EY has completed the acquisition of the Pangea3 Legal Managed Services (LMS) business from Thomson Reuters. The deal had originally been announced in April 2019. Together with the recent acquisition of Riverview Law, this means that EY is the first organization with service offerings including legal function consulting, LMS and legal technology in addition to legal advisory services where permitted, in more than 80 jurisdictions.
The acquisition significantly grows the existing EY Law service offerings. With Pangea3, more than 1,100 legal project managers, services professionals and technologists join EY, bringing the total number of EY Law professionals across the globe to 3,500.
Jeff Banta, EY Global Law Co-Leader, said: "In addition to reducing costs and driving efficiencies, legal departments recognize that the future lies in aligning closely with broader business transformation. Through the acquisition of Pangea3, EY Law services are well positioned to leverage broad professional services experience to create a consistent, market-leading offering across the globe that will shape the legal functions of the future."
Pangea3 was a pioneer in the alternative legal services space and has 15 years of experience, operating out of eight centres worldwide.
EY Law services focus on a number of sectors: Automotive; Banking & Capital Markets; Government & Public Sector; Life Sciences; Mining & Metals; Oil & Gas; Power & Utilities; Private Equity; Real Estate; Hospitality & Construction; Technology; and Telecommunications.