If there was any doubt before that legal managed services was the fastest-rising giant in the legal market, that uncertainty was recently erased by EY’s early April announcement of its plan to purchase Pangea3, an alternative legal service provider (ALSP). Once the EY acquisition is complete, in 2nd quarter 2019 says EY, the company will have massive resources in the legal arena. The EY acquisition of Pangea3 reaffirms that the rapid growth of managed legal services is here to stay.
Many GC’s offices will be heavily impacted by shifts of similar magnitude to the EY/Pangea 3 acquisition, if they haven’t been already. There is both opportunity and fallout for many in the wake of M&A transactions.
