So your company got bought by a competitor in the legal technology space … now what? As more middle-market legal service providers and software companies get absorbed by global consultancies and publicly traded companies, many seasoned legal technology professionals will find themselves faced with the uncertainties of working for a much larger, different organization. Here are some tips any employee going through an acquisition should consider in order to successfully prepare for the future:
The One Certainty
Josh Hass, former chief technology officer for De Novo Legal, which was acquired by Epiq Systems, summarizes his experience by simply stating, “The only thing guaranteed during this process is change.” When your company is acquired, it is no longer the same company. Things may stay the same for a period of months or even years, but you can count on change. Preparing for a new work environment can often be a mysterious task when no one is sure what those changes will be. Hass, who is now a senior manager at Ernst & Young in its Fraud Investigation & Dispute Services division, continues his advice by adding, “Do not let fear guide your decision-making process. Be smart: before signing anything, take your time.”
