Extract from Bob Ambrogi's article "Major Industry News: EY to Acquire Pangea3 from Thomson Reuters, Expanding Its Global Legal Services"
In major news indicative of the direction of the legal services industry globally, EY — the entity that encompasses Ernst & Young companies worldwide — has entered into an agreement with Thomson Reuters to acquire Pangea3, the legal managed services business.
This follows EY’s acquisition last August of Riverview Law, a UK-based alternative legal services provider (ALSP). EY says these acquisitions further its depth and capacity to serve corporate legal departments worldwide and will bolster the ability of EY Law practices to help clients transform their practices and deliver meaningful value to their businesses.
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