Legalpeople acquires ProjecTemps in US
Legalpeople, which furnishes contract attorneys to law firms and corporate legal departments, is acquiring ProjecTemps, a business-within-a-business located in Plante Moran's Chicago office. Together the two companies will bring in an estimated $40 million to $50 million in revenue this year, said Legalpeople founder and president Jim Kosciolek.
The deal will give Legalpeople the heft to compete for larger projects like antitrust or class-action cases, Kosciolek said. It increases the number of contract attorneys actively working on projects by 40 percent, as well as expanding its facilities infrastructure and client list.
"It's like jumping on a moving train," he said. "We buy them, and we're immediately into the flow. We have clients we didn't have two days ago."
Jill Rorem, head of ProjecTemps and an income partner at Plante Moran, will move her nine-person team to Legalpeople. A former employment attorney and trainee at a Hollywood talent agency, Rorem developed the document review business at Plante Moran from a handful of lawyers to an enterprise with workstations for more than 225 attorneys at its space in the Loop. But ultimately, to continue to grow the firm needed to be in an environment for legal staffing, not auditing and consulting.
"We got to the place where it was too much (for Plante Moran) to support, and there weren't a lot of synergies between what I do and what the rest of the firm does," she said.
The acquisition has expanded ProjecTemp's reach, Rorem said, since it has eight other offices around the country.
Legalpeople has about 500 contract attorneys working on projects, and ProjecTemps will add approximately another 200. The acquisition adds more seats in Chicago, in addition to the 150 Legalpeople already had at its facility. That gives the company an edge against competitors staffing projects in New York and Washington's more expensive labor markets.
"We've had fairly large-scale (projects), but there's another level we think we can get to with this," Kosciolek said.
Terms of the deal were undisclosed.
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