Thomson Reuters today announced that it has acquired Pangea3, a legal process outsourcing (LPO) provider serving corporate legal departments and law firms worldwide. Terms of the acquisition were not disclosed.
Pangea3 is is growing at more than 20 percent annually and projected to exceed $1 billion this year.
The firm is headquartered in New York and Mumbai, and has 650 employees at its major delivery centers.
Its client base includes Am Law 250 law firms and some of the world’s largest financial services, pharmaceutical, healthcare, food and beverage, technology and consumer goods companies.
The firm offers a variety of services in areas like legal document review; corporate transactions; intellectual property; and risk management and compliance.
Peter Warwick, President and chief executive officer of Thomson Reuters, Legal, said that legal process outsourcing adds a strategic complement to the Thomson Reuters' portfolio of specialized information and workflow solutions.
“Joining forces with Thomson Reuters will further accelerate and expand our ability to provide impactful solutions to our clients. Thomson Reuters is the perfect partner for Pangea3’s clients and team-members to continue to grow and solve the increasingly complex and expensive challenges facing legal professionals around the globe," said David Perla and Sanjay Kamlani, co-CEOs of Pangea3.
