Porzio, Bromberg & Newman offices in Morristown, NJ. Courtesy photo Porzio Bromberg Breaks Ground in Selling Subsidiary to Private Equity Firm
Health care-focused RLDatix's purchase of Porzio Life Sciences for an undisclosed amount makes it the first private equity buyer of a U.S. law firm subsidiary.
October 17, 2022 at 09:49 AM
5 minute read
Innovation
In a first-of-its-kind sale of a U.S. law firm legal tech subsidiary to a private equity fund, New Jersey-based Porzio, Bromberg & Newman is offloading its compliance technology-focused Porzio Life Sciences unit to RLDatix for an undisclosed amount.
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