United Lex Acquires Paul Hastings Data Analytics Team
An extract from an article by Simon Lock ( The American Lawyer)
Legal services provider UnitedLex has acquired Paul Hastings’ data analytics team, in what the firm has described as a “first-of-its-kind” deal.
The acquisition will see the data science, analytics, and investigations (DSAI) team join UnitedLex, with the team continuing to work with Paul Hastings on advisory matters as a third-party provider. The relationship will not be exclusive, according to a spokesperson: The team is set to work with other law firms, too.
As part of the agreement, UnitedLex will invest in the technological offering of the team, and help it expand into further legal sectors, including litigation, contracting and investigations.
End of an Era as Paul Hastings Data Team Shipped Out to UnitedLex
An extract from an article from the Artificial Lawyer
Legal services business (LSB) UnitedLex has acquired the Data Science, Analysis & Investigations (DSAI) team from another LSB, Paul Hastings, in what is an unusual offloading of a team the firm spent six years building. The total team is understood to be about 25 people, primarily with a focus on eDiscovery.
Under the acquisition – (the amount paid – in fact if any cash changed hands at all – is unknown at present) – Paul Hastings will still work closely with fellow LSB UnitedLex – they just won’t own the team or have to pay the staff’s salaries; that will now be UnitedLex’s responsibility, which can leverage the talent and tech tools they’ve developed for their own clients.
The deal seems to mark the end of an era – at least for Paul Hastings – as it moves out a group that the firm had spent six years helping to build under the DSAI team leadership of Tom Barnett.
- An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments
- A Running List of Industry M&A+I-Related Announcements*
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