Renovus Capital Partners expands legal services portfolio with KP Labs
Renovus Capital Partners, a Philadelphia-based private equity firm focusing on the knowledge sector, has further expanded its legal sector consulting portfolio with a strategic investment in Keesal Propulsion Labs (KP Labs).
Initially a part of San Francisco law firm Keesal, Young & Logan, KP Labs spun out in 2018 as an independent IT consultancy. The firm focuses on advising legal departments and law firms on contracts intelligence, business process and workflow automation, and data visualization and analytics.
KP Labs has a team of approximately 40 technologists, domain experts, engineers, designers, and analysts.
As part of the transaction, KP Labs will closely collaborate with HBR + LAC + Wilson Allen, a trio Renovus-backed, legal-focused management and IT consultancies that are merging into a single brand later this year.
"We are thrilled to welcome KP Labs. This strategic investment underscores our commitment to delivering cutting-edge solutions and driving transformative change in the legal industry,” said Matt Sunderman, CEO of HBR + LAC + Wilson Allen. “Together with KP Labs, we will leverage our combined expertise and resources to help our clients and technology partners achieve their business goals and navigate the evolving legal landscape."
KP Labs and HBR will work together to enhance services, explore new avenues of growth, and drive operational excellence for legal sector clients.
KP Labs will operate under its existing brand and Rudy DeFelice, CEO, and Justin Hectus, CIO, will maintain their roles.
"Joining forces with HBR presents tremendous opportunities for KP Labs to expand our impact and deliver even greater value to our clients,” DeFelice said. “We share a common vision of innovation, and this collaboration will fuel our collective efforts to drive industry-leading advancements in legal operations."