eDiscovery leader Consilio has closed its acquisition of global legal services provider Legility, which was first announced to the financial markets in November. Consilio says that the acquisition will bolster its ability to provide managed review, flexible legal talent, and investigation and litigation support for corporates and law firms of all sizes. It will also increase its European capabilities and solutions.
Consilio announced in November that it intended to raise $370m in additional funds (to add on to a loan and a portion of its cash balance) to fund the acquisition of Legility, according to Moody’s Investors Service.
It follows Legility’s acquisition of eDiscovery provider Inventus in January 2020, and is the third acquisition by Consilio in recent months, as the eDiscovery market continues to consolidate.
In April this year, Consilio was acquired by Stone Point Capital, which concurrently acquired XDD alongside Aquiline Capital.
Consilio subsequently acquired the legal consulting and eDiscovery businesses of Special Counsel, which is part of the Adecco Group.
“Legility has a proven track record of creating excellent predictive and automated enterprise-wide legal driven processes that blend analytics, purpose-built workflows, and information-driven process improvements that help legal teams achieve operational success,” said Andy Macdonald, CEO of Consilio. “This acquisition unlocks greater scale and resources while aligning with our strategy to invest in differentiated solutions that result in a consistently exceptional client experience.”