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The global legalbillingsoftware market size was valued at $1.23 from 2021 to 2028. As a legal professional, managing your billing process can be a daunting task, and without a proper law firm billingsoftware, it can take up a significant amount of your time and effort.
“We are thrilled to announce this growth investment from Francisco Partners, which validates Paradigm’s strong position in the legalsoftware ecosystem,” said Soumya Nettimi , CEO of Paradigm. Francisco Partners is no stranger to legal technology. PracticePanther Now Has Native E-Signatures (June 3, 2021).
The use of tech in law firms has increased from advances in AI-powered solutions to the proliferation of practice-specific tools like contract lifecycle management tools or practice management software to operational tools like CRMs and billingsoftware. Yes, legal tech isn't just growing—it's booming.
Gartner predicted that spending on legalsoftware would triple from 2021 to 2025, and venture capital investments in these tools reached a new high of over $1 billion in 2022. Legal tech is no longer seen as a nice to have, but a must have.
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