NetDocuments Gets $25M Investment

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Utah-based NetDocuments, a cloud-based document-management system for law firms, today announced that it has secured a $25 million equity investment from Frontier Capital, a Charlotte, N.C., growth equity firm that invests exclusively in B2B software and technology companies.

The investment will be used to drive NetDocuments’ further growth in the legal market,…

Which Legal Sites Did Heartbleed Affect?

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You've no doubt heard about Heartbleed, the security flaw that exposed personal information at many leading websites. The flaw was in OpenSSL, an open-source version of the SSL protocol that is used to encrypt transmissions between you and a website. The flaw created a vulnerability that could have exposed sensitive information. The vulnerability affected several leading Internet companies, including Google, Yahoo and Netflix. It made me wonder how many companies that cater to the legal profession were affected. I've collected a bit of information here. If you know of others, please let me know or add a comment below. If…

Clio Gets $20 Million Financing Deal

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Big news this morning from Clio, the cloud-based practice management platform: It announced this morning that it has raised $20 million in Series C financing led by Bessemer Venture Partners. Clio says it will use the new funding to accelerate product development and sales and fuel international expansion. Clio says it plans on doubling its workforce over the next year, to more than 200. The expansion will come in the U.S. and Canada, as well as in Europe, where Clio recently opened an office in Dublin. Clio says it will also continue to invest aggressively in mobile.

Clio Raises the Price of its Practice Management Platform

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The cloud-based law practice management platform Clio has raised its monthly subscription price by 47 percent, from $49 per attorney to $72 per attorney. For users who pay annually, the monthly price is now $65.

In addition, Clio has eliminated its lower subscription price for support staff. Previously, attorneys could add support staff…