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BILL4TIME CEO SOFTWARE
“As more law firms turn towards technology to power their practices, the ability to take control of billing, and now accounting, in-house with simple and intuitive software is a massive time and money-saver for our customers.”
BILL4TIME CEO FULL
“We are overjoyed to be adding a full accounting solution to our suite of products with the acquisition of TrustBooks,” said Soumya Nettimi, CEO of Paradigm. TrustBooks Co-founders, Tom Boyle and Chad Todd join Paradigm as the Co-General Managers of TrustBooks. Trustbooks is the latest addition to Paradigm’s suite of software solutions which include the legal practice management platforms PracticePanther, Bill4Time, and MerusCase as well as Paradigm’s native payment solution, powered by Headnote. Learn more about our technology investment banking expertise.NEW YORK, NY – Paradigm, a market-leading provider of legal practice management and payments software, today announced its acquisition of TrustBooks, a cloud-based accounting software built specifically for law firms. Francisco Partner’s has invested in over 110 portfolio companies, with an investment approach tailored to provide transformational capital to technology companies facing strategic or operational inflection points. Its “PeopleFirst” strategy includes a CEO program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction.įrancisco Partners is a private equity firm with offices in San Francisco, New York, and London and approximately $24 billion of capital raised to date. Alpine specializes in investments in companies in the software and services industries. The Paradigm team is unified by a common vision to build the best legal technology products in the world.Īlpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people.
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With four world-class legal practice management and payments solutions-PracticePanther, Bill4Time, MerusCase, and Headnote-managed under one roof, Paradigm empowers lawyers across the spectrum of practice area, geography, and business need. Paradigm offers a suite of legal software solutions to help lawyers manage, automate, and grow their firms. The team was able to successfully position and effectively communicate the growth opportunities to a global universe of strategic and financial buyers, delivering a value-maximizing outcome. Trusted guidance: The transaction team was integrally involved throughout each step of the process and closely collaborated with the management team to create highly compelling marketing materials and supporting financial analyses.The team worked closely with Paradigm and Alpine to navigate rapidly evolving process dynamics, culminating in an exceptional outcome for shareholders. M&A process and execution excellence: William Blair’s transaction team designed and structured a high-touch, highly competitive process, leveraging its robust M&A experience to inform process and execution tactics.
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This transaction marks William Blair’s 4th legal software and 11th integrated payments deal in 2021. Deep relationships and industry expertise: Paradigm recognized William Blair’s unparalleled knowledge and experience advising leading legal software and integrated payments companies, as well as strong relationships with and unique insights into the most aggressive and likely strategic and financial acquirers.The transaction signed on September 24 and is expected to close in the fourth quarter of 2021. William Blair acted as the exclusive financial advisor to Paradigm, a portfolio company of Alpine Investors, in connection with its pending strategic growth investment by Francisco Partners.