Elevate Services Acquires Analytics Division of RFx Legal
Elevate’s acquisition expands its advisory practice to include corporate legal spend management and law firm value pricing consulting.
LOS ANGELES – September 21, 2012 – Elevate Services Inc., a global provider of consulting, managed services and technology solutions for law firms and corporate legal departments, today announced the acquisition of the Analytics division of RFx Legal, a U.S.-based firm specializing in legal sourcing, procurement and staffing services. RFx Legal Analytics provides consulting services to help corporate legal departments reduce legal spend, and to help law firms increase profitability through Alternative Fee Arrangement (AFA) value pricing. Terms of the deal were not disclosed.
As part of the acquisition, Pratik K. Patel from RFx Legal will join Elevate’s Leadership Team as Vice President of Legal Business Solutions. In his new role, Patel will focus on legal spend management, operations and technology consulting for corporate legal, and effective implementation of AFA value pricing for law firms. Patel will also strengthen Elevate’s expanding legal operations consulting capability with innovative roadmap development for matter management, electronic billing, outside counsel spend management, law firm pricing, and legal process outsourcing (LPO).
“Integrating the RFx Legal Analytics business into Elevate’s service offering is a natural fit for both companies,” said Patel. “Our combined solutions provide a comprehensive set of tools to reduce total cost of legal services. I’m very excited to join the Elevate team.”
“We are delighted to welcome Pratik and the RFx Legal Analytics team to Elevate,” said Liam Brown, Elevate Founder and Chairman. “This acquisition will accelerate the growth of our consulting practice, and it will help us meet the demand from both General Counsel and law firm Partners for practical solutions that reduce corporate legal spend while maintaining law firm profitability – which we believe can be achieved, with the right approaches and capabilities. With RFx Legal, we now offer a more complete range of innovative advisory and managed services to help the whole legal ecosystem achieve savings, profitability, and results.”
About Elevate Services, Inc.
Elevate provides law firms and Global 1000 corporate legal departments with practical ways to improve efficiency, quality, and outcomes through consulting, managed services and technology. Elevate was founded in 2011 by Liam Brown, the founder and former President and CEO of Integreon, Inc., which he led from startup in 2001 to annual sales of nearly $150 million before selling his stake in 2011. For more information, visit elevateservices.com and follow Elevate on Twitter: @ElevateServices
About RFx Legal
RFx Legal delivers legal spend management, analytics and sourcing tools and services created by lawyers. Solving the top challenge for legal departments, RFx Legal helps companies strengthen relationships with outside legal service providers through cost and value alignment. As the category leader for legal analytics, market intelligence, procurement, sourcing and staffing solutions, RFx Legal helps organizations make more informed and transparent decisions on how to save and spend valuable resources.