In a calculated strategic realignment, Epiq announced the sale of its Global Business Transformation Solutions (GBTS) division to K2 Services, a managed services provider with a strong pedigree in IT solutions for the legal industry. This transaction allows Epiq to refocus its resources and commitment toward technology-enabled legal solutions, a direction set by its leadership as part of the company’s evolving vision.
The agreement adds substantial breadth to K2 Services’ offerings. The Chicago-based company, traditionally recognized for its IT managed services in the legal sector, has expanded its purview through this acquisition. K2’s purchase of outsourcing and staffing entity Forrest Solutions further diversifies its capabilities and aligns with its strategic ambitions. Together, these acquisitions—backed by a significant investment from Renovus Capital Partners—bolster K2’s position as a comprehensive managed services provider, enhancing its ability to deliver broad-spectrum solutions that incorporate both technology and personnel expertise.
For Epiq, known as a significant player in providing alternative legal services, this divestiture underscores a commitment to sharpening its focus on the technological domain, including the development and integration of proprietary AI solutions and Software as a Service (SaaS) products. CEO David Dobson highlighted that this move enables Epiq to dedicate further resources towards innovation within the legal ecosystem, enhancing their technological impact as a solution provider.
Through this divestiture, GBTS’s contributions to streamlining business operations and increasing efficiencies will integrate into K2 Services’ expanded offerings. More than 4,500 professionals across the newly combined entity will be positioned to deliver front, middle, and back-office managed services, enabling clients to allocate more resources to core business activities.
K2 Services, under new leadership by Michelle Deichmeister, the former president of Epiq GBTS, is steering this newly amalgamated organization into a new phase. Deichmeister and her team are focusing on executing strategies that not only provide managed services but also act as operational architects for their clients, shaping the foundational operations necessary for client success.
The financial backing from Renovus Capital Partners, as explained by managing director Lee Minkoff, reflects the confidence in this strategic endeavor, which aims to fill an industry gap by offering streamlined business and technology services. These services are poised to allow clients to focus on growth and revenue-generation while enhancing their operational infrastructures.
This strategic shift signals a dynamic movement within the professional services sector, as both Epiq and K2 Services recalibrate to meet the evolving needs of their respective markets, positioning themselves strategically for future growth and leadership in their fields.
For a more detailed examination of this transition, refer to the full coverage on LawNext.