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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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LTRC Roundtable Discussion: ChatGPT

Law Technology Today

As with all AI enabled technology, the data behind the tech will determine how useful the tech becomes. Do you envision law firms becoming less dependent on newer attorneys and legal assistants as ChatGPT and its successors mature? AP: Not really.

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What Are the New Technologies in the Legal Field?

Lawmatics

But for small and mid-size firms, the most transformative innovations are tools that directly strengthen client relationships, service quality, and firm capabilities. Small law firms occupy a unique position where owners must balance legal practice and business ownership. Small Law Firms Report.