It has been a notable year for the practice management company MyCase, one in which it made four notable acquisitions of other practice management products, and then itself was acquired by AffiniPay, the parent company of the electronic payments platform LawPay.
Today, we are seeing the fruits of two of those acquisitions, as MyCase rolls out legal accounting as a fully integrated feature of its platform, as well as a robust document automation integration.
These new features built on MyCase’s acquisition last November of Soluno, a cloud-based platform for billing and accounting, and its acquisition earlier last year of Woodpecker for legal document automation.
Read more about MyCase at the LawNext Legal Technology Directory.
MyCase says its new accounting feature is specifically designed for lawyers and is compliant with state ethics requirements. The addition of accounting to the platform enables firms to centralize their financial data, eliminate redundant data entry across multiple systems, and ensure regulatory compliance with easy, three-way trust reconciliation, it says.
The feature eliminates the need for firms to use third-party accounting software, MyCase says. The feature includes automatic generation of three-way trust reconciliations and allows firms to issue checks directly from within MyCase.
The new document automation feature is provided through an integration with the Woodpecker software, enabling firms to standardize and automate the creation of legal documents. The integration allows firms to use case and client information from MyCase to create documents using Woodpecker templates, all directly within the MyCase platform.
MyCase says the feature allows the use of conditional logic so that the text and language of a document or contract can be easily revised. It also allows users to create multiple documents for one or more clients with a few clicks.
“It is critical for lawyers to streamline their practices by maintaining visibility and control over financial transactions while also automating their firm’s workflows,” Dru Armstrong, CEO of MyCase, said in a statement announcing the features. “By leveraging the technologies of two companies acquired last year, Soluno and Woodpecker, we’ve made both accounting and robust document automation available in the MyCase platform.
“Our acquisitions have enabled us to continue to expand the features and functionality of the MyCase platform so that we can provide law firms with the convenience and flexibility needed to get more done without ever leaving MyCase.”