DiscoverReady Poised For Growth
Industry leader prepares to strengthen services mix and market position
NEW YORK (June 12, 2014) —DiscoverReady LLC, a leading provider of corporate legal discovery services for Fortune 500 legal departments and their outside counsel, today announced that it has become an independently managed company following the United States Bankruptcy Court in Delaware’s confirmation of the chapter 11 reorganization plan for The Dolan Company and its subsidiaries.
Following the reorganization, investment funds managed by Bayside Capital, Inc. became the majority owner of DiscoverReady. Bayside Capital is an affiliate of H.I.G. Capital, a leading global private investment firm with more than $15 billion of equity capital under management. DiscoverReady now has an appropriate capital structure to support its ongoing operations and its continued growth.
“DiscoverReady is a market leader in the rapidly growing eDiscovery sector,” said Jackson Craig, a Managing Director of Bayside Capital. “We are excited to partner with the DiscoverReady management team and to support the company’s growth initiatives.”
Chief Operating Officer John Ritter notes, “We’re now positioned to enhance our valued client partnerships. With the reorganization complete, we’ll drive the innovation and expertise that fuel our defensible solutions and services.”
“With our existing and dedicated management team in place, and Bayside Capital’s backing, we’re looking forward to the continued delivery of the quality and service our clients have come to expect,” states Paul Yerkes, DiscoverReady Chief Sales Officer.
Propelled by the best and brightest discovery professionals, leading technologies and time- and court-tested processes, the company has consistently received number one rankings in a variety of “best in industry” categories, including: Best Predictive Coding Solution (New York Law Journal, 2012/2013; The Recorder, 2012/2013; Legal Times, 2013) and Best Managed Review Service Provider (Legal Times, 2013). It has also been recognized by industry-leading technology partners for outstanding and exceptional expertise and customer service (kCura’s Orange-level Best in Service recognition, 2012/2013).
Founded in 2005, DiscoverReady pioneered the fixed-fee, process-driven document review model and provides solutions and services that lower costs, reduce risk and improve quality within the enterprise discovery process. It maintains offices in New York, Charlotte, San Francisco, Detroit, Los Angeles, Seattle and Houston.