Ernst & Young LLP continues to expand its legal services, buying a technology-led support firm from Thomson Reuters Corp.
EY announced April 3 an agreement to buy Thomson Reuters Pangea3 Legal Managed Services from the media giant in a deal expected to close in the second quarter of 2019. “The EY Law practices will connect the practice of law with the business of law globally,” Kate Barton, EY Global Vice Chair—Tax, said in a press release. “Legal departments recognize that the future lies in aligning more closely with broader business transformation.”
- Pangea3 specializes in legal managed services, with over 1,000 professionals in eight offices globally.
- It uses technology to automate routine tasks.
- EY in August, 2018, bought another technology-led law firm, Riverside Law.