Bowstring Advises Counsel On Call in its Recapitalization with Gridiron Capital

April 22, 2014 | Atlanta, GA

Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Counsel On Call (the “Company”), in its recent recapitalization with Gridiron Capital, LLC (“Gridiron”). Gridiron’s investment will support Counsel On Call’s growth and commitment to leading the value-driven delivery of legal services to corporate in-house legal departments and top law firms.

Counsel On Call has been a true innovator in the legal services sector for 14 years. Working closely with its clients, the Company has developed an extensive array of “managed services” (voluminous work that needs process, effective project management, attorney teams, metrics, and accurate budgeting), provides one experienced attorney at a time for discreet matters, and consults and collaborates with clients on the best ways to handle legal work.

The partnership with Gridiron is a perfect fit, according to Counsel On Call CEO Jane Allen.

“We have built a successful company that approaches the delivery of legal services in a unique manner that prioritizes both legal and business results,” Allen remarked. “We are excited about our partnership with Gridiron – it is an exciting step in helping us achieve our business goals, continuing to improve upon the delivery of legal services for our clients and our employees. Gridiron’s experience and success in the business services sector, as well as its operational expertise, will be indispensable as we continue to grow.”

Allen further noted, “We are appreciative of the Bowstring team and their dedication to bring about this successful outcome.”

Jim Childs, Managing Director at Bowstring Advisors, said, “Counsel On Call has a terrific story with great people and offers tremendous value to its clients. The opportunity to work with a premier brand, combined with our sector focus, led to a competitive process and identification of the right partner for Counsel On Call. The management team and Gridiron share the same vision for the Company’s growth and continued dedication to its clients.”

Counsel On Call’s recapitalization with Gridiron was effective April 4, 2014. Terms of the transaction were not disclosed.

We are appreciative of the Bowstring team and their dedication to bring about this successful outcome. It is an exciting step in helping us achieve our business goals, continuing to improve upon the delivery of legal services for our clients and our employees. Gridiron’s experience and success in the business services sector, as well as its operational expertise, will be indispensable as we continue to grow.

Jane Allen
CEO
Counsel On Call