The legal technology company Litera has acquired BigSquare, a provider of financial and business intelligence and analytics for law firms and corporate legal departments.

Litera said that the addition of BigSquare to its portfolio will empower law firms to make better financial decisions with instant access to financial data and insights.

Founded in 2009, BigSquare’s cloud-based business intelligence software retrieves, analyzes, and visualizes financial data onto a user-configurable financial intelligence dashboard designed to make the data easier to understand and digest.

The platform is self-service so that lawyers and management teams can leverage the insights themselves, reducing the need to hire or rely on specialists to interpret the data.

“Law firms continue to seek and move to cloud-based solutions, including financial BI,” said Sheryl Hoskins, who became CEO of Litera earlier this year. “We view BigSquare as a valuable, strategic addition to Litera’s Firm Intelligence portfolio to deliver what customers seek regarding data and insights accessible anywhere.”

Dan Pasquarelli, founder and president of BigSquare, said, “We are delighted with the acquisition, and the addition of BigSquare to the Litera portfolio will enable them to provide their customers the actionable financial dashboards they need to run high-performing firms.”

This is Litera’s 15th acquisition in the last four years.

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.