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Consilio Announces Intent To Acquire Lawyers On Demand And Syke To Bolster Legal Flexible Talent And Advisory Capabilities

Aug 02, 2023over 2 years ago

Acquiring Company

Consilio

Acquired Company

Lawyers

WashingtonLaw PracticeLegalInformation TechnologySoftwareLegal Tech

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.

Company Information

Company

Consilio

Location

1828 L Street Northwest

Washington, District Of Columbia, United States

About

Consilio is the global leader in eDiscovery, document review, flexible legal talent, and legal advisory & transformation services. Through its Aurora Digital Enterprise Platform, the company empowers multinational corporations and law firms to reduce risk, improve efficiency, and drive better outcomes. Aurora integrates advanced AI — including Guided AI Review, Native AI Review, AI Investigation, and TrueLaw narrative AI — into a unified platform that provides freedom, deep project visibility, and control. Consilio operates offices, review centers, and data centers across Europe, Asia, and North America.

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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