USLegal has been acquired by an investment group led by attorneys from the law firms of Jacoby & Meyers, The Cochran Firm and other practices.
The acquisition and connection of one of the largest online legal information and forms companies in the US with one of the largest consumer legal service teams creates a new and significant market opportunity. USLegal will now offer consumers a full range of legal services through lawyers who market with the company and is well positioned to become the legal destination site on the internet.
According to Frank Edens, CEO of USLegal “We are very pleased with the acquisition. The investment group will help connect USLegal to lawyers to provide online, as well as traditional legal services. Through this acquisition we can make consumer and small business legal services easier, more affordable, and available for everyone.
“Although the company also offers information, products and services that do not depend on lawyers, the ultimate success of USLegal depends on lawyers working closely with the company to provide content, products and services to its target market. These lawyers agree that the public demands a dramatic change in the legal profession such as flat fees, quality and timely services,” Edens said.
Edens will remain a stakeholder and key executive with the company.