Huron Consulting Group Inc., a leading provider of business consulting services, has completed its previously announced acquisition of AdamsGrayson, a managed review and legal staffing firm based in Washington, D.C. AdamsGrayson will become part of Huron Legal, the Legal Consulting segment of Huron Consulting Group.
“AdamsGrayson is a very exciting addition to Huron Legal,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “AdamsGrayson and Huron are well matched in terms of our business models and go-to-market strategies. AdamsGrayson will also provide Huron Legal with a stronger presence serving customers in the vibrant Washington, D.C. area, supporting the continued growth of Huron’s business throughout the East Coast.”
AdamsGrayson, founded in 1998, serves the needs of law firms and corporate law departments with a more than 200-seat review facility in the D.C. metropolitan area. AdamsGrayson has a team of project managers who, under the supervision of lawyers, provide document review services at the client site or at the AdamsGrayson facility. AdamsGrayson also provides strategic consulting on information risk management, litigation readiness, and e-discovery management.
“After 14 years of dedicated and dependable service in the Washington, D.C. marketplace, AdamsGrayson is proud to join forces with Huron,” said Paul Jeon, founder and chief executive officer of AdamsGrayson. “Our loyal customers will now have a broader range of service offerings from a company with a global footprint.”
“Like Huron Legal, AdamsGrayson provides clients with scalable, end-to-end e-discovery consulting and document review expertise,” said Shahzad Bashir, executive vice president, Huron Legal. “Our combined teams will have the capability to staff large e-discovery and document analysis projects within a very short time frame. The spectrum of AdamsGrayson’s capabilities, ranging from client site staffing to managed review with Fortune 500 law departments and AmLaw 200 customers, will enhance our business services offerings.”
“We are excited about the depth and expertise that our combined teams will have in the marketplace. Further, this gives our Document Analysis solution new models where we can essentially be a one-stop shop for law firms and other legal services providers in the D.C. market. We also have greatly enhanced our subject matter resources to assist legal teams throughout the e-discovery process – a key differentiator of our business,” said Robert D. Rowe, managing director and head of Discovery services, Huron Legal.
Under the terms of the asset purchase, Huron will pay $21.5 million in cash and $10.0 million in deferred payments. Caleb King, president, and Peter Gronvall, managing partner, of AdamsGrayson will become managing directors in Huron Legal. In all, approximately 15 AdamsGrayson employees and its more than 200-seat facility will become part of Huron Legal.
With the addition of AdamsGrayson, Huron Legal now offers global discovery support with 1,500 seats at nine locations across the U.S., U.K., and India. The Huron Legal solution maximizes value and efficiency, while providing predictable, up-front capped costs with measurable quality. Huron Legal provides around-the-clock resources necessary to undertake large-scale document reviews and perform a full range of services that includes preservation, collection, processing, hosting, review and production.
For more information on this transaction, please contact:
Nick Baughan
Managing Member
610.616.3294
nbaughan@marbau.com
Chris Skoff
Vice President
6610.616.3297
cskoff@marbau.com
Matthew O’Connell
Analyst
610.365.7284
moconnell@marbau.com
About Huron Legal
Huron Legal provides advisory and business services to assist law departments and law firms to enhance organizational effectiveness and reduce legal spend. Huron Legal advises on and implements strategy, organizational design and development, outside counsel management, operational efficiency, and discovery solutions, and provides services relating to the management of matters, contracts, documents, records, digital evidence and e-discovery. Huron Legal is not a law firm; it does not offer, and is not authorized to provide, legal advice or counseling in any jurisdiction.
Learn more at www.huronconsultinggroup.com/legal
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, Fortune 500 companies, leading academic institutions, medium-sized businesses, and the law firms that represent these various organizations.
Learn more at www.huronconsultinggroup.com
About AdamsGrayson
AdamsGrayson is a leading provider of law firm quality electronic discovery services with internationally-recognized expertise in managed document review. The Company serves both AmLaw 200 law firms and Fortune 500 corporations. AdamsGrayson was founded in 1998 and is headquartered in Washington, DC.
Learn more at www.adamsgrayson.com
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Marks Baughan clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.