“vLex and Fastcase, two of the largest, fastest-growing legal technology companies, announced today that they are merging to form the world’s largest law firm subscriber base with more than one billion legal documents from more than 100 countries. As part of the merger, Oakley Capital and Bain Capital Credit are investing in the combined business to expand its global reach and accelerate the company’s legal artificial intelligence (AI) lab, which develops AI tools that streamline research, tracking, writing, and filing documents for the legal industry.

“The legal profession has been a late adopter of technology, but lawyers are gaining more of an appetite for artificial intelligence tools in recent years,” said vLex CEO Lluís Faus. “Bringing these two highly successful businesses together will help democratize the law for legal professionals worldwide through a dynamic and robust platform that improves legal research accuracy, efficiency, and affordability.”

The new combined entity will be called vLex Group, and its products will retain the name of vLex in global markets and Fastcase in the U.S. The company, which has offices in the United States, Europe, the U.K., Asia, and Latin America, will combine management teams and invest in unified global products based on the complementary strengths of both firms. It will maintain headquarters offices in Washington, D.C., Miami, and Barcelona. JEGI CLARITY, a leading M&A advisory firm for the legal, media, marketing, information and technology industries, represented Fastcase in this transaction…”