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Factor completes acquisition of Theory and Principle to advance AI-first legal solutions

Feb 13, 2025•10 months ago

Acquiring Company

Factor

Acquired Company

Theory and Principle

New YorkPortlandLaw EnforcementLegalLegal TechSoftware

Description

Factor, the market leader in Integrated Law, has acquired Theory and Principle, a specialized legal technology design and development agency. This acquisition advances Factor's strategic shift towards AI-first legal solutions, leveraging Theory and Principle's design excellence to address real pain points in legal work. The combined expertise will enable faster deployment of targeted AI solutions across the contracting lifecycle.

Company Information

Company

Factor

Location

New York, New York, United States

About

Factor is the market leader in Integrated Law. Factor works alongside corporate legal departments and law firms to solve the ever-increasing demands and complexity of transactional legal work like contracting. With 10+ years of focused experience, Factor integrates the expertise of Traditional Law, and the efficiency of New Law, with the close business understanding and integration of In-house legal to deliver complex legal work at scale. Factor helps reposition and focus in-house legal on advisory, solves business problems, and balances commercial opportunities with legal risks.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed