October 18, 2018 – Acquisitions continue to make big news in the executive search industry. JURISolutions Inc. (JSL), a legal services firm, has acquired Link Legal Search Group, a Dallas-based legal executive search firm, as a strategic piece of the new full-service executive search division of JSL. Financial details of the deal were not disclosed.
Link Legal Search Group, which focuses on retained legal search services for law firm and corporate legal department clients, will operate as a division of JSL, effective immediately. Rahul D. Yodh, founder of Link Legal Search Group, will serve as the senior managing director of Link Legal Search Group and will lead the firm’s Dallas office. JSL’s co-founder, Jim LaRosa, will assume the role of president of the new JSL full-service executive search division.
Link Legal Search Group was founded by Mr. Yodh in 2009 to take the strategic, targeted, research-driven approach utilized by executive search firms in order to help law firms and corporate legal departments recruit the best talent in the marketplace. The firm has completed hundreds of searches for AmLaw 100 firms, high-end boutiques and in-house legal departments. “Combining with JSL presented me with a fantastic opportunity to enhance the quality of service to existing clients and increase reach in the market,” said Mr. Yodh.
As a value-driven source of legal talent, JSL offers a wide range of service offerings to meet clients’ needs, including both retained and contingent legal and non-legal executive search services. Its full-service executive search division provides talent acquisition solutions for executive and management level positions, as well as in-house attorneys, GCs, law firm associates, partners and groups.
“We’re building an executive search program that can meet the needs of the myriad of clients we have,” said JSL’s president and CEO, Cindy Towers. “We chose to acquire Link Legal Search Group because of their specific retained legal search experience.”
A number of private equity, staffing and advisory companies have acquired recruiting firms in recent months. Here’s a sampling from the Hunt Scanlon Media archives:
The Power of Talent Ltd. (Bidco), an entity owned and controlled by investment funds managed by DBAY Advisors, has made a £98.7 million bid to acquire London-based recruitment firm Harvey Nash. David Morrison, investment director of DBAY, said his firm was pleased to have reached agreement with the Independent Harvey Nash directors.
Executive search firm Vaco was recently acquired by Stamford, Conn-based private equity firm Olympus Partners. Founded in 2002 by Jerry Bostelman, Jay Hollomon, and Brian Waller, Vaco partnered with its first private equity partner, Quad-C Management, three years ago.
Recruitment firm CDI Corp. has agreed to be acquired by AE Industrial Partners, a private equity investor specializing in aerospace, power generation and specialty industrial companies. AEI will acquire all of the outstanding shares of the company’s stock for $8.25 per share in an all-cash offer and follow-on merger.
TechnoPro Holdings acquired Tokyo-based Boyd & Moore Executive Search. Financial terms of the deal were not disclosed. Boyd & Moore is a global executive recruitment firm operating primarily in the technology sector, serving multinational clients. With $1 billion in revenue and more than 13,000 engineers, TechnoPro is Japan’s largest engineering staffing outfit.
Simione Healthcare Consultants acquired Healthcare Concepts Inc., a Memphis-based executive recruitment firm that specializes in the home care and hospice industry. The transaction combines the Healthcare Concepts team with Exact Recruiting, which was acquired by Simione in April.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media