Paradigm offers a suite of legal software solutions to help lawyers manage, automate and grow their firms. This acquisition comes at a time of major momentum for Paradigm which recently announced the expansion of its leadership team as well as a strategic growth investment from leading global investment firm, Francisco Partners. With Paradigm, we look forward to showing a new wave of lawyers just how easy trust accounting can really be.” “What we have here is truly one-of-a-kind. “We set out to create a solution that not only addressed major points facing law firms today, but also contained intuitive workflows and used terminology that lawyers could actually understand,” said Chad Todd. Its built-in controls help users maintain compliance and limit mistakes. The TrustBooks acquisition enables Paradigm to further serve the legal industry by providing law firms with an attorney-friendly solution that tracks all activity related to clients’ trust accounts and automatically maintains their ledgers for instant visibility.
“This is what sets TrustBooks apart, and we could not be more excited about the opportunity to scale our accounting solution to the legal community through our partnership with Paradigm.” “When you take away the fear and time commitment out of trust accounting, attorneys build confidence that lets them feel like they can worry less, and spend more time being billable,” said Tom Boyle. TrustBooks’ easy-to-use platform provides users the ability to do all of their accounting, including operating and trust, in one place. Launched in 2015, TrustBooks was created to simplify the legal trust accounting process for non-accountants and empower attorneys to handle their books while staying compliant with their State Bar through three-way reconciliation. “As more law firms turn towards technology to power their practices, the ability to take control of billing, and now accounting, in-house with simple and intuitive software is a massive time and money-saver for our customers.”
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“We are overjoyed to be adding a full accounting solution to our suite of products with the acquisition of TrustBooks,” said Soumya Nettimi, CEO of Paradigm. TrustBooks Co-founders, Tom Boyle and Chad Todd join Paradigm as the Co-General Managers of TrustBooks. Trustbooks is the latest addition to Paradigm’s suite of software solutions which include the legal practice management platforms PracticePanther, Bill4Time, and MerusCase as well as Paradigm’s native payment solution, powered by Headnote. NEW YORK, NY – Paradigm, a market-leading provider of legal practice management and payments software, today announced its acquisition of TrustBooks, a cloud-based accounting software built specifically for law firms.
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