Accounting/Finance

What is Accounting/Finance?

Accounting and finance software applies accounting principles to law firm operating accounts, client trust accounts, and Interest on Lawyers’ Trust Accounts (IOLTA) — a method of raising money for charitable purposes, primarily providing civil legal services to indigent persons.

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SurePoint Legal Management System (LMS)

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LawSites
LawNext Podcast: The Florida Bar’s Precedent-Setting Decision To Give Every Lawyer Access To Trust Accounting Software
In a first for a state bar, The Florida Bar is providing its entire membership of more than 111,000 lawyers with access to legal trust accounting software – a move designed to both help lawyers better comply with trust accounting rules and help protect members of the public from trust accounting errors. The initiative was spearheaded by F. Scott Westheimer,...
Bob Ambrogi
7/12/2023
Legal IT Insider
Guest post: Why Elite and ProLaw didn’t work at TR
By Bill Bice, CEO of nQ Zebraworks; former founder and CEO of ProLaw Software and then at TR, West km. The vision was there. The execution wasn’t. West’s acquisition of ... Guest post: Why Elite and ProLaw didn’t work at TR Read More » The post Guest post: Why Elite and ProLaw didn’t work at...
Caroline Hill - Editor-in-Chief
4/11/2023
LawSites
Thomson Reuters Spins Off Elite As Independent Company Now Owned By Asset Manager TPG
It is a day of major legal tech deals. Following news earlier today of the merger of Fastcase and vLex, now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management...
Bob Ambrogi
4/4/2023
Law.com's Legaltech News
Thomson Reuters Sells Majority Stake in Elite Product Business to TPG
As part of the sale, Thomson Reuters will maintain a minority stake in Elite , which includes 3E, ProLaw, eBillingHib and Mattersphere, and actively support its ongoing development.
Law.com's Legal Tech News
4/4/2023
Legal IT Insider
Breaking news: TPG to acquire majority stake in Thomson Reuters Elite
European late stage private equity firm TPG has agreed to buy a majority stake in Thomson Reuters Elite at a valuation of $500 million. The announcement was made internally at ... Breaking news: TPG to acquire majority stake in Thomson Reuters Elite Read More » The post Breaking news: TPG to acquire majority stake in...
Caroline Hill - Editor-in-Chief
4/4/2023
LawSites
New CEO at SurePoint, Eric Thurston, Says His Focus Will Be On Customer Service And Company Growth
SurePoint, a company that provides practice management, financial and client relationship products for mid-sized law firms, today announced the appointment of a new CEO, Eric Thurston, a veteran business-transformation leader with more than two decades of experience scaling and leading high-growth software and services companies across several verticals, including legal.  Venture investor Mike Suchsland, a...
Bob Ambrogi
4/3/2023
LawSites
LeanLaw, Cloud-Based Legal Financial System for Law Firms, Raises $4M Series A Round
LeanLaw, a company that provides a financial operating system for small and mid-sized law firms, said today it has raised $4 million in a Series A financing round led by FINTOP Capital. Based in Boise, Id., LeanLaw’s cloud-based product provides IOLTA trust accounting, time and expense tracking, billing, matter management, electronic payments, and reporting. LeanLaw...
Bob Ambrogi
3/21/2023
LawSites
Filevine Unveils AI-Driven Immigration Forms, Accounting Integration with Oracle NetSuite, and A Broad Vision for AI
At its LEX Summit user conference this week, the law practice management company Filevine made two major product announcements, and its CEO outlined a broad vision for incorporating AI throughout the company’s products. The first of the two product announcements is a feature that uses artificial intelligence to translate client documents and then extract and...
Bob Ambrogi
2/15/2023
LawSites
New Tool from Helm360 Automates Firms’ Testing of Elite 3E Implementations to Save Time and Cost
The folks at Helm360 have been putting their knowledge as a full-service IT company to another use of late, developing products that build on their experience implementing technology solutions for  legal and professional services firms.  I wrote about one of these products in May, Termi, an AI-enabled chatbot that aims to solve the problems of slow tech...
Bob Ambrogi
9/29/2022
LawSites
MyCase Rolls Out Built-In Accounting and Integrated Document Automation
It has been a notable year for the practice management company MyCase, one in which it made four notable acquisitions of other practice management products, and then itself was acquired by AffiniPay, the parent company of the electronic payments platform LawPay. Today, we are seeing the fruits of two of those acquisitions, as MyCase rolls out...
Bob Ambrogi
8/31/2022