The eDiscovery acquisitions keep coming. Yesterday, Consilio announced it has entered into a definitive agreement to acquire the Adecco Group’s D4 and EQ, the legal consulting and eDiscovery (“legal solutions”) business of Special Counsel.
The Adecco Group will retain the legal staffing and legal permanent placement units of the Special Counsel business which will be transitioned to LHH Professional Recruitment as part of its global Talent Solutions transformation. The acquisition of the business units continues to expand Consilio’s expertise particularly in the areas of document review, legal process outsourcing, and Cyber Incident Response.
According to the press release here, the acquisition will create greater scale and resources for Consilio to deliver an enhanced client experience, increase the breadth of its U.S. and International data operations, continue to broaden its Risk & Compliance solutions, and further strengthen Consilio’s depth of expertise.
The transaction is subject to customary closing conditions and is expected to be completed in Q4 2021. Barclays acted as exclusive financial advisor and Smith, Gambrell & Russell acted as legal advisor to the Adecco Group. Truist Securities acted as financial advisor and Debevoise & Plimpton acted as legal advisor to Consilio.
By my count, that’s nine mergers or acquisitions just since the beginning of August. You think remote work has slowed down investment in eDiscovery? Not one bit.
So, what do you think? Is all this merger and acquisition activity good for the eDiscovery industry? Please share any comments you might have or if you’d like to know more about a particular topic.
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