It seems everybody’s getting into the IT services game, with law firm, MinterEllison, acquiring Sydney-based boutique technology consulting firm, ITNewcom.
ITNewcom, which has a two decade history as a boutique IT strategic advisory, spend optimisation, and benchmarking firm, became part of the Sydney-founded law and professional advisory firms, on 1 July.
MinterEllison’s acquisition mirrors similar moves by other traditionally non-tech firms, such as Deloitte, to snap up IT service providers in a bid to bulk up their own technology consulting prowess.
But why would a law firm want to make an IT play?
According to MinterEllison CEO, Tony Harrington, the ITNewcom offering complements, and is a “great fit”, with MinterEllison’s own "market-leading technology legal offering".
Harrington suggested that the merger of the two organisations would “significantly enhance” MinterEllison’s ability to offer "industry-leading" integrated solutions.
“We believe this transaction is both a game-changing and a sector-changing move for a top tier firm such as ours. It is a decisive step in the implementation of our firm's 2020 strategy,” Harrington said.
Under the acquisition deal, ITNewcom will form part of a newly-launched MinterEllison technology consulting practice, which is part of a broader technology solutions practice for the law firm.
At the same time, a new ITNewcom synergy leadership group will be established. This group will comprise ITNewcom CEO, Brendan Welsh, MinterEllison’s technology practice lead, Anthony Lloyd, cyber security expert, Paul Kallenbach, and strategic procurement and IT project specialist, Amanda Story.
For Andrew Cunningham, MinterEllison’s innovation lead, and new lead for the law firm’s consulting solutions practice, the company came to the acquisition after deciding to focus on creating an innovative suite of solutions to complement its legal offerings.
Now, according to Cunningham, the law firm’s clients will have the option of an end-to-end, multi-disciplinary solution to achieve their desired outcomes in complex technology transactions.
“Joining ITNewcom's complementary expertise with our existing market-leading technology practice will allow us to deliver seamless integrated consulting and legal solutions to clients seeking sophisticated technology outcomes,” Cunningham said.
“Our specialist expertise now includes important services such as benchmarking, strategic sourcing, negotiation support, transition management and ongoing supplier management,” he said.
Cunningham said that MinterEllison settled on ITNewcom due, in part, to the calibre of the company’s people and services.
The company’s compatible culture, solid leadership, and track record of growth also played a part, according to Cunningham.
"Once we decided to add technology consulting capability to our firm's offering, ITNewcom was our first choice of partner,” he said. “We have worked with Brendan and the ITNewcom team many times over the years.
“We have long regarded them to be the best in the market, with strong leadership under Brendan and his senior leadership team comprising Debbie McLaughlin, Stephen Craike, Kim Gordon and Simon Lewis together with, a highly compatible culture and an enviable track record of growth," he said.