Execo expands its delivery capabilities by
acquiring Alternative Legal Services Provider (ALSP) Cacti
Legal.
NEW YORK, July 17, 2024 /PRNewswire/ -- Execo, a
next-generation alternative legal services provider, today deepened
its commitment to the legal industry with the strategic acquisition
of Cacti Legal, a pioneer in AI-led Legal Managed Services
including Contract Lifecycle Management (CLM), Contract
Abstraction, and Legal Operations Support. This acquisition marks
Execo's sixth in just 12 months, highlighting the company's ongoing
strategy to enhance its capabilities by integrating Legal Process
Outsourcing (LPO) firms and Alternative Legal Service Providers
(ALSPs) into its global portfolio.
"Legal departments are increasingly expected to adopt
technologies that promise significant ROI, yet often require
extensive human intervention to deliver reliable results. At Execo,
we focus on what we call 'Return on AI' – ensuring our AI
integrations not only meet immediate technological needs but also
provide sustained value," said Patrick
Linton, CEO of Execo. "We believe in technology as a tool
for enhancement and not replacement, keeping expert human judgment
at the core of what we do. This approach is essential for legal
departments and companies seeking to navigate the complexities of
AI adoption effectively."
Cacti Legal, led by lawyer-turned-tech entrepreneur Akhilesh
Rautray, has been at the forefront of transforming lawyers into
Legal Engineers who leverage technology to enhance legal service
delivery efficiently.
According to Rautray, "Consulting firms and legal departments
are looking for new and better ways to successfully integrate
technology into day-to-day services, while not increasing risk and
complexity. We believe in Execo's vision of redefining how
alternative legal services are delivered, through the thoughtful
incorporation of GenAI and not forgetting that human intervention,
governance and pro-active GenAI vendor assessment and selection are
key to true success in the world of legal AI. Our team of legal
engineers is excited to continue to deliver world-class solutions
to our customers as they navigate this new world of legal
AI."
Rautray and his co-founders Nitin
Agrawal and Saurabh Agrawal,
will take senior global leadership positions in Execo.
About Execo
Founded in 2023, Execo is a next-generation legal services
provider that is changing the way companies engage with their
providers by thoughtfully incorporating GenAI where it matters and
people where it counts. Execo actively acquires successful legal
service providers and transforms traditional FTE-based business
models into GenAI-powered managed legal services that deliver
tangible outcomes for rapidly changing legal departments. Led by
entrepreneur Patrick Linton and a
strong management team backed by years of experience executing
business solutions, Execo's 400 professionals located across six
countries serve over 100 clients across a diverse set of
industries. For more information, visit www.execo.com.
Contact:
Aaron Marks
Chief Marketing Officer
aaron@execo.com
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