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Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

LawSites

It began by acquiring Bill4Time in 2017, followed by PracticePanther in 2018, MerusCase in 2019, and Headnote in 2020. Paradigm says it has seen substantial growth in recent years as law firms have moved to cloud-based products, and that it currently serves 11,000 law firms. Financial terms were not disclosed.

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Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues

LawSites

Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments up 11.2 % in the first quarter of 2021 over the prior year. With e-payments, the time it took firms to collect invoices decreased by 20.4%, and their collections increased by 6.7%

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Paradigm Acquires TrustBooks, Adding Accounting to its Suite of Practice Management Products

LawSites

Paradigm , the parent company to four legal practice management and payments products — PracticePanther , Bill4Time , MerusCase and Headnote — today adds a fifth, as it acquires TrustBooks , the cloud-based accounting software built specifically for law firms.