Onit, the global leader in AI-enabled workflow automation solutions for the legal industry, today announced that it has combined forces with Legal Files Software, Inc., a provider of legal case and matter management solutions. This move will strengthen Onit’s workflow automation expertise with Legal Files’ decades-long reputation as the go-to legal case management solution provider for industries ranging from corporate enterprises to federal, state, and municipal governments.
Legal Files has been the leading provider of case management solutions for over 30 years. The company has more than 500 customers and offers a suite of highly configurable solutions that are flexible enough to meet the diverse needs of teams responsible for a wide range of legal functions.
“Legal Files has spent three decades building and honing its industry expertise, making it the preferred case management solution for insurance companies, universities, and state and local governments,” said Michael Farlekas, CEO of Onit. “By combining Legal Files’ expertise with Onit’s leading-edge workflow automation and AI-native solutions, we will be able to offer clients the same great services they are used to while simultaneously offering them the infrastructure required to scale.”
“Today’s legal teams are being asked to do more with less, while also navigating the changing dynamics of legal operations and how legal teams contribute to business growth,” said John Kanoski, CEO of Legal Files. “This is especially challenging in highly regulated industries like those Legal Files specializes in. Leveraging Onit’s technological leadership – especially when it comes to AI – will empower our clients to meet these expectations and continue to grow.”
Marks Baughan Securities LLC served as exclusive financial advisor to Legal Files Software.
For more information on this transaction, please contact:
Bill Takeuchi
+1 610.616.3296
wtakeuchi@marbau.com
John Martin
+1 610.616.3283
jmartin@marbau.com
Bryce Mangene
+1 610.365.7283
bmangene@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For additional information on Marks Baughan, see www.marksbaughan.com.
About Legal Files Software, Inc.
Legal Files Software, Inc. develops, supports and markets Legal Files, a leading legal case and matter management system. Legal Files is used by corporate and university legal departments, government agencies, and law firms to manage cases, matters, documents, email and more.
About Onit
Onit is a global leader of AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.