Palo Alto, Calif., based Intapp, a major provider of cloud-based business applications for larger law firms and financial services firms, filed papers Friday with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.

For the legal technology industry, where IPOs have been few and far between, the news is significant. Although it is becoming increasingly common for legal technology companies to talk of plans for future IPOs, few have actually completed them.

iManage went through an IPO nearly 20 years ago, in 2002. In 2019, KLDiscovery became a public company. In 2015, AppFolio, which then owned practice management platform MyCase, went through an IPO, but its primary products were not in legal, but in property management.

In February 2019, the ALSP Axiom said that it was preparing for an IPO, but later abandoned that plan and instead said it had entered into an agreement with private equity firm Permira under which a company backed by Permira would take a significant investment in Axiom.

With regard to Intapp, the number of shares to be offered and the price range for the offering have not yet been determined, the company says. It intends to list its common stock on the Nasdaq Global Market under the ticker symbol “INTA.”

J.P. Morgan, BofA Securities and Credit Suisse will act as lead book-running managers for the proposed offering, with Piper Sandler and Raymond James acting as joint book-running managers. Oppenheimer & Co. Inc., Stifel Nicolaus & Company and Truist Securities will act as co-managers for the proposed offering.

Last month, Intapp announced that it had signed an agreement to acquire Repstor, creator of Microsoft 365-based enterprise content management and team collaboration tools.

Last October, Intapp made news when it announced that it would no longer support on-premises technology and shift entire to the cloud, a move I described as “another nail in the coffin of on-premises legal software.”

In its SEC filing, Intapp describes itself as “the industry cloud for professional and financial services firms.” Its 1,600 customers include 96 of the top 100 law firms and seven of the top eight accounting firms, it says.

Its total revenues for 2020 were $186.9 million, an increase of 30% over the prior year, and its total revenues for the nine months ended March 31, 2021 were $153.4 million, an increase of 10% over the same period for 2020.