Source: Harbor
Harbor Global, provider of consulting and technology services to the legal industry, announced that it has received a majority investment from BayPine, a private investment firm that drives digital transformation in market-leading businesses. Harbor’s initial private equity sponsor Renovus Capital Partners will remain a significant investor in the Company, alongside the existing Harbor management team.
“The legal industry is undergoing a generational transformation driven by the rapid development and availability of emerging technologies and tools. Applying advanced technologies and AI to business operations and legal workflows is game-changing, but the scope and scale of the transformation required to capitalize on the potential opportunities is significant,” said Matt Sunderman, Chief Executive Officer of Harbor.
“Since embarking on the creation of Harbor, we have strategically grown the Company to ensure we have brought together the world’s leading group of experts, breadth of solutions, global capabilities, and network of alliances to support law firms and corporate legal departments with the right guidance and resources as they transition to a digital-first future. We selected BayPine as our new long-term strategic partner as its digital-first domain expertise is highly complementary to the deep industry knowledge of our teams, and we look forward to building upon the momentum of the last three years of our partnership with Renovus.”
“Harbor serves as a distributor of innovation to the legal sector, helping many of the world’s largest and most complex legal enterprises shape and execute their modernization roadmaps,” said Will Tetler, Partner at BayPine. “The Company’s global scale, bench of industry expertise, breadth of capabilities, and consistent execution track record set it apart and have resulted in exceptional client and employee satisfaction and retention. By continuing to expand its service offerings, advising clients on the thoughtful adoption of next-gen technologies, such as artificial intelligence, and further deepening its strong relationships across the legal ecosystem, Harbor is poised for continued growth both organically and through strategic acquisitions.”
“We are proud of Harbor’s significant growth in delivering high-end professional services to the legal sector, and look forward to continuing on the journey as a strategic partner to BayPine and the Harbor management team,” said Lee Minkoff, Managing Director at Renovus, who remains on the Harbor board of directors. “With the additional investment plus BayPine’s digital-first focus, Harbor will be able to accelerate its mission to help its clients navigate the future of law.”
Read the full article: https://harborglobal.com/news-releases/harbor-receives-majority-investment-from-baypine-to-drive-digital-innovation-across-legal-sector
