EY announced an agreement to acquire Riverview Law, a leading innovative legal services firm that will support the expansion of EY legal managed services globally. The acquisition will help to enhance and scale the EY Law legal managed services offering and help EY clients to increase efficiency, manage risk, improve service transparency and reduce costs of routine legal activities. Riverview Law has a strong technology practice that uses a disruptive software from Kim Technologies for delivery of its legal services.
“Legal managed services is one of the fastest growing segments of the legal market. This acquisition underlines the position of EY as a leading disruptor of legal services; it will provide a springboard for current EY legal managed services offerings and bolster the capabilities that we can help deliver for EY clients.” – Cornelius Grossmann, EY Global Law Leader
The acquisition of Riverview Law will extend the existing EY Law offering and add talent in legal innovation and operating model transformation, as well as further 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 CEO of EY Riverview Law once the acquisition is complete and will work closely with the existing Riverview Law leadership team to bolster the EY cross-sector, multidisciplinary approach to legal services that can be scaled to serve EY clients across the globe.
This video shows the power of the dashboards within the Riverview Law Virtual Assistants.
EY Law now comprises more than 2,200 law practitioners in member firms across 81 jurisdictions. Critically, the acquisition also combines comprehensive quality, risk management and dashboard tools and a dedicated client support team that understands the culture, risk appetite and demands of legal services clients, helping them to streamline their legal function so that legal teams can focus efforts on key tactical and strategic legal work.
Source: News Release