NEW YORK (S&P Global Ratings) June 29, 2021—U.S.-based legal process outsourcing provider DTI Holdco Inc. continues to report steady improvements in operating performance with expected second-quarter legal service bookings of $80 million, approximately 30% higher than its average bookings over the past two years. We expect DTI's legal solutions and settlements services to be the primary driver for revenue growth in 2021, albeit still below 2019 levels. We believe the legal process outsourcing (LPO) industry is likely to benefit from pent-up demand due to increased second requests around mergers and acquisitions, with pandemic-related litigation expected to increase in 2022. Further, a new presidential administration more focused on regulation, specifically for big technology companies, should support demand for LPO services. Our
