Acquisition enhances enterprise legal management, contract lifecycle management, and legal operations capabilities, extends presence in the legal services industry.
Harbor, an expert services provider to the legal industry, has announced its acquisition of the Legal Management Consulting practice from Stout, a global investment bank and advisory firm. The addition of the Stout team will enable Harbor to deliver advisory services and managed services for e-discovery, legal holds and data management to both corporate law departments and law firms. The acquisition also bolsters Harbor's capabilities in enterprise legal management (ELM), contract lifecycle management (CLM), and other corporate legal operations, as well as technology assessments.
The former Stout team has collectively served 125 of the Fortune 500 law departments. Harbor previously referred e-discovery and legal hold advisory and implementation projects to the Stout Legal Management Consulting practice, which was recognized as both a Pacesetter and Market Leader in Legal Operations by ALM Intelligence in 2021.
