Xact Data Discovery, or XDD, acquired Paralaw, a London-based legal outsourcing company that provides managed review staffing, eDiscovery and contracts management services to law firms and corporations.
The deal expands XDD’s footprint in the UK via its Anexsys band.
“Paralaw’s subject-matter expertise in legal process outsourcing and contract management combined with Anexsys’ suite of legal technology services is incredibly exciting,” said Rob Crowley, managing director at Anexsys. “Coupled with the company’s core managed review staffing capabilities, the Paralaw team will also be a valuable resource to scale short- and long-term eDiscovery and contracts management engagements in the UK and European markets.”
The Paralaw acquisition follows an announcement on April 20 of XDD and Consilio — both companies provide services to law firms — being acquired by funds managed by private equity firm Stone Point Capital LLC.