Generational Equity Advises Legal Cost Control in its Sale to Alan Gray

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to
announce the sale of its client, Legal Cost Control, Inc. to Alan Gray LLC. The acquisition closed September 8, 2022.

Legal Cost Control (LCC), located in Haddonfield, New Jersey, is the foremost company in Legal Spend Management & Matter Management services. The Company’s founder, President
John J. Marquess, Esq., is universally credited with the creation of legal auditing in the 1980s. LCC personnel performed the country’s first legal bill reviews and audits in 1985, created the first e-Billing process in 1996, and pioneered the
first integrated Matter Management system in 2003.

Since 1985, LCC personnel have reviewed over $42 Billion in legal and professional billings, and the Company currently oversees legal bill reviews of millions of dollars of billings for corporate clients throughout the U.S.

During the mid-1990s, LCC developed one of the world’s first fully-functional “wire-to-wire- web-based, paperless” systems for use by its clients, free of charge. Today, LCC’s core bill review services are supported by its proprietary
Simple Invoice Management System (SIMS), a web-based invoice management system capable of processing all forms of legal bills in a unified, electronic format, which LCC then subjects to exhaustive artificial intelligence and subjective analytical

SIMS has been continuously maintained, upgraded and refined over the Company’s years in operation, and includes several modules from which clients can choose all or some. Utilizing advanced technologies, data analytics, dashboards and active collaboration,
the system allows clients to monitor unlimited metrics simultaneously, allowing instant status of matters/cases and legal bills.

Headquartered in Boston, Massachusetts, Alan Gray (AG) was established in 1988 as a claims and audit advisory firm, and over the years has built a reputation as a cost-effective,
reliable and trusted resource to those involved in the management of risk. Providing claims, accounting and analytics services, and consulting on risks and exposures from the simple to the most complex, AG places the utmost emphasis on client service
and satisfaction. They are an adviser and partner to a client base that includes major insurers and reinsurers, Fortune 500 companies, law firms, MGAs, brokers and captives.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A , Moses Shmueli, with the support of Senior Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director David Pickard established the initial relationship with LCC.

“Alan Gray was very impressed by the people at LCC as well as the web-based, AI technology underlying its SIMS product. Developed over three decades, I am excited to see the product and service continue to evolve under the capable hands of Alan
Gray,” said Shmueli.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit