Business legal transformation specialist Lawmetrik is now under the ownership of Counselect, marking a significant expansion for Counselect and consequently positioning it as the top business legal transformation company in India.
In a strategic move, Counselect, a leading consulting and solutions firm, has acquired Lawmetrik, a specialist in legal value optimization and managed services. This merger positions the combined entity as a market leader in business and value consulting for corporate legal departments, emphasizing the growing importance of legal and compliance functions in driving business success.
### Key Points of the Merger:
1. **Enhanced Capabilities**: By combining Counselect’s expertise in talent and consulting with Lawmetrik’s metric-driven solutions, the new entity is poised to offer comprehensive services for corporate legal departments, integrating legal functions seamlessly with business operations.
2. **Market Leadership**: The combined entity now leads the market in business and value consulting, focusing on legal transformation and value capture for clients.
3. **Deal Advisors and Legal Counsel**: Quantascend acted as deal advisors for Counselect, while INDUSLAW provided legal counsel. Acumen advised Lawmetrik, with YNZ Legal and Mahika Parikh serving as legal advisors.
4. **Strategic Alignment**: The acquisition is timely and aligned with evolving market dynamics, as legal and compliance functions increasingly drive business value and resilience, particularly in India-based Global Capability Centres.
5. **Future Plans**: The combined entity aims to expand into new geographies and client segments, leveraging the combined strengths of both companies to modernize and scale legal and compliance functions for clients. This includes deeper penetration into the GCC market.
### A Shared Vision for the Future
Both Counselect and Lawmetrik have played pivotal roles in enabling clients to navigate and capitalize on emerging trends, including in the areas of value capture, risk management, legal tech, and AI-readiness. Basil Almeida, founder of Lawmetrik, expresses excitement about joining forces with Counselect, stating, "We admire Counselect for its bold thinking and deep relationships across the in-house ecosystem."
### A Significant Milestone in Counselect's Growth Strategy
The acquisition is a significant milestone in Counselect's growth strategy. Founded by the team that built Vahura, the first-mover firm in specialist legal and governance recruitment in India, Counselect has consistently demonstrated its commitment to innovation and excellence in the legal and business consulting space. The strategic merger further enhances capabilities in legal tech for the combined entity.
This strategic move underscores the growing importance of legal and compliance functions in driving business success, particularly as companies seek to modernize and scale their legal operations using innovative technologies and talent strategies. The acquisition does not involve Arkade Developers, Filmistan Studios, WebEngage, Sanjay Prasad, niche firms, law mergers and acquisitions, stock market quotes, India news, or the website app.
- In the rapidly evolving finance industry, the combined entity of Counselect and Lawmetrik, now a market leader in business and value consulting, will leverage their integrated legal and business operations to provide comprehensive services, focusing on legal transformation and value capture for clients, including within the DeFi sector.
- The merger will position the new entity to offer sophisticated solutions that align with the growing importance of legal and compliance functions in driving business success, especially in the context of India-based Global Capability Centres and the broader business market.
- As strategic advisors, Quantascend and INDUSLAW provided counsel for Counselect,while Acumen and YNZ Legal, along with Mahika Parikh, advised Lawmetrik, enabling this strategic move that underscores the significance of legal tech and talent strategies in the finance and business world.
