirionLabsZendocAI-powered contract automation platform providing alerts about deadlines and clauses in order to provide actionabl
71、e data,control,and visibilityAug-22OpenTextMicro Focus InternationalEnterprise software provider delivering mission-critical technology and supporting services that help customers manage core IT systemsJul-22Leeds Equity;Coller Capital;GlendowerExterroGRC software platform that automates the complex
72、 interconnections of privacy,legal operations,digital investigations,cybersecurity response,compliance,and information governanceJul-22PrivitarKormoonLegal technologies designed to automate the decision-making process related to data governance by using artificial intelligence and expert knowledgeJu
73、l-22MitratechAssureHireOnline background screening system designed to complete background checks faster and assuring complianceJul-22DiliTrustHyperLexContract management and discovery platform designed to manage all the contracts of a businessJul-22FolkeinvestCaplistLegal software platform to run se
74、cure and efficient digital general meetings to ensure stakeholder managementJun-22Shanghai Yunqi Investment Management Co.,Ltd.One Contract CloudDevelops contract management software offering contract template,contract drafting,contract approval,contract signing,and contract changes solutionsJun-22I
75、ntappBillstream(Wilson Allen)Provider of billing automation solution intended to help businesses automate their billing processMay-22Tiger Global;Avatar Growth Capital;Sequoia Capital;Partners GroupSirion Labs Private Ltd.Provides SaaS-based enterprise post-signature contract management solutions,su
76、ch as contract repository and automated invoice reconciliationMay-22LexisNexisParley ProProvides contract lifecycle management(CLM)solutions,such as contract request,drafting,negotiation,and signature and post-signature managementMar-22Main Capital Partners B.V.Blika Solutions ABDevelops tax and leg
77、al management SaaS software solution,such as entity management,contract management,document generator,and filing trackerMar-22G Squared;G2VP,LLCLinkSquares,Inc.Provider of AI-powered contract and legal document analytics tool offering crisis management,contract review,and compliance solutionsMar-22E
78、urazeo SE;Cathay Capital Private Equity;Sagard HoldingsDiliTrust SASProvides SaaS-based software solutions,such as contract management,legal entities management and centralized management of legal areasRecent LegalTech and Services TransactionsEnterprise Legal Management Software(cont.)19Sources:S&P
79、 Capital IQ,PitchBook.AcquirerTargetTarget DescriptionFeb-22Empire Technologies Risk Management GroupPalmeiro&Platt Law FirmAcquired cybersecurity and data protection practice of Palmeiro&Platt Law FirmFeb-22Red Dot Capital;Vintage Ventures;Shasta Ventures;Aleph VentureAnecdotes AI Ltd.Develops a Sa
80、aS enterprises class compliance platform offering data evidence collection solution to automate evidence collectionFeb-22MLM 2 and Warburg PincusMinesoftProvider of global patent search software and information services Feb-22team.blueIubendaOffers products and services such as privacy and cookie po
81、licy generator,cookie solution,consent solution,and internal privacy managementFeb-22Lexly ABLegalHeroProvides online legal advisory platform where companies can create cases and receive legal advice online from a curated selection of legal expertsJan-22Alt LegalTowergateProvides intellectual proper
82、ty monitoring,reporting,and data feed services to law firms and organisationsJan-22SAP SEIcertis,Inc.Develops a cloud-based contract management platform that manages sellside,buyside,and corporate enterprise contractsJan-22Vista Equity Partners ManagementBigTime Software,Inc.Develops cloud-based pla
83、tform offering time-tracking,billing,resource management,and project management for professional services firmsJan-22MitratechQuovantOperates as a legal-spend management software that provides analytics,engagement visibility,and managed services to legal professionalsJan-22Eight Roads;Union Square;S
84、eedcamp Investments;Point NineJuro Online LimitedDevelops a SaaS-based contract management software that helps legal and business users to agree and manage contracts in one unified workspaceJan-22OnitSecureDocsProvides cloud-based business software that helps companies store and share critical busin
85、ess documentsDec-21Golub Capital;Meritech Capital;StepStone;Signal PeakFilevine,Inc.Provides case management,lead management,document management,contract management,business analytics,and eSignatures solutionsDec-21MitratechContinuityProvides regulatory technology services to automate compliance man
86、agement for banks,credit unions,and financial institutionsDec-21LexisNexisClosdProvides legal project management solutions,such as automated workflow management,secure document sharing,data rooms and electronic closingDec-21MitratechIntegrum Management SystemsProvides integrated management services
87、solutions in health and safety,risk,quality,environmental,training,document,and complianceRecent LegalTech and Services TransactionsEnterprise Legal Management Software(cont.)20Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionDec-21Arteria AIH4Operates as a provider of a contract lif
88、ecycle management platform,offering digital repository,online collaboration,and contract migration solutionsNov-21MyCase,Inc.Woodpecker(US)Provides an AI-enabled tool to automate legal document drafting through automated population of data,document generation,and custom templatesNov-21Gemspring Capi
89、tal LLCAINS,Inc.Provides case management,human capital management,contract lifecycle management,governance,and risk and compliance solutionsNov-21Plum Ventures;Blue Lake CapitalOne Contract CloudDevelops contract management software offering contract templates,contract drafting,contract approval,con
90、tract signing,and contract changes solutionsNov-21SmarshMicro Focus International DigitalSafe BusinessOffers compliance,data surveillance,social media governance,and compliance review to meet all SEC,FINRA,IIROC,GDPR,and other regulatory requirementsNov-21TPG;HIG Growth Partners;Capital G;Menlo Vent
91、ures;Andreessen Horowitz;K9 VenturesEverlawProvides cloud-based eDiscovery software offering early case assessment,legal holds,trial preparation,data privacy,and matter management solutionsNov-21Entreda,Inc.Privva,Inc.Develops and offers cloud-based vendor risk assessment platform to law firms,acade
92、mic institutions,and healthcare technology companiesOct-21Scanmarket A/SSymfact AGProvides enterprise compliance management solutions,such as contract management,risk management,legal entity management,and IP managementOct-21VR Ventures Management GmbHContractHero GmbHDevelops a SaaS based contract
93、management software offering central digital contract filing system to archive digital contracts;and lease management softwareOct-21CellebriteDigital CluesOperates as a omnichannel digital intelligence platform that offers open-source intelligence tools,such as probot,profound,and profilerSep-21Onit
94、BusyLampOperates as a legal spend and matter management platform that offers legal advice,automated budget notifications,reports and legal analytical servicesSep-21Noro-Moseley Partners;TDF Ventures;Osage Venture PartnersMalbec Solutions,Inc.Offers contract management and quote management solutions,
95、such as contract redlining,negotiation,review,repository,and eSignature executionSep-21MitratechAlyneProvides risk management software that offers cybersecurity,risk management,and compliance capability servicesSep-21Recurring Capital PartnersHanzoProvides in-house control over dynamic and collabora
96、tive data sources to corporate legal and compliance teamsSep-21OnitBodhalaOperates as a legal spend management platform that gathers data around attorneys performance,experience,and referrals with counsel optionsRecent LegalTech and Services TransactionsEnterprise Legal Management Software(cont.)21S
97、ources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionAug-21BlackRockMorae Global Corp.Provides digital and business transformation solutions,such as discovery services,document management,legal hold,and compliance services for the legal industryAug-21Insight Venture Management,LLC;AirTree
98、 Ventures Pty.Ltd.LawVu Ltd.Provides software offering matter,contract,spend,knowledge and document management,and analytics and reporting solutionsJul-21Ipro Tech,LLCZyLAB,Inc.Provider of legal discovery platform covering legal hold,collection and processing,legal discovery workflow,and legal data
99、analytics solutionsJun-21Litify,Inc.LegalStratusProvides enterprise legal management system offering legal matters management and financial and analytics to lawyers and legal professionalsJun-21Picus Capital Management;Kalaari Capital Advisors;Arka Venture LabsSimplicontract Technologies Private Ltd
100、.Develops a contract management platform covering the lifecycle,from request to renewal and all types of contractsJun-21CorsearchIncoproOperates as a online IP and brand protection software provider that helps brand owners with actionable intelligence related to IP and copyright infringementsJun-21S
101、orenson Capital;Xerox Holdings;Catalyst Investors;Bottomline Technologies;MassMutual Ventures;First Ascent Ventures;BGV ManagementLinkSquares,Inc.Provider of AI-powered contract and legal document analytics tool offering crisis management,contract review,contract storage,and compliance solutionsJun-
102、21Nordic Eye Venture CapitalContractZenProvides governance software for advanced contract management,board meeting management,entity management,eSignature,and virtual data managementMay-21Future Energy Ventures;British Business Investments;NextLaw LabsLibryo Ltd.Develops regulatory compliance manage
103、ment softwareMay-21MitratechContract Room,Inc.Provides an enterprise cloud-based negotiation and contract management platformMay-21MitratechAdvanceLawSpecialises in identifying lawyers and law firms through its in-house legal teams May-21Shasta Ventures Management,LLC;AirTree Ventures Pty.Ltd.LawVu
104、Ltd.Provides software offering matter,contract,spend,knowledge and document management,and analytics and reporting solutionsMay-21AnaquaSeeUnityDeveloper of content integration,sync,and migration software products catering to various types of business applicationsRecent LegalTech and Services Transa
105、ctionsEnterprise Legal Management Software(cont.)22Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionMay-21IntappRepstorProvides data management software as a service,as well as offers backup and recovery,cloud archiving,disaster recovery and data migrationApr-21Thomas BravoProofpoint
106、Operates as a cybersecurity and compliance company offering email security&protection,threat protection,cloud security and compliance&archivingApr-21OMERS Private Equity;G Squared;M12;One Peak Partners;Altos Ventures Management;Rembrandt PartnersPandaDoc,Inc.Provides document workflow automation pla
107、tform that enables users to create sales documents,employ quoting,get eSignatures and automate workflowMar-21HenQ Capital Partners B.V.;Kima Ventures SASLeeway SASDevelops contract management software offering contract monitoring,visibility and control and contract collaboration to in-house legal de
108、partmentsMar-21Ironclad,Inc.PactSafe,Inc.Provides contract management and electronic signature solutions for large and small businessesMar-21Parkwalk Advisors Ltd.;Perivoli InnovationsLegislate Technologies LimitedProvides software platform offering contract management,create agreement,automated ins
109、ights and contract lifecycle management solutionsMar-21Silver LakeRelativityProvider of eDiscovery and enterprise legal software solutions such as early case management,data privacy,legal holds and patent searchMar-21Ontario TeachersMitratechProvides web-based enterprise legal management solutions s
110、uch as matter management,spend management,eBilling,legal hold,and contracts managementFeb-21Meritech Capital;Headline;Greycroft;Premji Invest;B Capital Group;PSP GrowthIcertis,Inc.Develops a cloud-based contract management platform that manages sell-side,buy-side and corporate enterprise contractsFe
111、b-21AnaquaQuantify IPProvider of intellectual property(IP)cost estimation software that gathers IP cost data and combines them into its product lineFeb-21RLDatix Ltd.Ecteon,Inc.Provides contract management services,including strategic planning,implementation,training and support servicesJan-21Peak C
112、apital B.V.Precisely ABOperates as a legal tech company that develops cloud-based automation software for contract managementJan-21BONDIroncladProvides contract lifecyle management platform to handle all contract types legal,sales,finance,HR,marketing and procurementJan-21QuesteldoeLEGAL,Inc.Operate
113、s as an enterprise legal management and eDiscovery legal technology companyJan-21RelativityVerQuOperates as a data management software company that helps organizations migrate and capture communication data for record retention and complianceRecent LegalTech and Services TransactionsLegal Practice M
114、anagement Software23Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionOct-22STP Information TechnologyRummel SoftwareInsolvency software intended to serve lawyers,notaries,and insolvency administrators.Sep-22ActionstepLawMasterLegal resource management(LRM)software solution intended f
115、or law firms of all sizes to help in report generation and task facilitationAug-22BigHand LimitedDigitory LegalCost analytics and practice management software focused on bringing data-driven pricing and cost prediction to law firmsAug-22Litera Corp.Micron SystemsTalent management software designed f
116、or legal and accounting professions to streamline the lifecycle of recruiting,continuing education,performance review,and work allocationAug-22Litera Corp.BigSquareBusiness analytics software for law firms and corporate legal used to analyse and visualize financial data onto an elegant,highly config
117、urable financial intelligence dashboardJul-22Dye&DurhamKeyHouseRisk and case management software technology designed to serve legal firms with customised workflowsJul-22FullFunnelPractice AlchemyLegal marketing strategy and tracking for new business and brand developmentJun-22Wolters Kluwer Legal,Ta
118、x&Regulatory EuropeLevel Programs S.L.Designs,develops,and provides legal practice management software solutions to lawyers,solicitors,advisors,company,or administration legal departmentsJun-22AnaquaPractice InsightProvider of business intelligence software that offers time zone handling,auto activi
119、ty tagging,and automated timekeeping for law professionalsJun-22AffiniPay,LLCMyCase,Inc.Develops legal practice management software solutions,such as client communications,tracking billing cycles,case management,and lead managementJun-22Surepoint TechnologiesCoyote Analytics LLCDevelops and operates
120、 a legal software that offers financial management solutions to law firmsMay-22MyCase,Inc.DocketwiseProvides immigration software platform and case management solutions,which include case tracking,workflows,two-way text messaging,and billingMay-22Magnet ForensicsComae TechnologiesOperates as a cyber
121、security company that specialises in cloud-based memory analysis used to recover evidence from the volatile memory of devicesApr-22Resurgens Technology Partnersi-Sight SoftwareDevelops and provides web-based case management solutions for incidents and investigationsApr-22LegalTech,LLCLollyLawProvide
122、s legal practice management software solutions for immigration law or related areasMar-22ClioProof TechnologyDeveloper of a mobile application to deliver time-sensitive legal documents,real-time tracking,and electronic proof-of-serviceRecent LegalTech and Services TransactionsLegal Practice Manageme
123、nt Software(cont.)24Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionFeb-22Surepoint TechnologiesCole Valley SoftwareOffers contact ease cloud,CRM lookup,financial system integration,outlook integration,and implementation servicesFeb-22SoftplanSAJ ADV Sistemas Ltda.Provides legal sof
124、tware for integrated management specially developed for law firms,departments,and public bodiesFeb-22BigHand Ltd.Iridium Technology LLCDevelops a platform that offers business intelligence(BI),financial analytics,and timekeeping solutions for legal and professional services firmsJan-22Litera Corp.Pr
125、osperowareDeveloper of privacy and regulatory compliance platform to ensure compliance and drive real business value for the digitised legal industryJan-22Litera Corp.Lynch MarksDeveloper of shipping management software that specialises in shipping,invoice processing and package trackingDec-21B.Rile
126、y Securities,Inc.Exela Technologies,Inc.Provides transaction processing solutions,enterprise information management,document management and digital business process services Nov-21MyCase,Inc.SolunoOffers workflow-based productivity software,enabling law firms to move from underinvested legacy deskto
127、p accounting systems to cloud-based softwareNov-21MyCase,Inc.CASEpeerProvides case management software that offers features such as leads and conversions,tasks,calendaring,settlement negotiations,and litigation trackingOct-21Francisco Partners Management,L.P.LegalTech,LLCDesigns and develops a suite
128、 of legal software,such as law practice management software,time tracking and billing software,and an online payments platformOct-21Francisco PartnersParadigmProvider of practice management software and integrated payments to the legal industrySep-21ClioLawyawProvider of legal document automation pl
129、atform designed to enable legal professionals to streamline the document-intensive part of their workAug-21ClioCalendarRulesSpecialises in creating calendar events based on court deadlines and offers other features,such as date calculator,docket calculator,and docket researchAug-21CMIA Capital Partn
130、ers;Wavemaker Partners;M Venture PartnersTessaract Technologies Private LimitedProvides workflow automation platform offering business management,law practice management,insurance software,and accounting practice managementAug-21Mainsail Management Company,LLCCenterbase,Inc.Develops and offers pract
131、ice management software for law firms focusing on document management,time-keeping,and business developmentAug-21Litera Corp.Concep Ltd.Provider of digital marketing software that offers customer relationship management(CRM)integration,email marketing surveys,and content automationAug-21Litera Corp.
132、Kira SystemsProvider of AI-driven contract analytics software that enables users to reduce the time spent on document review,identifies and extracts provisions,and data pointsRecent LegalTech and Services TransactionsLegal Practice Management Software(cont.)25Sources:S&P Capital IQ,PitchBook.Acquire
133、rTargetTarget DescriptionJul-21AbacusNextZola SuiteProvides fully integrated legal practice platform that offers matter management,document automation,time and billing,and settlement managementJul-21ProfitsolvTabs3Provides software products for law firms and legal professionals,ranging from billing
134、to practice management,check writing to general ledger,and trust accountingJul-21Litera Corp.Objective ManagerProvider of strategic planning,performance management,and talent engagement software primarily for law firmsJul-21Dye&DurhamGlobalX Infromation ServicesProvides cloud-based software solution
135、s,including business regulatory information,practice management software,electronic contracts,and legal support servicesJun-21Access UK Ltd.Select Legal Systems Ltd.Provides legal software solutions,such as practice management,case management,document management,and litigation cost managementJun-21A
136、quiline Capital Partners LLC;ParkerGale,LLCSurepoint TechnologiesProvides financial,time management,and practice management software to law firmsMay-21Sandline Discovery24legalProvides consultation,implementation,and management of document management platforms,as well as law firm management platform
137、s like CLIO PMSMay-21Warburg PincusNetDocumentsProvides cloud-based content services and productivity platform for law firms,corporate legal teams,and compliance departmentsApr-21OMERS Private Equity;T.Rowe Price Associates,Inc.Themis Solutions Inc.Develops legal practice management and client intak
138、e software solutions,such as billing,case management,contact management,and document managementApr-21CDPQ;Neuberger Berman;Viking Global Investors;Atreides ManagementDruvaProvides protection and management software solutions for the cloud dataApr-21Litera Corp.ClocktimizerProvider of business intell
139、igence software that specialises in providing insights that enable law firms to improve their pricing,control budget,and scopeApr-21T.Rowe Price Associates;OMERS Growth EquityClioProvides legal practice management,document automation,client intake,and CRM software solutionsMar-21KrollRedscanProvides
140、 services and digital products related to valuation,governance,risk,and transparencyMar-21Thomas H LeeAbacusNextProvider of practice management software for legal,accounting,and compliance firmsFeb-21Litera Corp.DocsCorpProvider of hybrid SaaS-based software solutions,such as redaction,document fili
141、ng,metadata removal,document processing,and PDF manipulationFeb-21Opus2 InternationalBar SquaredProvides chambers management software that streamlines and automates billing to improve cash flowRecent LegalTech and Services TransactionsLegal Practice Management Software(cont.)26Sources:S&P Capital IQ
142、,PitchBook.AcquirerTargetTarget DescriptionFeb-2170Ventures;Iron Wolf Capital,UAB;Corvus Ventures;Next Road VenturesAmberlo Ltd.Provides law practice management software to manage legal billing,contacts,matters,case,documents,legal calendar,rates,and trust accounting for law firmsJan-21Litera Corp.F
143、oundation Software GroupProvider of software for large law firms that includes integrated applications for experience management,expertise location,and client managementRecent LegalTech and Services TransactionsAttorney Workflow Solutions27Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget Descri
144、ptionOct-22RevealTechnically CreativeProvider of IT services to automate and unify governance and compliance Oct-22BorneoPridatectOnline legal platform designed to offer general data protection regulation compliance servicesSep-22Gansel RechtsanwalteAdvocadoOnline legal advisory platform designed to
145、 offer advisory services on any legal issueSep-22Waterland Private EquityIpsilonOperator of intellectual property(IP)law firm intended to serve large companies,SMEs,startups,and public service players.Sep-22Oakley CapitalvLexLegal information platform designed to offer legal content for all countrie
146、s via publishers who create legal content as well as through technologies that help users extract specific information from legal documentsAug-22RelativityHeretikContract review application designed to explore contract data for risks,obligations,and opportunities to turn contract data into valuable
147、insightsAug-22LexisNexisCaselex B.V.Merger control intelligence platform catering to lawyers,CAs,courts,competition authorities,and companiesJul-22DeelLegal PadDeveloper of legal software intended to simplify the workflows for processing work visa applications for employers,their lawyers,and potenti
148、al candidatesJun-22AnaquaWiseTimeProvides enterprise-grade autonomous timekeeping solution for legalJun-22SyntheiaMotionizeOffers a Microsoft Word add-In that improves access to knowledge and provides drafting guidance to transactional lawyersMar-22Thomson ReutersThoughtTraceProvides document unders
149、tanding and contract analysis platform that allow user to read,organise,and manage the document workflowMar-22David Marroso;Esq.;Dr.Andrew Langroudi;Gregory MazaresModeOne TechnologiesDevelops SaaS tool to help litigation services providers automate the remote collection and analysis of mobile data
150、stored on smartphonesFeb-22DISCO Hold360 and Request360 from Congruity 360Provides legal workflow products and regulatory and alert solutionsFeb-22Law Business Research Ltd.Worldwide Legal ResearchOffers information services to the international legal community,which includes international corporati
151、ons,government agencies individuals,and law firms Jan-22Aderant;RoperAmerican Legal NetProvides court forms,e-filing,calendaring,and docketing solutions to the legal firmsRecent LegalTech and Services TransactionsAttorney Workflow Solutions(cont.)28Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarg
152、et DescriptionDec-21Clifford Chance;Ventech;Latham&Watkins;Forefront Venture PartnersReynen Court Inc.Operates a platform to support law firms to deploy legal tech tools,such as contract analysis,discovery,and practice managementDec-21G Squared;UiPath VenturesairSlate Inc.Designs and develops a work
153、flow automation platform that offers no-code workflow automation,electronic signature,and document management solutionsNov-21BrightflagJoinderProvides system of record that helps legal professionals to securely track activities,collaborate with colleagues,and store work assetsOct-21Sterling National
154、 Bank and Bigfoot CapitalNextpointProvides cloud-based technology that automates litigation workflows for all matters from eDiscovery to trialOct-21iCONECTAyfie Inspector AI Code Base from Ayfie GroupProvides search and text analytics solutions through its text analytics engine to detect personally
155、identifiable information and power security practice workflowsAug-21TWC Tech HoldingsCellebriteProvides digital intelligence platform and solutions that transform how customers collect,review,analyse,and manage data in legally sanctioned investigationsAug-21CloudNineESI AnalystProvides metadata anal
156、ysis tools that provide intelligent link analysis,data visualisation,reporting,and review of multiple disparate forms of modern dataAug-21Law Business Research Ltd.Docket NavigatorProvider of patent litigation database that maintains a database of trademark,copyright,antitrust litigation activities,
157、and patent infringement investigationsJun-21The Riverside CompanyCloudLex,Inc.Operates a cloud-based legal platform for trial lawyers offering proactive matter management,calendaring,document management and storage,and conflict checkJun-21Crest Rock Management Company LPCloudNineDevelops cloud-based
158、 eDiscovery platform that offers preservation and collection,legal hold notification,data ingestion,and early data assessment solutionsMay-21DocuSignClauseOperates as a smart agreement provider that helps automate tasks,such as sending notifications,updates of contract status,and compliance checksMa
159、y-21FilevineOutlawProvides end-to-end contract platform that reinvents the entire process from legal authoring to document generation,negotiation,and signingApr-21ToppanSmashDocsProvides web-based document collaboration tool that allows users to create,review,and negotiate documentsMar-21Astorg Asse
160、t Management;Five Arrows ManagersOpus 2 InternationalProvides integrated software and services used in legal disputes,including court reporting and real-time transcription,as well as virtual hearing servicesJan-21K1 Investment ManagementReveal Data Corp.Provider of AI-powered eDiscovery platform off
161、ering processing,early case assessment,review,and infrastructure solutionsRecent LegalTech and Services TransactionsAttorney Workflow Solutions(cont.)29Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionJan-21K1 Investment ManagementBrainspaceProvider of visual analytics for eDiscovery
162、 and investigationsJan-21General Catalyst;Morgan Stanley Private Equity;Highsage VenturesairSlate Inc.Designs and develops a workflow automation platform that offers no-code workflow automation,electronic signature,and document management solutionsJan-21Fastcase,Inc.CasemakerProvider of legal resear
163、ch information,such as federal supreme,circuit,district and bankruptcy court decisions,case laws,practice guides,and coursebooksRecent LegalTech and Services TransactionsAlternative Legal Services Providers30Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionNov-22LexitasAdvancedOne Le
164、galProvider of technology-focused legal services,including court reporting,real-time reporting,streaming video depositions,comprehensive case management,and transcription servicesNov-22U.S.Legal Support,Inc.Summit Court ReportingProvider of court reporting services based in Philadelphia,Pennsylvania
165、 offers remote and onsite coverage,court reporting,depositions,videotape depositions,and rough draftsNov-22Renovus CapitalHBR Consulting Advisory BusinessProvider of consultancy services intended to serve law firms and corporate law departments.Nov-22LexitasDepo InternationalProvider of technology-e
166、nabled litigation support services,including court reporting,video conferencing,records management,legal videography services,and trial consulting servicesOct-22Odyssey Investment PartnersMagna Legal ServicesProvider of litigation support services to law firms,corporations,and governmental agencies,
167、including court reporting,jury evaluation and consulting translation,video,graphic design,and record retrieval servicesSep-22Surge Private Equity Avalon Document ServicesProvider of litigation services across the US,including substrate printing,plan and spec printing,online bid distribution,and appe
168、llate publishing servicesSep-22Converge Technology SpecialistsTiger Eye ConsultingProvider of IT consulting services for professional services firms specialised in technical knowledge software solutions,custom development services,technical support,and trainingSep-22CloudMentorBeSpokeanProvider of I
169、T and cloud services catering to law firmsSep-22HaystackIDBusiness Intelligence AssociatesProvider of multiple litigation technology services,including data collection,advanced analytics,and document reviewSep-22LegalEase SolutionsCLM GurusFull-service CLM solutions provider for corporate law depart
170、ments,offering CLM vendor selection and implementation services,contract review and abstraction,and workflow developmentAug-22UndisclosedArcher SystemsProvider of litigation and settlement services,including lien resolution,bankruptcy and probate coordination,qualified settlement fund,and accounting
171、 services,as well as pre and post-settlement servicesAug-22Veritext Legal SolutionsCady Reporting ServicesProvider of full range of court reporting and litigation support services across OhioAug-22Veritext Legal SolutionsParise&AssociatesProvider of court reporting,videoconferencing,and litigation s
172、upport services intended to support attorneys,paralegals,and legal assistantsJul-22Renovus CapitalWilson AllenThe companys practice management and business intelligence services helps firms to access and analyse data that drives profitability and performance,streamline proforma collaboration and wor
173、kflow,and generate conflicts reports with greater speed and easeJul-22CVC CapitalVeritext Legal SolutionsProvider of deposition and litigation support services for law firms,corporations,government,and other entities in the USJul-22LexitasPhipps ReportingProvider of litigation support services,inclu
174、ding court reporting,interpreting and translating,document management,videography,web conferencing,cloud depositions,and courier servicesRecent LegalTech and Services TransactionsAlternative Legal Services Providers(cont.)31Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionJul-22TCDIA
175、ons eDiscovery PracticeThe company incorporates technology,law and an understanding of behavioural science in its consulting and technical service practice for civil litigation,criminal and regulatory matters and,internal corporate investigationsJun-22LexitasYorkson Legal,Inc.Operates as a legal sta
176、ffing and recruiting firm that provides quality attorneys,paralegals,compliance professionals,and litigation support staffMay-22Esquire Deposition Solutions,LLCTSG Reporting,Inc.Provides court reporting,legal video technology,virtual and remote services,exhibit services and transcription servicesMay
177、-22ArcherHall,LLCForensic Pursuit,LLCProvider of digital forensics,eDiscovery and expert witness services to law firms,corporations,and eDiscovery companiesApr-22BIG Language SolutionsLawlinguistsOperates as a legal translation network created by lawyers offering legal translation services in more t
178、han 100 different language combinationsApr-22ArcherHallCooper Discovery SolutionsProvides digital forensics and eDiscovery consulting services to the legal communityMar-22QuestelMarkifyProvides search and watch services such as pro search screening,comprehensive word mark searching,and trademark sea
179、rchMar-22Veritext Legal SolutionsMichael Musetta&Associates,Inc.Provides unprecedented service,court reporting,and video conferencing servicesMar-22U.S.Legal Support,Inc.Baton Rouge Court Reporters,LLCProvides court reporting and related litigation support servicesMar-22Epiq SystemsFireman&CompanyOf
180、fers legal process outsourcing,litigation support,and document management servicesMar-22Empire Technologies Risk Management GroupL2 ServicesOperates as a full-service litigation support service provider offering solutions related to legal discovery core tasks of collection,processing,and reviewFeb-2
181、2ArcherHall,LLCOne Source DiscoveryProvider of digital forensics and eDiscovery consulting services to the legal communityFeb-22J.S.Held,LLCCapital Forensics,Inc.Provides data analytics,litigation support and arbitration tools,fraud and forensic investigations,and regulatory and risk management serv
182、icesDec-21LexitasTaylorMorse,LTDSpecializes in medical record retrieval and claims and legal document managementDec-21Empire Technologies Risk Management GroupGoldMindOffer services,such as data acquisition and forensics,eDiscovery,data breach support,big data analytics,language services,and profess
183、ional staffingDec-21Consilio LLCLegility,LLCProvides consulting,technology,managed solutions,and legal talent engagement services to corporations and law firmsRecent LegalTech and Services TransactionsAlternative Legal Services Providers(cont.)32Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget
184、DescriptionDec-21Sedgwick Claims Management Services,Inc.JND Legal Administration Co.Provides class-action administration services,eDiscovery software and professional services,government services,healthcare solutions,and legal notice offeringsDec-21Epiq SystemsSimplex LegalOffers interim support fo
185、r in-house teams and corporations,LegalTech consulting,and technology-enabled legal services for high-volume legal mandatesNov-21J.P.MorganModusOperates as a partner for law firms,corporations and government agencies offering eDiscovery and information governance solutionsNov-21Driven,Inc.Innovative
186、 Discovery,LLCProvides service,guidance,and consultation around information lifecycle and eDiscovery to law firms,corporations,and government agenciesOct-21NextpointWarRoomProvides cloud-based deposition transcript repository to litigatorsSep-21LexitasBenchmark Reporting Agency,Inc.Offers court repo
187、rting and national court reporting,litigation support,video conferencing,and video streaming services to the legal industrySep-21Consilio LLCSpecial Counsel,Inc.Provider of legal consulting,attorney recruiting,legal talent,legal technology and eDiscovery solutionsSep-21Magnet ForensicsDME ForensicsO
188、perates as a video and multimedia evidence solution company offering data recovery,DVR causality analysis,witness consulting,and digital evidence solutionsSep-21NuixTopos Labs,Inc.Develops natural language processing(NLP)software that helps computer systems better understand text and spoken wordsSep
189、-21UnitedLex Corp.Blackstone Discovery Inc.Provides litigation support,collection and analysis,data processing,eDiscovery,and database-hosted solutions for law firms and corporationsAug-21Frontline Managed ServicesLogicForce ConsultingProvides IT services and solutions for the legal profession rangi
190、ng from network administration and desktop support to practice managementAug-21IMS Consulting&Expert Services,LLCLitigation Insights,Inc.Operates as a trial-consulting and visual communication fields firm offering mock trials,witness preparation,jury selection,and trial graphics servicesAug-21Magna
191、Legal ServicesOBrien&Levine Court Reporting Services,Inc.Operates as a litigation consulting and support company providing records retrieval,depositions,video,language services,graphics,jury consulting,and trial solutionsAug-21Morae GlobalAdaptive SolutionsProvides advisory,compliance,contract lifec
192、ycle management,document management,and legal management services to law firmsAug-21Cobra Legal SolutionsDigital DiscoveryOperates as a digital forensics and data collection company,offering upstream evidence collection,forensic investigations,and cyber incident response servicesJul-21TransPerfectSe
193、mantixProvides translation and interpretation servicesRecent LegalTech and Services TransactionsAlternative Legal Services Providers(cont.)33Sources:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionJul-21ArrayGnosis GroupProvides solutions to litigation problems,staffing needs,and document r
194、eviews to corporate legal department and law firm clientsJul-21Frontline Managed ServicesGlasser TechOffers specialized software and hardware support,network design,training and support,cloud services,backup and disaster recovery to law organizationsJul-21Frontline Managed ServicesInvoice Preparatio
195、n ServicesProvider of eBilling services intended to help law firms by preparing invoices that meet clients billing and litigation management guidelinesJul-21LighthouseH5,Inc.Provides advanced search,review,and data analytics products and servicesJun-21Veritext Legal SolutionsCitiCourt,LLCProvides co
196、urt reporting,videography,and litigation support solutions and servicesJun-21EagleTree Capital,LPIntegreon,Inc.Provides litigation,cyber incident response,contracts and compliance,creative,and legal administrative servicesMay-21RelativityText IQOperates as a B2B technology company that uses AI to ma
197、nage and mitigate risks in enterprise dataMay-21AnaquaActio IPProvider of intellectual property management services,such as patent cooperation treaty filing,trademark search and filing,patent validation,and renewalsMay-21LexitasImber Court ReportersProvides court reporting services,including confere
198、nce rooms,interpretation,legal videography,virtual office,online repository,and teleconferencing servicesMay-21GimmalSherpa SoftwareOperates as an enterprise data governance and eDiscovery solutions providerMay-21Veritext Legal SolutionsBrown&Jones ReportingProvides court reporting services,includin
199、g real-time reporting,videoconferencing,videography,and computerized litigation support servicesApr-21Xact Data Discovery(XDD)ParalawOperates as a legal outsourcing company providing managed review staffing,eDiscovery and contracts management services to law firms and corporationsApr-21Xact Data Dis
200、covery(XDD)Lexolution LLCProvider of temporary contract attorney staffing and managed review services for law firms and corporationsApr-21Stone Point Capital LLC;Aquiline Capital Partners LLCConsilio LLCProvider of eDiscovery,document review,risk management,and legal consulting servicesApr-21Consili
201、o LLCXact Data Discovery(XDD)Provider of eDiscovery,data management,and managed review services for law firms and corporationsApr-21Xact Data Discovery(XDD)Zeledon-Castillo,LLCProvides core eDiscovery servicesRecent LegalTech and Services TransactionsAlternative Legal Services Providers(cont.)34Sour
202、ces:S&P Capital IQ,PitchBook.AcquirerTargetTarget DescriptionApr-21Blue Sage CapitalCobra Legal SolutionsProvides legal services including eDiscovery technology services,eDiscovery managed review,contracts management,and legal researchApr-21Magna Legal ServicesKim Tindall&AssociatesOffers legal serv
203、ices,including court reporting,legal videography,records retrieval,process service and trial presentationApr-21Astorg Asset ManagementCorsearchProvides brand risk and performance solutions such as IP clearance,brand protection,and anti-piracyMar-21QuestelMorningside Translations,LLCSpecializes in pa
204、tent translation and foreign filing solutions,as well as legal,life sciences,and corporate compliance language servicesMar-21LexitasConfidential Communications Int.Offers full-service litigation support services,including records retrieval,court reporting,and process servingMar-21Oaktree CapitalSyst
205、em OneProvides specialized workforce solutions and integrated services to utilities,telecom,industrial,government,legal,life sciences,marketing,and IT end marketMar-21QuestelNovum IPOperates as an IP solutions provider comprising PAVIS,a global IP management service provider,and Novagraaf,an IP cons
206、ulting groupsMar-21HBR ConsultingKeno Kozie AssociatesProvides IT consulting,systems integration,advanced application integration,managed services and security and risk management services to law firmsFeb-21First LegalRedpoint TechnologiesOperates as an eDiscovery and litigation technology firm offe
207、ring advanced data collection and processing,document review and production,and trial servicesFeb-21Veritext Legal SolutionsAtkinson-Baker,Inc.Operates as a court reporting agency offering court reporting and conferencing services,transcription and transcript,and exhibit servicesFeb-21UBEO,LLC.Rainm
208、aker Document Technologies,Inc.Provides full-service litigation support technology solutions from electronic and paper discovery to digital printingFeb-21EsquireHonorable ReportingProvides court reporting solutions to law firms as well as servicing the Miami,Broward and West Palm Beach court systems
209、Feb-21Veristar LLCPlanet Data Solutions,IncProvider of contract analysis solutions and eDiscovery servicesJan-21Morae GlobalTrinogy Systems Pty Ltd.Offers information management and software solutions including right-to-know processing,general counsel,electronic document and paperless legal systemsJ
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