Merger will create one of the world’s largest New Law businesses spanning Europe, Asia and Australia
24 February 2016 – LOD (Lawyers On Demand) and AdventBalance announced today that they will merge in a deal which will see the creation of one of the world’s largest New Law businesses with market-leading positions in Europe, Asia and Australia. The deal, the first cross-continent merger of its type, will complete in March with the new business being known as LOD in the second half of 2016.
LOD and AdventBalance are widely acknowledged as the leaders in their respective markets, with LOD launching in London in 2007 and AdventBalance launching in Australia in 2008. Both businesses have a track record of outstanding success and significant growth.
Today’s announcement is a natural progression for both companies, doubling the size of the business and bringing together a shared commitment to better ways of working for both lawyers and clients. Post-merger, the business will have seven offices (London, Hong Kong, Sydney, Singapore, Brisbane, Melbourne and Perth), over 600 lawyers and a world-class, international client base comprising over 500 companies and firms.
Key benefits of the deal:
· Combines Europe, Asia and Australia’s leading New Law businesses to offer more opportunities for lawyers and an integrated, global service for clients
· Allows the merged business to take on larger, more complex projects for clients through its increased scale and combined expertise
· Creates a global platform to accelerate growth, further expand internationally and roll out a series of new innovations already in the pipeline between the two businesses
Introducing the global leadership team:
Tom Hartley, CEO (formerly Managing Director, LOD)
Ken Jagger, COO (formerly CEO and Co-Founder, AdventBalance)
Simon Harper, Managing Director (formerly Co-Founder, LOD)
John Knox, Managing Director (formerly Co-Founder, AdventBalance)
Commenting on the merger, Simon Harper, Managing Director, said, “We’ve known and admired AdventBalance for many years, having ‘grown-up’ together in the New Law environment we helped to create. Both businesses are very successful in their own right. What we also share is an unwavering commitment to our people and time has shown us that happy lawyers mean happy clients. AdventBalance has exactly the same approach.”
Ken Jagger, COO, added, “AdventBalance and LOD have always shared the same cultural commitment to our lawyers and clients. For our lawyers we have provided access to top tier work while allowing them to balance their other interests. For our clients we have provided high quality lawyers on a flexible basis. The merger will enhance our ability to do both by providing lawyers with more opportunities and clients with global coverage.”
John Knox, Managing Director, said, “This merger just makes perfect sense and it is a very exciting next step for all of us. It will create unique opportunities for our people and clients and delivers a New Law venture with the scale and momentum to compete for work in an unprecedented way. I get the sense our international clients are as excited as we are.”