ProfitSolv

With the acquisition last week by payments company AffiniPay, parent of LawPay, of practice management company MyCase, one intriguing aspect of the deal was that, until then, LawPay had been the legal tech equivalent of Switzerland, partnering with virtually every practice management platform, but always neutral as to which should win…

As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. “The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”

This year, my report…

When Rocket Matter launched in 2008 as one of the first cloud-based law practice management platforms, it was targeted at solo and small firms. While those firms remain an important segment of its customer base, it has, over the intervening years, seen greater adoption by larger firms as they have moved to the…

The practice management platforms Tabs3 and CosmoLex, both of which share a common owner, have each launched their own payment processing services to allow their customers to accept credit card and electronic check payments, Tabs3Pay and CosmoLexPay.

Both companies already offered credit-card processing through third-party providers — Tabs3 through LawPay and ProPay and…

Dan Berlin will remain president and CEO of Tabs3 Software, a position he has held since 1984, following the company’s acquisition by ProfitSolv, a company led by a private equity group.

“I’m not going anywhere,” Berlin told me. “I’m very excited about the partnerships and relationships we have with the other companies under…

Update: Tabs3 CEO Dan Berlin Will Remain With Company After Acquisition, He Says. 

Earlier this week, I reported on the unannounced acquisitions by MyCase of two legal technology companies, CASEpeer and Woodpecker. Now there is another stealth deal to report, this time involving the acquisition of Tabs3 Software, which is one…

For many law practices, getting paid is the bane of their existence. TimeSolv, a provider of cloud-based billing and timekeeping software for law firms, aims to fix that with the release today of Zero AR, a patent-pending feature that automates batch invoicing and electronic payments.

The feature enables firms to instantly process electronic payments…

In September, the private equity firm Lightyear Capital LLC, through a newly formed company called ProfitSolv, made two notable acquisitions of legal technology companies: Rocket Matter, the cloud-based practice management company, and TimeSolv, a provider of cloud-based legal billing and timekeeping software.

In acquiring Rocket Matter, ProfitSolv also got the payment…

The practice management platform Rocket Matter, whose launch in 2009 alongside Clio helped usher in a new generation of cloud practice management platforms, has been acquired by a private equity firm.

It will become part of a new company, ProfitSolv, that will focus on billing, payments and software for professional services firms.

The…