The LEDES Oversight Committee has released draft UTBMS codes for Mergers & Transactions. You can view the codes and provide feedback through this page until January 8, 2016.
Author: Jane A. Bennitt
Mitratech Acquired by TA Associates
We’ve done so much reporting of late on Mitratech acquisitions. In an unusual turn of events, we can report that (this time!) Mitratech has been acquired by TA Associates from Vista Equity Partners.
You have to wonder how the staff at Mitratech are keeping up with it all!
Seriously though, with their portfolio of excellent ELM solutions — TeamConnect, Collaborati, eCounsel, LawManager, CaseTrack, LawTrac, Secretariat and GettingContractsDone — Mitratech is a formidable force in the space. We believe this acquisition means good things for the future of MItratech and congratulate TA on their new acquisition.
Governance Risk & Compliance UTBMS Codes Ratified
The LEDES Board has ratified the GRC UTBMS Code set developed more than a year ago. The new codes are available here on UTBMS.com.
Mitratech (Also) Acquires CaseTrack
CaseTrack, by Economic Analysis Group, has been acquired by Mitratech.
This acquisition, the latest in a dizzying 2015 acquisition schedule by Mitratech, brings yet another ELM product within the Mitratech ELM system portfolio.
Back on the Board!
I am happy to announce that I have been reelected to the LEDES Oversight Committee Board of Directors and will be filling the position of Vice President.
Major Award for GettingContractsDone
GettingContractsDone (“GCD”) has been named a PC Magazine Editor’s Choice solution for 2015. Legal solutions seldom receive this kind of attention from the tech mags, so this is a huge deal.
GCD is among the Bridgeway portfolio suite of products acquired earlier this summer by Mitratech.
My congratulations on this important award go out to Cathi Collins, the current LEDES Oversight Committee President, who was the driving force behind the conception and development of the product, and who has been primarily responsible for its sales and support.
Bridgeway Acquired
Mitratech announced today that it has acquired Bridgeway Software, who provides LawManager, eCounsel, Corridor, Secretariat and Getting Contracts Done (among other systems).
This acquisition expands Mitratech’s suite of top-line ELM products, which already includes TeamConnect, Collaborati and Lawtrac.
We are anxious to see how this acquisition proceeds. It was reassuring to learn that Mitratech has a plan for the different products in their portfolio.
New LEDES Standard Initiative
The LEDES Oversight Committee has formed a development subcommittee to consider UTBMS codes for Mergers & Acquisitions transactions. Go to LEDES,org for more information on how to volunteer for this important initiative.
Sky Analytics Acquired
It was announced today that Sky Analytics has been acquired by Huron Consulting Group. Sky’s business analytics platform is added to Huron’s legal products and services portfolio that includes eDiscovery and contract management solutions.
This is a very good move for Sky. By remaining product agnostic, the acquisition keeps open a much larger potential marketplace than if Sky had gone to one of the matter management/ebilling solution vendors.
See You At Legal Tech!
GLE founder Jane Bennitt will attend Legal Tech in February.
On Tuesday 3 Feb Jane will speak at an ILTA-track session with current LEDES Oversight Committee President Cathi Collins. The session will be an open forum where the audience is encouraged to speak about what is right or wrong with ebilling today. Our intent is to frankly discuss ebilling, see if there are projects that should be undertaken by the LOC, and to set priorities. The session will be held at 12:30 in the Mercury Ballroom.
The LOC annual members meeting is on Wednesday 4 Feb and is open to the general public, not just LOC members.
Other than these commitments, we are setting up meetings during the show. As a rule, Legal Tech meetings are free, so take advantage of this opportunity to talk with GLE about your issues, concerns and needs. See you there!