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Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of lawpracticemanagement and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.
The Elite business provides financial and practicemanagement solutions to the world’s leading law firms, helping customers automate and streamline critical finance and accounting workflows. TPG has a history of investing in software companies that address the unique needs of vertical markets.
Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of lawpracticemanagement and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.
Advances in legal software are rapidly transforming the future of legal technologies. Solutions leveraging automation, AI, and cloud platforms are reshaping lawpractices of all sizes. Small law firms occupy a unique position where owners must balance legal practice and business ownership. Small Law Firms Report.
RT: I’ve used it to help me write an upcoming Future Proofing column in LawPractice magazine. I asked ChatGPT if lawyers were required to be competent with their technology and it replied (initially) that lawyers had no duty of technical competence under U.S. I AM READY TO TEST THE WATERS. LJ: I haven’t been able to get in.
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