Ep 124: How One Company Aims to Change the Paradigm for Law Practice Management

One of the most dynamic areas of legal tech right now is practice management, which has seen a surge of investments and acquisitions over the past year. And one of the companies that best represents that trend is Paradigm, which was founded two years ago as ASG LegalTech and rebranded this year as Paradigm, to represent its goal of bringing about a paradigm shift for legal technology.  Paradigm is a portfolio company composed of three popular practice management platforms — PracticePanther, Bill4Time and MerusCase — and its most recent acquisition in September 2020, the electronic payments platform Headnote. Since acquiring Headnote, it has integrated its e-payments technology into both PracticePanther and Bill4Time, with plans to also add it to MerusCase. On this episode of LawNext, host Bob Ambrogi is joined by two principals of Paradigm:  Sarah Schaaf, a former lawyer and the founder of Headnote and now general manager of Paradigm’ payments division.  Colin Li, chief financial officer and chief revenue officer at Paradigm.  We talk about the company’s growth and future plans, the state of the practice management market, the increasing importance of e-payments technology, and their thoughts on future developments.  Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.  Paradigm, home to the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote. Law Insider, producer of the show Contract Teardown, where they analyze the contracts that others are talking about.  A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests.