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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.
The law practicemanagement 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.
Intaker , a marketing automation platform for law firms, 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).
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 law firms. “Nothing changes,” Obermaier told me. .”
I recently spoke to two lawyers turned legal tech entrepreneurs about their early stage software companies. Solving a Broad Problem: Allocating Lawyers to Matters and Managing Capacity At most large law firms, partners can choose associates to staff their matters. Practicemanagers struggle to assess availability and capacity.
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. billion in assets under management as of Dec.
The software that lawyers relied on to run their firms used to be premise-based, but as reported by Nicole L. Black , in 2021 cloud computing software is the most prevalent. In fact, even before the pandemic, lawyers were adopting cloud-based legal software at higher rates than ever before.
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.
the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.
Even so, most firms plan to increase their budgets for technology and process software and adopt more cloud-based technologies, the survey reports. Nearly three-quarters (70%) said they will spend more on process improvements and roughly half (48%) plan to spend more on software. ” Download the full report from this page.
As a practicing attorney, I benefit every day from legal software designed to streamline the everyday lives of legal professionals. These are simply my observations of software developed to address specific fields of law. Practice-Specific Legal Software Solutions. Family Law Software. Let’s dive in!
According to a report by Zion Market Research, the global legal billing software market size was valued at approximately USD 849 million in 2020 and is expected to reach approximately USD 1,323 million by 2028, growing at a CAGR of around 5.8% Support: Finally, choose billing software that comes with excellent customer support.
The law practicemanagement 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.
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 managementsoftware for small law firms and solo practitioners. .
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. Its total revenues for 2020 were $186.9 million, an increase of 10% over the same period for 2020. Its total revenues for 2020 were $186.9
The law practicemanagement company Paradigm has acquired LollyLaw , a cloud-based, all-in-one practicemanagement platform designed for immigration law firms. Its cofounders, brothers John Levesque and Todd Levesque , are both joining Paradigm as co-general managers of LollyLaw. Continuing Expansion.
Already, its products are used every day by lawyers throughout the United States to file court cases, track court dockets, search court records, and arrange service of process, and it integrates with most major law practicemanagement platforms. InfoTrack in the U.S. InfoTrack expanded first to the U.K. and then in 2016 to the U.S.
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.
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 ”
Before cofounding Hence in 2020, West was global deputy CEO of Eurasia Group, a global affairs advisory firm, where he advised CEOs, general counsel and investors on geopolitical and legal risk. He is also a lecturer at the University of California, Berkeley, School of Law. We appreciate their support and hope you will check them out.
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 practicemanagementsoftware already crowded, a key way Lexicon distinguishes itself is by tightly integrating its software with complementary service offerings.
software company with products for contract management, virtual deal rooms and electronic signatures. In November 2020, Onit acquired McCarthyFinch , provider of a suite of AI-driven contract managementsoftware, then, a month later, it acquired AXDRAFT , developer of contract automation software.
million in 1984 — and followed it through by sector to 2020. The data reveals that, from 1984 to 2020, legal tech funding totaled $12.3 Practicemanagement, $875 million. But, as Blijd points out, its PDF software makes it one of the biggest players in legal tech.
.” In reaching this conclusion, the report drills down into the types of software that smaller firms are using and consider important, demonstrating that the majority of firms have moved to the cloud and are committed to technologies that facilitate remote working. Increased Adoption of Cloud Software. Accounting software, 40%.
In 2020 and 2021, your firm may have had to make quite a lot of changes quickly to meet the new remote normal. Catherine Sanders Reach (@catherinereach) is Director of the Center for PracticeManagement for the North Carolina Bar Association, providing practice technology and management assistance. Video tools.
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 law firms. ” Making A Dent. ” Investment and Expansion.
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. The clear trend, he said, is for software providers to develop their own payments stack. Jack Newton, Clio.
In a move sure to shake up the market for practicemanagementsoftware for mid-sized law firms, the cloud practicemanagement company SurePoint Technologies has acquired Cole Valley Software , developer of ContactEase, a popular client relations management (CRM) software for law firms.
That follows from Arizona’s historic decision in 2020 to become the first U.S. Paradigm , home to the practicemanagement platforms PracticePanther , Bill4Time , MerusCase and LollyLaw ; the e-payments platform Headnote ; and the legal accounting software TrustBooks.
XIRA , a platform for solo attorneys to get clients and manage their law practices, is introducing a variety of upgrades to its platform as well as changes to its pricing that includes elimination of booking fees for new clients and new subscription fees for its practicemanagement platform.
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 practicemanagementsoftware already crowded, a key way Lexicon distinguishes itself is by tightly integrating its software with complementary service offerings.
The survey finds that the top challenge small firms face is that of spending too much time on administrative tasks and not enough time practicing law. The average law firm attorney spends just 56% of their time practicing law, down from 58% in 2020. 2020 Survey. . 2020 Survey. Keeping up with competition.
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.
million in seed funding in 2020 and $750,000 in funding in 2019. Cofounder and CEO Andy Seavers said it has never been more important for law firms to scale client service, and that includes what he calls the “legal technology triad” of their businesses: intake, case management and client service. ”
In a deal that is sure to shake-up the already hyperactive market for law practicemanagementsoftware, AffiniPay , the parent company of the electronic payments platform LawPay , has acquired the law practicemanagement company MyCase. ” Already, LawPay’s integration within MyCase is live.
In the Expo Hall TECHSHOWs expo hall features dozens of AI-related products to help your law practice, from traditional vendors and startups. Traditional Players Law practicemanagementsoftware (LPMS) is well-represented with AI features. Visit the expo hall to experiment with the LPMS-based AI options.
This groundbreaking concept of systemizing and optimizing a firm’s approach to non-hourly pricing through the use of a purpose-built software tool is an incredibly substantial innovation in the legal pricing space. Demo video: [link] Founded: 10/28/2020, Vancouver, BC, Canada Target customer: Solos, small and medium size firms.
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. Nexl said the acquisition comes at a crucial period in its growth.
At its annual Clio Cloud Conference today, the law practicemanagement company Clio released the 2022 edition of its annual Legal Trends Report – its seventh year of the report. Before 2020, about 40% of lawyers worked exclusively from an office. Firms Benefit from Cloud Software. Now, fewer than 30% do.
Elevator pitch: Akroda is a project management and communication hub that centralizes collaboration, workflows and reporting for legal teams that lack software tools built specifically for legal function. Traction: We have 30+ solo and small law firm subscriptions since coming out of a soft launch in December 2020. Clause Logic.
If queried, most law firms would point to March of 2020 as the point in time that everything changed. To that end, the company has launched its proprietary Abacus Payment Exchange, available across its suite of practicemanagement solutions (more on that momentarily). APX is a unique offering to the legal community in many ways.
Whether or not you are an attorney, running a law firm is a huge challenge, but the right software can help. Practicemanagementsoftware, such as Clio Manage , can streamline your firm’s workflows, while Clio Grow can boost your client intake efforts. Who typically owns a law firm?
No matter what generation you’re from, no matter how tech savvy you are, no matter which industry you’re in, switching software is challenging. Keep reading to learn how to best prepare your legal practice to use new software. . Law firms were forced to adopt cloud-based systems if they wanted to continue practicing from home.
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