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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

For practice management and case management systems, look for Service Organization Control 2 (SOC 2) compliance, which assures clients that your firm has the infrastructure, tools and processes in place to protect sensitive information from unauthorized access. Legal tech meets fintech.

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Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

LawSites

Over the summer, this blog broke the news that Thompson Street Capital Partners had acquired Tabs3 Software, one of the oldest practice management products, and which also owns cloud platform CosmoLex. LawSites also broke the news in July that MyCase had acquired case management platform CASEpeer and document automation company Woodpecker.

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Small Firm Lawyers Are Awash with Optimism about their Practices, Thomson Reuters Survey Finds

LawSites

Where are those tech dollars going? Most often to case management software, billing and invoicing software, and practice management software. Some of it is also going to non-legal specific tech, such as websites, hardware, and billing or accounting software. 2016 Survey.

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