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<blockquote data-quote="Daniel Boden" data-source="post: 10769" data-attributes="member: 487"><p><strong><u><em>Legal Week</em>: EY Eyes Continued Legal Services Growth With Pangea3 Acquisition (5 April 2019)</u></strong></p><p><strong><u></u></strong></p><p><u>Introduction</u></p><p>In this article, <em>Legal Week </em>explains that EY has purchased the legal managed services business Pangea3 from Thomson Reuters, indicating it is not stopping its expansion into the legal sector any time soon!</p><p></p><p><u>Article</u></p><p></p><p>Following its recent acquisition of alternative legal services provider, Riverview Law, EY has acquired Pangea3, a legal managed services business.</p><p></p><p>EY can now deliver legal services in eight locations across three continents and the acquisition will help EY focus on the core areas of contract life cycle management and regulatory risk and compliance capabilities. </p><p></p><p>EY has been drawn to this area following client demand. Growing M&A activity and regulatory pressures has led to the formation of larger companies with lots of contracts to manage.</p><p></p><p>Where next? EY will stay focused on its legal advisory business and could make further purchases int eh near future. Thomson Reuters, on the other hand, will focus on its own content to help in-house legal departments and law firms as they continue to become more efficient and add value to their clients. This includes its legal research tool Westlaw Edge and its document review service eDiscovery Point.</p></blockquote><p></p>
[QUOTE="Daniel Boden, post: 10769, member: 487"] [B][U][I]Legal Week[/I]: EY Eyes Continued Legal Services Growth With Pangea3 Acquisition (5 April 2019) [/U][/B] [U]Introduction[/U] In this article, [I]Legal Week [/I]explains that EY has purchased the legal managed services business Pangea3 from Thomson Reuters, indicating it is not stopping its expansion into the legal sector any time soon! [U]Article[/U] Following its recent acquisition of alternative legal services provider, Riverview Law, EY has acquired Pangea3, a legal managed services business. EY can now deliver legal services in eight locations across three continents and the acquisition will help EY focus on the core areas of contract life cycle management and regulatory risk and compliance capabilities. EY has been drawn to this area following client demand. Growing M&A activity and regulatory pressures has led to the formation of larger companies with lots of contracts to manage. Where next? EY will stay focused on its legal advisory business and could make further purchases int eh near future. Thomson Reuters, on the other hand, will focus on its own content to help in-house legal departments and law firms as they continue to become more efficient and add value to their clients. This includes its legal research tool Westlaw Edge and its document review service eDiscovery Point. [/QUOTE]
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