Elevate has secured a deal to acquire Netherlands-based technology-enabled legal services firm Legadex – its fourth acquisition since May 2024.
The Los Angeles-based alternative legal service provider’s (ALSP’s) purchase of Legadex is set to significantly expand its European footprint.
Legadex, which is based in Amsterdam and was founded in 2008, has a strong focus on legal software solutions, with expertise in managed legal services such as contract review, legal operations to optimise workflows, and legal tech implementation.
Currently, it serves more than 300 clients including law firms and publicly listed companies.
Its founders, Hans-Martijn Roos and Luc van Daele, will join Elevate’s management team.
Liam Brown, chairman and CEO of Elevate, said: “Legadex is a pioneer in legal innovation in the Netherlands. Their team, culture and capabilities align perfectly with Elevate’s values and strategy.
“We’re excited to welcome them and collaborate to deliver even greater value to our customers across Europe and beyond.”
This year, Chambers handed Elevate a Band 1 ranking for the 10th consecutive year for contract lifecycle management, flexible legal staffing and litigation services.
Elevate has up to 5,000 employees, with offices in the US, the UK, Poland, India, Japan, the Philippines and Australia.
According to private equity firm Inflexion, the legal tech market is witnessing growth at an accelerated pace, due to firms seeking more efficient ways to manage legal processes.
It has valued the legal tech market at more than £20bn, with an annual growth rate of 6-10%, leaving it ripe for targeted acquisitions.
In January, Elevate acquired intellectual property research company Sagacious IP, which serves law firm customers in the US, Europe, China and Japan, as well as legal departments at Fortune 500 companies and IAM1000-listed firms.
In September last year, it snapped up AI consulting and technology services company Redgrave Data.
And in May 2024, it acquired CJK Group, which offers multi-language support for litigation, investigations and transaction-based due diligence to law firms and corporations across Asia and North America.
Earlier this week, fellow US ALSP Integreon named former ALM chief executive Bill Carter as its interim CEO after incumbent Subroto Mukerji announced that he is retiring.
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