blackrock morae invesment

BlackRock invests in Morae – could this mean more acquisitions on the horizon?

In a press release from Morae Global Corporation which can be seen here, BlackRock is providing growth capital that will allow Morae to further expand its its market presence and capabilities.

According to the press release “The closure of this new funding marks a milestone in Morae’s remarkable journey and in our mission to transform the legal industry through our vision, people and technology,” said Shahzad Bashir, Chairman and CEO at Morae. “We are grateful to our new and existing investors for their commitment and support which adds momentum for the next stage of Morae’s continued growth and development. We plan to announce a new acquisition which will expand the scale of our operations, service capacity and market share for the delivery of technology-enabled solutions for law firms and corporate legal departments.”

With a string of acquisitions such as Phoenix Business Solutions (2019), Janders Dean (2020), and Trinogy Systems (2021) will there be further consolidation in the market of consulting firms?