It’s been a busy year for legal tech companies raising significant funding and acquiring competitors. But when companies merge, employees at all levels wait with bated breath for redundancy rounds that could cut their job.
“Everyone knows,” said John Tredennick, former CEO of e-discovery company Catalyst before it was acquired by OpenText in January. “You can’t go in and buy a company and expect employees will stay around. Your biggest worry is many of those employees are polishing up their résumés when the [merger] rumors hit.”
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