Use the once-chilling phrase “vendor consolidation” around anyone who has been watching the enterprise software market for the past few years, and chances are you’ll barely elicit a goose bump. Headline-grabbing deals like Oracle Corporation’s 2005 takeover of PeopleSoft, Hewlett-Packard’s recently unveiled plan to acquire Mercury Interactive and a host of less splashy mergers and acquisitions have gotten us used to the idea that the marketplace may well coalesce around a handful of large vendors.
But in the legal-tech sector, this already long-in-the-tooth IT trend has just started teething. In fact, last week’s news that household-name information services provider LexisNexis would be acquiring two of this market’s category leaders — evidence management software company Dataflight Software and case analysis litigation services firm CaseSoft — was the first really big bite.
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