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Legal Technology Consultants Specializing in Enterprise Legal Management Technologies
Every year GLE makes a donation to World Central Kitchen. WCK is an extremely worthy and beneficial global organization focused solely on providing food in areas that have been stricken by natural or other disasters impacting the availability of food. We love this organization and applaud their mission.
Reuters reported last February (see post) that Ontario Teachers’ Pension Plan was seeking a buyer for Mitratech. It was reported today, however, that Ontario Teachers’ Pension Plan has obtained $2B financing from a group of credit investors led by Blackstone and including Antares Capital, replacing its old lender group that included Golub Capital, UBS, Barclays, and Deutsche Bank that provided $780M of financing allowing for the majority acquisition in 2021 by OTPP from HG. See here for information on this current financing deal. With financing like that, I predict more system acquisitions by Mitratech are coming.
Today Onit announced its acquisition of the case management system LawBase. This follows the early 2025 acquisition of Legal Files, another case management system, and deepens Onit’s commitment and foothold in the SLED market.
Priori, a legal technology platform for outside counsel decision-making, has launched a flexible ebilling integration and Next Steps Flow within its Panel Management and RFP platform. This new functionality provides post-RFP accountability and budget oversight without limiting which ebilling provider is used by Priori clients.
Some time ago I posted about an outside counsel guidelines validation tool called Verify made by Hercules AI. I saw it at the ILTA Summer Conference and was bowled over by the product.
It has been reported that Hercules AI has sold 3 of its products, Verify, Apollo (an AI-powered time capture tool) and Athena (an AI-driven email management tool) to Aderant. See here for the press release.
It will be interesting to see what Aderant does with these systems to enhance its product suite, especially the Verify system.
Bob Ambrogi reports that Elite has been acquired by Francisco Partners, a global investment firm that specializes in partnering with technology businesses from its current owners, TPG Capital and Thomson Reuters. Our best wishes to our friends at Elite in this new iteration of the company.
It was reported that Francisco Partners has acquired Elite and eBilling Hub from TPG Capital and Thomson Reuters. Elite and TPG first partnered in 2023, providing more capital for product enhancements and expansion. Elite includes the brands 3E and ProLaw. At the time of this report, Elite serves about 2,000 law firms, including 75% of the Am Law 100 and 72% of the Global 100.
The press release can be found here.
Just read that Wolters Kluwer has acquired ELM vendor Brightflag for $480M. See here for more on the acquisition.
As ever, the legal ebilling world continues to amaze with acquisitions in this space. One can only wonder what else is in store…
It was announced today that Sedgwick TPA has acquired Bottomline’s Legal Spend Management Division, including the Legal-X and Legal eXchange platforms. Bottomline’s legal spend products are leading solutions in the insurance industry and include TPA features for managing claims, so this looks like a good fit. The acquisition combines Bottomline’s legal spend platforms with other Sedgwick claims and bill review solutions, allowing for a full suite of solutions under a new Sedgwick Legal Spend Management division.
Reuters reported today that Ontario Teachers’ Pension Plan was exploring a $4B sale of Mitratech. For more information, see their posting here.