Fast on the heels of the Sept. 10 announcement that Atrium — the combination law firm and legal technology company — had raised $65 million, today comes news that enterprise legal services provider UnitedLex has received a majority investment from CVC Capital Partners.
Although the amount of the investment was not disclosed, the company said in an announcement that the investment “represents one of the largest transactions to date with any legal services provider.”
The UnitedLex senior leadership team has fully reinvested in the transaction, the announcement said. The transaction is subject to customary regulatory approvals.
The announcement said that UnitedLex, founded in 2006, had closed deals worth $1.5 billion in total contract value over the last 18 months.
UnitedLex provides enterprise legal services to corporations, law firms and universities. Its services focus on contracts and commercial transactions, litigation, intellectual property, consulting, and compliance.