Exe.co Acquires Cacti Legal to Enhance AI-Enabled Legal ServicesExe.co Acquires Cacti Legal to Enhance AI-Enabled Legal Services **.
** New York, NY – July 24, 2024 – Execo, an alternative provider of next-generation legal services, has acquired Cacti Legal, a pioneer in AI-led legal managed services, including Contract Lifecycle Management (CLM), Contract Abstraction, and Legal Operations Support. This strategic acquisition marks Execo’s sixth in just 12 months, demonstrating its commitment to integrating Legal Process Outsourcing (LPO) companies and Alternative Legal Service Providers (ALSPs) into its global portfolio. **.
** “Legal departments are increasingly expected to embrace technologies that promise significant ROI, but often require extensive human intervention to deliver reliable results,” said Patrick Linton, CEO of Execo. “At Execo, we focus on what we call ‘Return on AI’ – ensuring that our AI integrations not only meet immediate technology needs, but also provide lasting value.” **.
** Cacti Legal, led by Akhilesh Rautray, a former lawyer and tech entrepreneur, transforms lawyers into legal engineers who harness technology to enhance the delivery of legal services. “Consulting firms and legal departments are seeking new and efficient ways to integrate technology into daily services,” said Rautray. “We share Execo’s vision of redefining the delivery of alternative legal services through the thoughtful integration of GenAI, recognizing that human intervention, governance, and proactive vendor assessment are crucial for success in legal AI. Our team is excited to join Execo and continue delivering world-class solutions.” **.
** Rautray and his co-founders Nitin Agrawal and Saurabh Agrawal will assume senior global leadership positions at Execo. **.
** About Execo Founded in 2023, Execo provides cutting-edge legal services by integrating GenAI and human expertise. Execo acquires successful legal services companies and transforms them into GenAI-driven managed legal services, delivering tangible results for evolving legal departments. Led by Patrick Linton and an experienced management team, Execo’s 400 professionals serve over 100 clients in six countries. Visit www.execo.com for more information. **.
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To carry outan alternative provider of next-generation legal services, today deepened its commitment to the legal sector with the strategic acquisition of Cacti Legala pioneer in AI-led Legal Managed Services, including Contract Lifecycle Management (CLM), Contract Abstraction and Legal Operations Support. This acquisition is Execo’s sixth in just 12 months, highlighting the company’s ongoing strategy to enhance its capabilities by integrating Legal Process Outsourcing (LPO) companies and Alternative Legal Service Providers (ALSPs) into its global portfolio.
“Legal departments are increasingly expected to embrace technologies that promise significant ROI, but often require extensive human intervention to deliver reliable results. At Execo, we focus on what we call ‘Return on AI’ – ensuring that our AI integrations not only meet immediate technology needs, but also provide lasting value,” said Patrick LintonCEO of Execo. “We believe in technology as an enabler, not a replacement, with expert human judgment at the heart of what we do. This approach is essential for legal departments and businesses looking to effectively navigate the complexities of AI adoption.”
Cacti Legal, led by Akhilesh Rautray, a former lawyer and tech entrepreneur, is at the forefront of transforming lawyers into legal engineers who use technology to make the delivery of legal services more efficient.
According to Rautray, “Consulting firms and legal departments are looking for new and better ways to successfully integrate technology into daily services, without increasing risk and complexity. We believe in Execo’s vision to redefine how alternative legal services are delivered, through the thoughtful integration of GenAI, not to mention that human intervention, governance and proactive GenAI vendor assessment and selection are the keys to true success in the world of legal AI. Our team of legal engineers is excited to continue delivering world-class solutions to our clients as they navigate this new world of legal AI.”
Rautray and his co-founders Nitin Agrawal And Saurabh Agrawalwill hold senior global leadership positions at Execo.
About Execo
Founded in 2023, Execo is a next-generation legal services company transforming the way companies engage with their service providers by thoughtfully integrating GenAI where it matters and people where it matters. Execo actively acquires successful legal services companies and transforms traditional FTE-based business models into GenAI-driven managed legal services that deliver tangible results for rapidly evolving legal departments. Led by entrepreneur Patrick Linton and a strong management team with years of experience in executing business solutions, Execo’s 400 professionals in six countries serve more than 100 clients across a wide range of industries. For more information, visit www.execo.com.
