Aderant
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$675m Valuation: $675m | Acquisition | ||
Total Funding | - |
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EditAderant is a leading provider of comprehensive legal software solutions designed to enhance the efficiency and agility of law firms. Serving primarily the AmLaw 200, which includes the largest and most prestigious law firms in the United States, Aderant operates in the legal technology market. The company's suite of products includes timekeeping, billing, e-billing, and case management software, all aimed at streamlining law firm operations and improving client transparency.
Aderant's business model revolves around a subscription-based service, where law firms pay for access to their software solutions. This model ensures a steady revenue stream and allows Aderant to continuously update and improve its offerings. The company makes money through these subscriptions, as well as through additional services such as training, support, and consulting.
Aderant's software is known for its ability to integrate seamlessly with existing law firm applications, leveraging all firm data automatically to provide a comprehensive management solution. This integration helps law firms manage their operations more effectively, from anywhere and at any time, thus increasing cash flow, reducing billing rejections, and improving overall efficiency.
Keywords: legal software, timekeeping, billing, e-billing, case management, law firms, AmLaw 200, subscription service, client transparency, operational efficiency.