Last week was a perfect storm of breaking news in the world of cloud-based practice management software. It was a week that saw the acquisition by Tabs3 Software of CosmoLex, the appointment by PracticePanther of a new CEO, and the acquisition by Clio of CRM platform Lexicata, all bookended by Clio’s 10th anniversary on Monday and its Clio Cloud Conference on Thursday and Friday.
Although it was a week of upheaval in many respects, it was also one, in my opinion, that reflected the fact that cloud practice management has finally matured to the point where there is no doubt it is to be taken seriously. And Clio stands as Exhibit A for how this market has matured, having developed from feisty upstart to a mature, well-established company that is helping to drive legal innovation, both for itself and the legal industry at large.
Thoughts on the maturing of this market and what it means for legal professionals is the topic of my column this week at Above the Law: Cloud Practice Management Software Grows Up.