Craig Ball calls it the “Day After Christmas” effect. “You know how ailing retailers hang on until Christmas before deciding to throw in the towel? Well, for the thinning ranks of e-discovery vendors, LegalTech New York is Christmas, and you can bet that anyone hitting the skids — who didn’t manage to save face through a fire sale acquisition negotiated in the halls of the Hilton — is running out of options,” says e-discovery columnist Ball.
Indeed, on Feb. 5, the day after LTNY wrapped, a press release announced that Onsite Sourcing Inc. was filing for bankruptcy, and would be acquired by Integreon Managed Solutions Inc. (http://tinyurl.com/eddu925.)
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