Consilio Announces Intent To Acquire Lawyers On Demand And Syke To Bolster Legal Flexible Talent And Advisory Capabilities
Aug 02, 2023•over 2 years ago
Acquiring Company
Consilio
Acquired Company
Lawyers
Description
Consilio, the global leader in legal technology solutions and enterprise legal services, has come to an agreement to acquire Lawyers On Demand (LOD), a pioneer in flexible legal talent, and SYKE, a premier legal technology consultancy headquartered in the UK. This acquisition will extend Consilio’s Enterprise Legal Services (ELS) business to Europe, the Middle East, Africa, Asia, and Australia, expand its current UK business, and further amplify Consilio’s overall global presence.
M&A Insights
Based on deal dataIntegration 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