BANGALORE, India, Nov. 12, 2013 /CNW/ - Global legal outsourcing services provider, Exigent, has acquired specialist technology and legal services provider, mLegal, to add a unique, patented contract lifecycle solution to its delivery capability.
The acquisition provides Exigent with the capability to deliver a complete contract lifecycle solution including contract building and management, using advanced proprietary technology. This allows increased coverage and efficient delivery of corporate contract compliance while also tackling the core of the litigation problem through ensuring risk is minimized at the very start of the contract lifecycle.
The technology enables businesses to efficiently build contracts and will allow each client to build a highly tailored model that can be supported by services of the Exigent team.
The acquisition is a clear demonstraton of how the Exigent leadership team see the value drivers of the industry over the coming years. Labour arbitrage must be accompanied by efficient delivery and use of appropriate technology. This acquisition enables Exigent to scope, design and deliver bespoke solutions by industry sector and legal specialism.
Exigent's CEO, David Holme said, "We saw this as an opportunity to offer our clients another key component of delivery capability, that is a leap on from the current model. This is the next step to aligning the delivery of legal services with how clients need to operate commercially, combining specialist technology, legal services and consulting. The debate has been rather dominated by the where not the how in the past. For me it will be "how and how much better" that will be the next phase in this space."
Exigent is a global legal services organisation, provding advice on and delivery of a range of legal services and business analytics to reduce risk, increase compliance and drive process and cost efficienices for its clients in the UK, US, Australia, Canada and South Africa. The acqusition brings together the teams of Exigent and mLegal to create a 400-strong global workforce comprising consultants, business analysts, attorneys, multi-skilled business services professionals and software developers. Services include process reengineering and optimisation, litigation support, end to end contract lifecycle management and a range of shared business services. The acquisition will see Exigent become one of the largest specialist providers of outsourced legal services globally, with clients including Anglo American Mining, Schlumberger, Linklaters, Pinsent Masons, Hogan Lovells, McCarthy Tetrault, Seyfarth Shaw, Corrs Chambers Westgarth and Ashurst. http://www.exigent-group.com
SOURCE: Exigent Group Limited
For further information:
Vivek Tandon, VP Business Development: P: +1-213-394-5527 E: [email protected]