logo
logo

Litera acquires UK legal document platform Office & Dragons to enhance document drafting offering

Nov 30, 2024•8 months ago

Acquiring Company

Litera

Acquired Company

Office & Dragons

ChicagoLondonSoftwareInformation TechnologyLegal TechDocument ManagementLegalMachine LearningSaasArtificial Intelligence

Description

Chicago-based Litera has acquired UK legal document platform Office & Dragons to enhance its document drafting offering. Office & Dragons provides a market-leading platform for mass drafting and editing, leveraging intuitive automation and generative AI to streamline document workflows for lawyers, resulting in significant time savings for its users. The acquisition will enable Litera to integrate Office & Dragons' advanced capabilities and user-friendly interface into its practice solutions, empowering law firms to generate, edit, and redline documents faster and more accurately.

Company Information

Company

Litera

Location

1209 ORANGE STREET

Chicago, Illinois, United States

About

Litera has been at the forefront of legal technology for 25+ years. As a global leader in workflow, AI-powered due diligence review and analysis, collaboration, and data management solutions, Litera provides legal teams with streamlined technology for creating, analyzing, and managing their documents, deals, cases, and data. Litera’s solutions help law firms and legal teams around the world to work more efficiently, accurately, and competitively, and to provide their clients with usable and actionable information.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Priyanka hidden

hidden
hidden

Avaneesh hidden

hidden
hidden