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In the first two posts in this series, I have talked about the consolidation of ownership that has occurred in recent years for law practice management technology. Whereas this market was once characterized by a variety of competing companies, virtually all of the major products are now owned by one of six ownership groups. Part 2 provided a “scorecard” of…
Continue Reading The Shrinking Ownership of Law Practice Management Technology (Part 3 of 4): Future Development and Market Opportunities

“You can’t tell the players without a scorecard,” yelled the hawkers of olden days at major league baseball stadiums. In the modern days of law practice management, that may still be true.
As I wrote yesterday in part one of this four-part series, the law practice management market has undergone dramatic consolidation, from what was once a robust marketplace…
Continue Reading The Shrinking Ownership of Law Practice Management Technology (Part 2 of 4): A Scorecard of Who Owns What

The first two episodes of my new podcast, LawNext PR, have now been posted:

As I explained in a recent post, LawNext PR is a sponsored podcast series focusing exclusively on the latest news announcements coming out of the world of legal tech.
In each episode, we’ll interview legal tech companies about their breaking news – new products or…
Continue Reading Now Available: First Two Episodes of the New ‘LawNext PR’ Podcast, Featuring Law Insider and PracticePanther

Even amid a highly variable and possibly decelerating U.S. economy, smaller law firms are showing greater optimism about their futures, as evidenced by the face that they are either maintaining or increasing their 2023 budgets across most key categories, according to a survey report released today.
More than 75% of firms are either maintaining their budgets or increasing their spending…
Continue Reading Exclusive: Economic Optimism Among Smaller Law Firms Drives Increased Spending, But They Still Face Challenges Meeting Client Demands, New Survey Finds

I often consult with lawyers setting up a new solo or small firm practice. There are many items involved in setting up any new business – like applying for an employer identification number (EIN) and deciding on the best entity to use for the business.
But there are also aspects of setting up a law practice unique to the legal…
Continue Reading What Technology Do I Need to Set Up a Solo or Small Firm Practice?

The law practice management platform PracticePanther is today beginning a limited-time “SwitchScription” offer by which it will buy out law firms from up to seven months of their current practice management contracts if they switch to PracticePanther.
“At PracticePanther, we believe that every law firm should be able to choose the solution that best serves the current needs…
Continue Reading PracticePanther Will Buy You Out from Up to Seven Months of Your Current Practice Management Contract

The law practice management company Paradigm has acquired LollyLaw, a cloud-based, all-in-one practice management platform designed for immigration law firms.
The acquisition adds immigration software to Paradigm’s portfolio of law practice products that already includes the practice management platforms PracticePanther, Bill4Time and MerusCase; the payments platform Headnote; and the legal accounting software TrustBooks, which it…
Continue Reading Practice Management Company Paradigm Acquires Immigration Case Management Software LollyLaw

Bobby Balachandran, founder and CEO of governance, risk and compliance company Exterro, has just been named LegalTech CEO of the Year in the Legaltech Breakthrough Awards. In a year in which so many legal tech companies have seen significant growth, it is a notable honor. But Balachandran is hardly resting on his laurels. He is already eyeing…
Continue Reading On LawNext: Exterro’s Bobby Balachandran, ‘LegalTech CEO of the Year,’ On Leadership, Growth and Plans for an IPO

As text messaging increasingly becomes a preferred form of communication for many, the cloud practice management platform PracticePanther today said it has added built-in, two-way text messaging as a feature available to all customers at no additional cost.
Lawyers can provide the text number to clients for them to ask questions or upload documents or images, and firms can use…
Continue Reading PracticePanther Now Includes Two-Way Text Messaging for Law Firms and Clients to Communicate

Paradigm — the parent company to practice management platforms PracticePanther, Bill4Time and MerusCase and payments platform Headnote — is being acquired by Francisco Partners, a major investment firm that specializes in investments in technology businesses.
A Reuters report valued the deal at $400 million, citing “people familiar with the matter.” Francisco Partners is also the largest shareholder in…
Continue Reading Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

On this episode of How It Works: PracticePanther, a leading cloud-based law practice management software solution that serves tens of thousands of legal professionals in 170 countries.
PracticePanther offers features in case management, time tracking, billing, client intake, payment processing, calendaring, e-signatures, and more, all designed to empower lawyers to automate their practices.
Joining me to introduce PracticePanther and…
Continue Reading How It Works: PracticePanther, Cloud-Based Law Practice Management Software

The practice management platform PracticePanther today introduced native e-signatures, enabling law firms to send and obtain signatures on documents from directly within the platform, a feature that could both save time for users and streamline tasks such as client intake.
The feature is available free to subscribers to PracticePanther’s Business Plan and requires no separate subscription to a third-party…
Continue Reading PracticePanther Now Has Native E-Signatures

One of the most dynamic areas of legal tech right now is practice management, which has seen a surge of investments and acquisitions over the past year. And one of the companies that best represents that trend is Paradigm, which was founded two years ago as ASG LegalTech and rebranded this year as Paradigm, to represent its goal of…
Continue Reading LawNext: How One Company Aims to Change the Paradigm for Law Practice Management