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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Above the Law - Technology

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 law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.

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TPG to Acquire Majority Stake in Thomson Reuters Elite

Legal Tech Blog

The Elite business provides financial and practice management 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.

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Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG

Legal Tech Monitor

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 law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.

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What Are the New Technologies in the Legal Field?

Lawmatics

Technology in Law Firms: A Shifting Landscape Small law firms actively invested in technology integration to streamline operations, strengthen security, and satisfy rising client service expectations, according to The 2023 State of U.S. What Is the Most Used Legal Technology? Small Law Firms Report.