Manchester-based legal tech firm Summize has acquired the staff and key assets of the US firm InnoLaw Group.
The deal will absorb Seattle-based InnoLaw’s core personnel and intellectual property into Summize’s implementation wing. The consolidation aims to meet the growing corporate demand for human implementation support alongside automated AI contracting services.
The financial details of the transaction have not been disclosed, though the deal comes months after the company secured a fundraise of £40m.
“Bringing the InnoLaw team and the vast amount of knowledge and associated content in-house is a significant step for Summize,” said Tom Dunlop, chief executive of Summize.
“Their depth of experience in CLM implementation and adoption is exceptional… meaning we can guarantee the kind of value and outcomes our customers expect.”
InnoLaw chief client officer Lara Trope will join Summize to head its implementation function, however, company founder and chief executive Lucy Bassli will not join the firm, choosing instead to remain an independent advisor.
Summize is contract lifecycle management (CLM) platform that integrates its contract intelligence software into everyday enterprise tools such as Microsoft Teams, Outlook, and Salesforce.
