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We had a funny moment within the first couple minutes of our first recording, and from that point, we were off to the races and knew our vibe, said Joe Patrice, Co-Host of Thinking Like A Lawyer and Senior Editor at Above the Law.
ABA TECHSHOW 2020 kicked off with its 4th annual Start-Up Pitch Competition on February 26th. In so doing, the attorney activates an application that helps gather client information with ease while also integrating with existing practicemanagement platforms. New to ABA TECHSHOW was their ‘Un-Track for Doers’.
Paradigm — the parent company to practicemanagement platforms PracticePanther , Bill4Time and MerusCase and payments platform Headnote — is being acquired by Francisco Partners , a major investment firm that specializes in investments in technology businesses. Hot Market for PracticeManagement.
It launched in 2017 to great fanfare, promising to “revolutionize legal services” through its dual-entity model of both a lawfirm and a technology company. In 2020, Bluford published a book in which he claimed to have become an FBI informant assisting in a political corruption investigation into the former mayor of Sacramento, Calif.,
Intaker , a marketing automation platform for lawfirms, now integrates with the practicemanagement platform MyCase , so that every lead that comes in to a firm through an Intaker chat is automatically added to MyCase. Intaker was a participant in the 2020 Startup Alley at ABA Techshow (which I oversee).
The lawpracticemanagement company MyCase said today that it has acquired Docketwise , a software platform for immigration attorneys that provides case management, immigration forms, and client-relationship management. As reported here on April 20 , the practicemanagement company Paradigm acquired LollyLaw.
Do LawFirms Offer Maternity and Paternity Leave? Traditionally lawfirms have not been generous with leave for lawyers who have just given birth, or their partners. One journalist wrote in 2024 that lawfirms are notorious for pretending that attorneys just dont have a life outside of the office.
If there has been one constant about the qualifications to own an American lawfirm, it has been this–you must be a lawyer. jurisdictions for decades has been that non-lawyers cannot own lawfirms. Whether or not you are an attorney, running a lawfirm is a huge challenge, but the right software can help.
Marking its second acquisition this year, the cloud practicemanagement company SurePoint Technologies has acquired Coyote Analytics , a company that provides practicemanagement, financial management and business intelligence software for lawfirms.
Actionstep , a cloud-based lawpracticemanagement platform, has acquired the Australian practicemanagement company FilePro and its 4,000 lawfirm customers in Australia. In 2022, Actionstep acquired the Australian practicemanagement company LawMaster. ”
The cloud practicemanagement company SurePoint Technologies today announced a strategic investment from the private investment firm Aquiline Capital Partners by which Aquiline will acquire a majority ownership stake in the company. It was started as the sister company to a Cincinnati accounting firm of the same name.
When it comes to lawfirm billing, hourly billing is still a mainstay of the legal industry. But the billable hour is no longer the only option for lawfirms. Alternative fee arrangements (also known as AFAs) can fill gaps, complement your practice’s billing structure, and benefit your clients and firm.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Legal teams are being pressed to control costs and better respond to changing regulatory and risk management obligations. Increasing lawpractice specialization.
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for lawfirms. If queried, most lawfirms would point to March of 2020 as the point in time that everything changed. APX is a unique offering to the legal community in many ways.
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”. It is as if we are serving time in a legal tech limbo.
It’s also an important metric for lawfirm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your lawfirm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average lawfirm revenue?
Ninety-two percent of lawfirms worldwide say they were completely or somewhat prepared for full-scale remote work at the pandemic’s onset, a survey released this morning finds. Even so, most firms plan to increase their budgets for technology and process software and adopt more cloud-based technologies, the survey reports.
You can also check out the most popular LawNext episodes of 2022 , of 2021 , of 2020 and of 2019. As ALSP Axiom Opens A LawFirm in Arizona, Its Chief Strategy and Legal Officer Catherine Kemnitz Shares Details. Documate Founder Dorna Moini on Rebranding As Gavel and How LawFirms Can Productize their Legal Services.
Axiom , a company that is one of the longest-running alternative legal services providers, this week stepped into the world of regulated legal services as it formally launched Axiom Advice & Counsel , an Arizona lawfirm. That follows from Arizona’s historic decision in 2020 to become the first U.S.
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller lawfirms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%.
Last August, Arizona became the first state to eliminate the ban on non-lawyer ownership of lawfirms. Among her many honors, Justice Timmer was named 2020 Woman of the Year by the Arizona Capitol Times and she was recognized as one of the Most Influential Business Women in Arizona in 2020. Thank You To Our Sponsors.
based Intapp , a major provider of cloud-based business applications for larger lawfirms and financial services firms, filed papers Friday with the U.S. In 2015, AppFolio, which then owned practicemanagement platform MyCase, went through an IPO , but its primary products were not in legal, but in property management.
The Smokeball-LEAP-InfoTrack Group, which owns a number of legal practicemanagement and legal search technology products, said today that it has acquired Phoenix-based LawLytics , a company that provides website management software for small lawfirms and solo practitioners. .
McBride reminds us that, prior to 2020, “it was uncommon to appear remotely for a hearing within the same state the hearing was to take place.” After all, if tasks once handled by paralegals are now carried out in mere seconds by generative AI solutions, can lawfirms really justify traditional billing strategies?
Actionstep , a cloud-based lawpracticemanagement platform, has acquired the Australian practicemanagement company FilePro and its 4,000 lawfirm customers in Australia. In 2022, Actionstep acquired the Australian practicemanagement company LawMaster. “We
The lawpracticemanagement company MyCase has quietly acquired two legal technology companies in recent months, without announcing the acquisitions to the public. On March 31, MyCase acquired CASEpeer , a case management platform for plaintiffs’ attorneys. Cofounder Darren Fancher was previously CEO.
Lawmatics , a company whose platform provides client relationship management (CRM), client intake and marketing automation for attorneys, has closed a $10 million Series A financing round, it is announcing today. million seed round in October 2020. The financing follows the San Diego-based company’s raise of a $2.5
Paradigm , the parent company to four legal practicemanagement and payments products — PracticePanther , Bill4Time , MerusCase and Headnote — today announced the expansion of its leadership team with the hiring of two executives, one who will oversee product management and the other marketing.
Solving a Broad Problem: Allocating Lawyers to Matters and Managing Capacity At most large lawfirms, partners can choose associates to staff their matters. Practicemanagers struggle to assess availability and capacity. That raises all the usual questions large lawfirms have about vendor stability.
AltFee Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. This system empowers firms to precisely assess and assign value to projects, vital in a landscape where AI/efficiency gains drastically shorten task timelines. What makes you unique or innovative? and Beagle.
Way back in 2020, I wrote about how the pandemic had escalated the importance of electronic payments as a feature of lawpracticemanagement software. Actionstep, which says it is used by more than 775 lawfirms in the U.S., is presenting a webinar on the new feature on Nov.
One result of this activity was Westlaw Today , a premium legal news service launched in July 2020 that is fueled Reuters news and available only to subscribers of Westlaw and Westlaw Edge for an additional cost. In addition to practice areas and legal topics, readers can follow firms, entities and authors. government entities.
Since its formal launch in June 2020 , Lexicon has taken a unique approach to providing a solution to lawyers’ practicemanagement needs. With the market for practicemanagement software already crowded, a key way Lexicon distinguishes itself is by tightly integrating its software with complementary service offerings.
Paradigm , the parent company to four legal practicemanagement and payments products — PracticePanther , Bill4Time , MerusCase and Headnote — today adds a fifth, as it acquires TrustBooks , the cloud-based accounting software built specifically for lawfirms.
In a move sure to shake up the market for practicemanagement software for mid-sized lawfirms, the cloud practicemanagement company SurePoint Technologies has acquired Cole Valley Software , developer of ContactEase, a popular client relations management (CRM) software for lawfirms.
Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel. Target customer: Law departments in 2022 and expanding into lawfirms in 2023. Elevator pitch: Affordable cybersecurity solutions are lacking and 29% of lawfirms have suffered a security breach.
Case Status , a mobile client portal and messaging platform with a primary focus on consumer lawfirms, has raised $5 million in a Series B round, bringing its total funding to over $11 million. . million in seed funding in 2020 and $750,000 in funding in 2019. Last January, the company raised $3.5 ”
During the past two years, the pace of tech adoption quickened as firms moved to automate their practices for remote work and virtual practice. We wondered what tools or initiatives small firms might open their wallets for this coming year. She was Co-Chair of the 2020 ABA TECHSHOW Planning Board.
I first wrote about Athennian in 2020, when it stepped out of its stealth development mode to announce an $8 million CAD Series A investment, on top of a previously unannounced $2 million CAD seed financing round in 2019. . Fishman founded Jade in Atlanta in 2020. Read about Nexl in the LawNext Legal Tech Directory.
The pandemic has made it more essential than ever before for lawfirms to accept electronic payments. Plus, lawfirms that accept e-payments get paid faster and increase their collections, studies suggest. Clients who now pay everything else online have no appetite for lawyers who require paper payments.
The lawpracticemanagement company Paradigm has acquired LollyLaw , a cloud-based, all-in-one practicemanagement platform designed for immigration lawfirms. That was followed by the acquisitions of PracticePanther in 2018, MerusCase in 2019, Headnote in 2020, and TrustBooks this year.
What with COVID, the economy and the day-to-challenges of practicinglaw and managing a firm, it’s been a tough three years. Yet despite it all, smaller lawfirms have a bullish outlook on their future prospects — and with good reason. 2020 Survey. . 2020 Survey.
In light of that, I reached out to CEOs and executives at several practicemanagement companies for their thoughts on the deal — including on how it may impact their partnerships with LawPay going forward. That meant LawPay had to find a different lawpracticemanagement provider to build its platform around.
Since its formal launch in June 2020 , Lexicon has taken a unique approach to providing a solution to lawyers’ practicemanagement needs. With the market for practicemanagement software already crowded, a key way Lexicon distinguishes itself is by tightly integrating its software with complementary service offerings.
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