Consilio Boosts Legal Talent and Advisory Capabilities with Acquisition of Lawyers On Demand and SYKE

Consilio, a global leader in legal technology solutions and enterprise legal services, has announced its intent to acquire Lawyers On Demand (LOD) and SYKE. LOD is a pioneer in flexible legal talent, while SYKE is a premier legal technology consultancy based in the UK. This strategic acquisition will not only expand Consilio's Enterprise Legal Services (ELS) business to new regions but also enhance its global presence.

LOD, established in 2007, has built a community of over 4,500 legal practitioners who offer on-demand expertise to meet clients' diverse needs. This community comprises lawyers, legal engineers, legal operations consultants, paralegals, and risk and compliance professionals across 25 countries. LOD's esteemed clientele includes 27 members of the FTSE 100 and 54 members of the ASX 200. In 2021, LOD formed a relationship with SYKE, a leading legal technology consultancy in Europe that drives legal system implementations and optimization.

The acquisition of LOD and SYKE allows Consilio to tap into their extensive expertise in flexible legal talent and legal technology consulting. This move will enable Consilio to provide greater scale and capabilities to its clients, especially as the Flexible Talent market remains fragmented and legal teams face unprecedented talent concerns.

Andy Macdonald, CEO of Consilio, emphasized the significance of this acquisition in addressing talent challenges faced by legal teams. He expressed enthusiasm for combining LOD's and SYKE's expertise with Consilio's enterprise legal services to establish one of the largest legal flexible talent and advisory companies in the industry. Macdonald also highlighted Consilio's track record of strategic acquisitions, solidifying its position as the global leader in legal consulting, services, and eDiscovery.

Simon Harper, Founder of Lawyers On Demand, shared his excitement about the shared culture and vision between LOD and Consilio. He acknowledged Consilio's growth in the enterprise legal services sector and expressed eagerness to collaborate in providing comprehensive solutions to global legal teams. Harper believes that the combination of forces will meet client needs and establish a prominent presence in the legal flexible talent and advisory space.

Robb Hern, SVP of Enterprise Legal Services at Consilio, highlighted the similarities in culture, commitment to employee and client experience, and operational excellence between the two companies. For Consilio clients, the in-market expertise offered by LOD and SYKE, combined with Consilio's existing global enterprise offerings, will immediately deliver tremendous benefits.

This acquisition will also mark the end of UK private equity firm Bowmark Capital's five-year investment in LOD and SYKE, marked by remarkable growth and success.

Consilio availed itself of Alvarez & Marsal's financial and tax due diligence advisory services, Jones Day's legal advisory services, and William Blair & Company's financial advisory services for this acquisition. On the other hand, Rothschild served as the financial advisor for LOD, and Stephenson Harwood provided legal advice for both LOD and SYKE.

About Consilio

Consilio is the global leader in eDiscovery, document review, flexible legal talent, and legal technology consulting services. As a multinational corporation, Consilio supports law firms and corporations worldwide through innovative software, cost-effective managed services, and industry expertise in litigation, investigations, compliance, cybersecurity, and more. With ISO 27001:2013 certification, Consilio operates offices, document review facilities, and data centers across Europe, Asia, and North America.

About Lawyers On Demand and SYKE

Lawyers On Demand (LOD) has been at the forefront of the flexible resourcing market since its inception in 2007. With over 4,500 legal professionals, including lawyers, legal engineers, legal operations consultants, paralegals, and risk and compliance professionals, LOD offers unparalleled expertise in flexible legal talent. SYKE, with its top-notch law tech experts, provides exceptional operations and tech consultancy services. Since 2021, LOD and SYKE have been working together, serving hundreds of in-house clients across more than 25 countries spanning five continents.

Conclusion

Consilio's intent to acquire Lawyers On Demand and SYKE showcases the company's commitment to expanding its legal talent and advisory capabilities globally. By leveraging the expertise of LOD and SYKE, Consilio aims to provide impactful solutions to legal teams grappling with talent concerns. This strategic move solidifies Consilio's position as a leader in the legal consulting and services industry, propelling it to become one of the largest legal flexible talent and advisory companies worldwide.