Berkshire Partners Announces Agreement to Sell WordWave, Inc. to Merrill Corporation.BOSTON -- Boston-based private equity firm Berkshire Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Berkshire") today announced the signing of a definitive agreement to sell WordWave, Inc. ("the Company") to Merrill Corporation. Terms were not disclosed. WordWave, headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , is a leading provider of court reporting, transcription, captioning, and videography vid·e·og·ra·phy n. The art or practice of using a video camera. vid  e·og services for law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
When a person begins a civil lawsuit, the person enters into a process called litigation. clients, broadcast networks and web-based content providers. The Company serves major markets domestically and abroad including New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , London and Sydney. Minnesota-based Merrill Corporation is a leading global provider of technology-enabled services for the legal, financial, real estate and other corporate markets. WordWave was initially formed in January 1997 by Berkshire in order to consolidate the highly fragmented court reporting industry. Over the years its strategic purview The part of a statute or a law that delineates its purpose and scope. Purview refers to the enacting part of a statute. It generally begins with the words be it enacted and continues as far as the repealing clause. broadened to include other services. Today WordWave is considered a leading international provider of transcription and captioning services to the legal and entertainment markets. "We've been building WordWave organically as well as through numerous acquisitions, and are delighted with this successful outcome for the business," said Kevin T. Callaghan, Managing Director of Berkshire. "WordWave CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Perry Solomon and his team have done a terrific job of developing the Company internally, integrating strategic acquisitions, and extending the Company' litigation support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to multiple end markets and countries." "We have enjoyed our partnership with Berkshire Partners," said Mr. Solomon. "Joining Merrill will allow us to pursue new opportunities, capitalize on market trends, and provide our customers the best in litigation support." Harris Williams & Co. acted as advisor to WordWave in the sale. Weil, Gotshal & Manges LLP LLP - Lower Layer Protocol serves as legal advisor. About Berkshire Partners LLC Berkshire Partners has invested in mid-sized private companies for the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. through six investment funds with aggregate capital commitments of approximately $3.5 billion. The firm's investment strategy is to seek companies that have strong growth prospects and to partner with talented management teams who are interested in being owners of the companies they operate. Berkshire has developed specific industry experience in several areas including consumer products, industrial manufacturing, transportation, communications, business services, and retailing and related services. Berkshire has been an investor in over 80 operating companies with more than $13.0 billion of acquisition value and combined revenues in excess of $17 billion. Additional information may be found at www.berkshirepartners.com. About WordWave, Inc. WordWave (www.wordwave.com) is a privately-held, international provider of litigation support, captioning and subtitling, and court reporting and transcription services. Services include simplifying and expediting information capture and creating an effective asset for law firms, media and entertainment companies, businesses, and public sector organizations around the world. WordWave is comprised of three business units, LegaLink, VITAC, and WordWave International, that leverage similar technologies, resources, and skill sets to capture, transcribe To copy data from one medium to another; for example, from one source document to another, or from a source document to the computer. It often implies a change of format or codes. , and disseminate the spoken word across a range of industries. WordWave's litigation support division, LegaLink, (www.legalink.com) is the global leader in court reporting, legal videography, and trial services. LegaLink is the number one choice for clients involved in complex, high-stakes litigation, providing one-stop convenience, the best reporters in the business, and cutting-edge technology. With 30 offices and over 400 affiliates worldwide, LegaLink supports law firms and corporations wherever litigation takes them-all with the convenience of one call scheduling with their local office. About Merrill Corporation Founded in 1968, Merrill Corporation (www.merrillcorp.com) is a leading global provider of technology-enabled service solutions for the financial, legal, real estate and other corporate markets. Merrill combines deep industry expertise with superior service and infrastructure to deliver world-class document, brand marketing, print, fulfillment, language and e-business solutions. With more than 4,400 people in 60 locations, Merrill empowers the communications of the world's leading companies. Merrill Corporation's Document Management Services business (www.merrillcorp.com/law) is a leading provider of single-source document and information management solutions for legal and other professional services firms. Merrill's litigation support services, including electronic discovery and Web-based data repositories, delivers sophisticated technology solutions to enhance speed, efficiency and accuracy of the litigation process. Large-scale litigation copying and document imaging and coding are provided on a transactional basis. Professionally staffed and equipped Document Service Centers provide clients with comprehensive, on-site services tailored to their specifications, from basic copying, mailroom management and equipment leasing to complex, technology-based document services such as desktop publishing and electronic scanning. |
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