CPA Global is in talks with potential investors who are keen to take an equity stake in the legal outsourcing company. LDC, the private equity unit of Lloyd’s, is rumoured to have offered to purchase the company for £400m.

A spokesman for CPA Global declined to comment on market speculation but confirmed that the company is currently in discussion with a number of potential investors. Shareholders are, no doubt, thrilled with the strong interest from the investment market but the potential for growth in the legal outsourcing market spells trouble for law firms.

Earlier this year, Rio Tinto made the decision to engage the services of CPA Global and outsource its lower-end legal work to 12 low-cost lawyers in India. The deal resulted in significant cost savings for Rio Tinto and outsourcing low-end legal work enabled its in-house counsel to work on more complex and challenging legal matters which may otherwise have been sent to external legal counsel at significant cost.

 
CPA Global
 
  • CPA Global was established in 1969 and is now one of the leading legal outsourcing companies in the world, with offices in the US, Europe, Asia and the Pacific.
  • The CPA Global team is more than 1,300 strong worldwide with a legal consulting team that includes experienced attorneys, business process improvement consultants and litigation experts.
  • It provides a full range of general legal and intellectual property support services including document review, legal research and preparation of deposition summaries and litigation documents.

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