Professional services firm EY will acquire Riverview Law, an innovative legal services firm, which will become known as EY Riverview Law.
The acquisition will help to enhance EY Law legal managed services and help EY clients to increase efficiency, manage risk, improve service transparency and reduce costs of routine legal activities, the firm said.
Riverview Law has a technology practice that uses software from Kim Technologies to deliver its legal services. The acquisition will add legal innovation talent and operating model transformation, as well as driving the current EY technology approach to legal managed services.
The acquisition is led by Chris Price, EY global head of alliances – tax, who will become chief executive of EY Riverview Law once the acquisition is complete and will work closely with the existing Riverview Law leadership team.
Mr Price said: “There is a need for a greater range of service options in the legal market that provides the right service, with the right quality, at the right price to the legal functions of EY clients. The acquisition of Riverview Law will help enable the creation of an EY service offering focused on doing just that.”
EY said the addition of Riverview Law will help organisations manage legal instructions, re-direct work that does not require legal input, triage work that does require legal support, and manage all stages from case opening to closing, including document creation.
Karl Chapman, chief executive Riverview Law, said: “The legal profession is going through a period of significant global upheaval. Changes in regulation, technology and most importantly customer expectation create an opportunity for a more flexible and customer-centric approach to the provision of legal services. Becoming part of EY is a real strategic fit for our team and is in line with our commitment to deliver world-class service and counsel to Riverview Law clients who are at the core of everything we do.”
The acquisition, which is conditional on the satisfaction of closing conditions, is expected to complete on 31 August 2018.
EY Law comprises over 2,200 law practitioners in member firms across 81 jurisdictions.
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