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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Gabrielle Orum Hernandez
E-discovery has been by far the most focused on vertical in the legal technology marketplace. Up until recently, ALM’s Legaltech conference was widely known in the industry to be essentially an ever-increasing parade of e-discovery vendors . Reminiscing on years past, Consilio CEO Andrew Macdonald said he remembers being in attendance and thinking to himself, “this is a market that’s ripe for consolidation.”
Whether the e-discovery market is at a clear maturation point is not quite clear. Market researchers have been announcing the continued growth and consolidation in e-discovery repeatedly over the last few years – research group Gartner predicted that the industry was ripe for consolidation as far back as 2013 , while competing market research group Forrester predicted the same even longer ago, in 2010 .
But while consultants have been quick to call out “flurries” of mergers and acquisitions that could point to broader market consolidation, the number of deals in this space doesn’t seem to have noticeably spiked over time.
Overall, Consilio’s Macdonald said that new client demands are forcing companies to either invest the capital needed to meet them or look to M&A as a means to survive. He laid out the case for why we’re likely to see greater market consolidation in the next few years
Read the complete article at Is E-Discovery on the Precipice of Even Greater Market Consolidation?