Cleary Gottlieb acquires Springbok AI for innovation

Mar 17, 2025•5 months ago

Acquiring Company

Cleary Gottlieb Steen & Hamilton

Acquired Company

Springbok AI

New York

LondonLegal TechIntellectual PropertyLegalSoftware

Description

Cleary Gottlieb announced the acquisition of Springbok AI, enhancing its integration of AI in legal services. This move allows Cleary to develop custom AI-powered solutions and strengthen its competitive edge. Springbok's expertise and team will bolster Cleary's capabilities in AI technology. The acquisition marks a significant step in Cleary's innovation strategy to elevate client service delivery.

Company Information

Company

Cleary Gottlieb Steen & Hamilton

Location

New York, New York, United States

About

Cleary Gottlieb is a prestigious law firm known for its commitment to innovation and client-centric strategies. The firm integrates advanced technology, including AI and data analytics, into its workflows to enhance legal services. It focuses on creating efficient, cost-effective solutions for complex legal challenges. Cleary has a strong reputation for leadership in the legal sector.

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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