As I noted yesterday, over the weekend, OpenAI released Deep Research, an AI agent capable of completing multi-step research tasks and synthesizing large amounts of online information. The company says Deep Research (not to be confused with the controversial Chinese AI product DeepSeek) can complete complex research tasks in minutes that might otherwise take hours…
The Shrinking Ownership of Law Practice Management Technology (Part 3 of 4): Future Development and Market Opportunities
In the first two posts in this series, I have talked about the consolidation of ownership that has occurred in recent years for law practice management technology. Whereas this market was once characterized by a variety of competing companies, virtually all of the major products are now owned by one of six ownership groups. Part…
The Shrinking Ownership of Law Practice Management Technology (Part 2 of 4): A Scorecard of Who Owns What
“You can’t tell the players without a scorecard,” yelled the hawkers of olden days at major league baseball stadiums. In the modern days of law practice management, that may still be true.
As I wrote yesterday in part one of this four-part series, the law practice management market has undergone dramatic consolidation, from what…
The Shrinking Ownership of Law Practice Management Technology (Part 1 of 4): A Market Dominated by Just Six Ownership Groups
Sixteen years ago marked the beginning of a sea change in law practice management technology for solo and small law firms. On March 1, 2008, a virtually unknown company out of Canada called Themis Solutions launched the first cloud-based software product for managing a law practice, called Clio. Coincidentally, just a week earlier,…
Now Available: First Two Episodes of the New ‘LawNext PR’ Podcast, Featuring Law Insider and PracticePanther
The first two episodes of my new podcast, LawNext PR, have now been posted:
Law Insider Announces Clause Finder. A Deeper Dive into PracticePanther’s 2024 Small & Midsized Law Firm Report.As I explained in a recent post, LawNext PR is a sponsored podcast series focusing exclusively on the latest news announcements…
Live Today on Legaltech Week: Colin Levy Joins Us to Discuss His New Book, The Legal Tech Ecosystem
Live today at 3 p.m. ET on Legaltech Week, the show where a panel of journalists and bloggers discusses the week’s top stories in legal tech and innovation, we’ll be joined by “legal technology maven” Colin Levy to hear more about his new book, The Legal Tech Ecosystem.
Other stories on tap:…
Exclusive: Economic Optimism Among Smaller Law Firms Drives Increased Spending, But They Still Face Challenges Meeting Client Demands, New Survey Finds
Even amid a highly variable and possibly decelerating U.S. economy, smaller law firms are showing greater optimism about their futures, as evidenced by the face that they are either maintaining or increasing their 2023 budgets across most key categories, according to a survey report released today.
More than 75% of firms are either maintaining their…
LollyLaw, Platform for Managing Immigration Law Practices, Launches Native E-Payments Feature
LollyLaw, a cloud-based practice management platform designed for immigration lawyers, is today launching a native electronic payments platform, LollyPayments.
The new e-payments capability enables LollyLaw customers to collect and reconcile payments without having to switch between LollyLaw and third-party vendors. It is available to all LollyLaw customers as of today.
The launch of LollyPayments…
CEOs of Clio, Paradigm and ProfitSolv React to News of LawPay’s Acquisition of MyCase
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…
PracticePanther Will Buy You Out from Up to Seven Months of Your Current Practice Management Contract
The law practice management platform PracticePanther is today beginning a limited-time “SwitchScription” offer by which it will buy out law firms from up to seven months of their current practice management contracts if they switch to PracticePanther.
“At PracticePanther, we believe that every law firm should be able to choose the solution that best…
Practice Management Company Paradigm Acquires Immigration Case Management Software LollyLaw
The law practice management company Paradigm has acquired LollyLaw, a cloud-based, all-in-one practice management platform designed for immigration law firms.
The acquisition adds immigration software to Paradigm’s portfolio of law practice products that already includes the practice management platforms PracticePanther, Bill4Time and MerusCase; the payments platform Headnote; and the legal…
Paradigm Acquires TrustBooks, Adding Accounting to its Suite of Practice Management Products
Paradigm, the parent company to four legal practice management and payments products — PracticePanther, Bill4Time, MerusCase and Headnote — today adds a fifth, as it acquires TrustBooks, the cloud-based accounting software built specifically for law firms.
With this acquisition, Paradigm adds legal accounting to a product line-up that already includes three separate…