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 bringing about a paradigm shift for legal technology.

Paradigm is a portfolio company composed of three popular practice management platforms — PracticePanther, Bill4Time and MerusCase — and its most recent acquisition in September 2020, the electronic payments platform Headnote. Since acquiring Headnote, it has integrated its e-payments technology into both PracticePanther and Bill4Time, with plans to also add it to MerusCase.

On this episode of LawNext, I am joined by two principals of Paradigm:

  • Sarah Schaaf, a former lawyer and the founder of Headnote and now general manager of Paradigm’ payments division.
  • Colin Li, chief financial officer and chief revenue officer at Paradigm.

We talk about the company’s growth and future plans, the state of the practice management market, the increasing importance of e-payments technology, and their thoughts on future developments.

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Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.