LawPay’s parent company acquires practice management software platform MyCase
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Professional services payments company AffiniPay announced Thursday that it had acquired MyCase, a legal practice management software company.
MyCase and AffiniPay-owned payments platform LawPay will integrate and go live June 10, according to Jim McGinnis, CEO of MyCase. The combined platforms will serve more than 65,000 law firms in the United States and Canada and more than 200,000 legal professionals, said AffiniPay in a news release.
“MyCase and LawPay are uniquely positioned to meet the holistic financial and business needs of law firms,” said Dru Armstrong, CEO of AffiniPay, in prepared remarks. “For over a decade, our respective clients have trusted us to deliver innovative legal solutions that enable them to succeed as professionals.”
AffiniPay said it had bought the company “from funds advised” by Apax Partners, a global private equity advisory company headquartered in London. It did not disclose the purchase price.
According to the news release, private equity company TA Associates invested capital in the acquisition and is a majority owner of the merged company. Lazard, a financial advisory and asset management company, and Goodwin Procter advised AffiniPay during the acquisition. And financial services company William Blair and Simpson Thacher & Bartlett advised MyCase, according to the news release.
Founded in 2010, MyCase offers legal practice management software through a cloud-based platform that includes billing and invoicing; secure access to documents for editing and collaboration; and an overview of calendars, cases, clients and communications.
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