Paradigm Acquires TrustBooks, Bringing in DIY Accounting Solution for Law Firms
With the acquisition, Paradigm looks to further evolve into a one-stop-shop provider, and bring in more small and solo law firms into its ecosystem.
February 17, 2022 at 09:01 AM
3 minute read
Legal tech providers aiming to meet lawyers' evolving needs are looking outside of their traditional responsibilities. Legal software provider Paradigm announced Thursday it acquired TrustBooks, an accounting software designed primarily for law firms with the aim of enabling lawyers to handle their own accounting needs. For Paradigm, the deal was an opportunity to further expand its practice management offerings.
The acquisition comes just months after Paradigm received a strategic growth investment from Francisco Partners in December 2021, which it planned to put toward expanding its offerings.
Paradigm, which rebranded from ASG LegalTech in January 2021, is the parent company of a number of legal tech solutions, including legal payments and analytics software Headnote, practice management platforms PracticePanther and Meruscase, and time and billing tool Bill4Time.
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