Press Release via Lawyers Weekly Australia
Legal practice management platform Actionstep has acquired an innovative practice management software company, in a move to drive additional technology investment and provide customers with extended cloud technologies.
Cloud-based practice management platform Actionstep has acquired legal software business, LawMaster and mattero, bringing together two innovative practice management software companies serving mid-market law firms.
According to the platform, the combined businesses will drive additional technology investment, consolidate many years of learnings in legal tech and provide existing LawMaster customers with extended cloud technologies.
The deal combines more than 50 years of pioneering legal tech development and legal sector knowledge and will result in the development of a scaled legal tech company with plans to further invest in technology specifically for mid-market law firms.
Actionstep provides a highly adaptable, all-in-one practice management platform, with almost 20,000 daily subscribers.
LawMaster’s customer base of nearly 4,000 daily subscribers is made up of many prestigious Australian firms in the upper mid-market, with its primary product being a feature-rich, highly configurable legal practice management solution. Prior to the deal, LawMaster had been investing in cloud technologies and successfully launched mattero, a cloud-based practice management system for smaller practices.
The combination of LawMaster and Actionstep means the new business services over 11,000 subscribers in Australia alone.
The two companies will continue to operate as separate businesses with David Toohey, the founder and CEO of LawMaster continuing to lead LawMaster.
According to Actionstep global president David Hepburn, the new business will work closely with all LawMaster customers to ensure the continuation of quality service and understand their current and future technology requirements.
“We are excited to join forces with LawMaster, this brings together two amazing companies in the legal tech space, positions us for further growth and will fuel major technology investment to benefit the legal industry,” he said.
“As ever, our focus is to ensure our combined customers enjoy using our software – both day to day and in support of their future business plans.”
LawMaster CEO David Toohey added that the acquisition was an “exciting new chapter” for the team.
“We are thrilled to be joining the Actionstep team. As ever, we will remain focused on our customers’ needs and building market leading and innovative technology,” he said.
“Under one company with one set of values and a shared roadmap, the unified team can focus on propelling our customers’ businesses to new heights.”