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AUSTIN & LONDON - Legal technology company DISCO (NYSE:LAW) has expanded its strategic eDiscovery partnership with Mourant, a law firm-led professional services business, according to a press release issued Tuesday.
The collaboration, which began in 2022, aims to enhance Mourant’s capacity to manage complex digital data across its litigation and consulting teams. Prior to the partnership, Mourant had been relying on external providers for eDiscovery services. While DISCO maintains strong liquidity with a current ratio of 6.75 and holds more cash than debt, InvestingPro data reveals ongoing profitability challenges with negative EBITDA of $42.6 million in the last twelve months.
Ledie Toscano, Mourant’s Associate Director of Digital Forensics & eDiscovery, said the firm needed a partner to help embed eDiscovery into its legal strategy due to "increasingly large and complex litigation, regulatory pressure and the sheer volume of digital evidence."
Through the partnership, Mourant has developed internal playbooks, protocols, and templates while working with IT and compliance teams to align with firm-wide governance. The firm reports it has been able to shift resources away from manual review processes.
Kristin Zmrhal, DISCO’s Vice President of Product Strategy, stated that building partnerships with firms like Mourant is "core to DISCO’s legal DNA."
The companies will co-lead a panel presentation titled "Mourant’s GenAI Blueprint: Navigating Complexity to Drive Revenue Growth" at Legal Geek 2025 in London on October 15.
DISCO provides cloud-native litigation technology solutions, while Mourant offers legal and professional services with expertise in offshore finance centers. The firm has offices in major financial centers including London, Hong Kong, and Singapore.
In other recent news, CS Disco reported its second-quarter 2025 earnings, which highlighted a narrower loss per share than analysts had anticipated. The company’s earnings per share (EPS) came in at a loss of $0.04, surpassing the forecasted loss of $0.07. However, CS Disco’s revenue did not meet expectations, reaching $32.7 million compared to the projected $37.58 million, marking a 12.99% shortfall. These results reflect mixed outcomes for the company, with a positive earnings surprise but a revenue miss. Despite the revenue shortfall, the earnings announcement led to a slight increase in investor sentiment. The results underscore the challenges CS Disco faces in aligning revenue with market forecasts. Investors and analysts will be watching closely to see how the company addresses these revenue concerns in the coming quarters.
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