Actionstep Acquires FilePro Strengthening its Position as the Leading Software Provider for Australian Law Firms

Introduction

Actionstep, the cloud practice management platform for law firms, has recently announced its acquisition of FilePro, a legal software business based in Perth. This strategic move brings together two innovative companies that cater to the needs of modern, mid-sized law firms. By combining their resources, Actionstep aims to provide FilePro customers with extended cloud technologies and invest in additional product development. This acquisition follows Actionstep’s previous acquisition of LawMaster, a legal practice software company, in late 2022. With these acquisitions, Actionstep solidifies its position as the benchmark legal technology platform for mid-market law firms in Australia and New Zealand.

Actionstep’s Global Growth and Comprehensive Platform

Actionstep has experienced significant growth globally with its highly adaptable and comprehensive legal practice management platform. The company continues to invest in the development of its technology to meet the needs of the growing mid-market law firm segment. With the addition of FilePro, Actionstep now serves nearly 28,000 subscribers worldwide. FilePro’s customer base consists of nearly 4,000 legal professionals from prestigious Australian firms. Prior to the acquisition, FilePro had been exploring cloud solutions. This transaction will accelerate the availability of cloud technology for FilePro customers.

The Benefits of the Acquisition

David Hepburn, Global President of Actionstep, expressed his excitement about joining forces with FilePro, highlighting the impressive history of FilePro in the Australian legaltech space. Hepburn believes that the combined companies will offer customers and team members the opportunity to be part of a global business and an exciting future technology investment plan. The teams from both companies look forward to working together to ensure continued quality of service and support for FilePro customers’ future business plans.

Todd Keeler, CEO of FilePro, echoed Hepburn’s sentiments and expressed his delight in embarking on this new chapter with Actionstep. Keeler believes that Actionstep’s vision for modernizing mid-market firms with innovative and flexible practice management technology aligns well with FilePro’s goals. He is confident that FilePro customers will welcome the opportunities provided by this new ownership.

Actionstep’s Expansion Plans

Actionstep has ambitious plans to expand its customer base internationally, particularly among boutique and mixed-practice law firms. Since receiving an investment from Serent Capital, a growth-oriented private equity firm, in September 2020, Actionstep has nearly tripled its headcount and made significant investments in key product developments.

About Actionstep

Actionstep is a highly adaptable legal practice management platform designed for modern mid-sized law firms. The platform is built in the cloud, with workflow at its core, transforming legal productivity at every step. It offers a comprehensive range of features, including matter management, document assembly and storage, time and billing, trust and office accounting, CRM, reporting, and more. With Actionstep, law firms have everything they need to run their practice and gain full visibility across the health of their firm. The software is accessible from anywhere and can be customized to meet the specific needs of each firm as it evolves and scales.

About FilePro

FilePro is an Australian company that has been developing legal practice management software since 1989. The company currently works with over 400 Australian law firms, providing them with an all-in-one practice management solution. FilePro’s core features include matter management, time capture and billing, trust and general ledger accounting, document assembly and management, workflow, tasks, and CRM. The company has a unique pricing model and a strong focus on client support and training.

About Serent Capital

Serent Capital is a private equity firm that invests in growing businesses with compelling solutions that exceed customer needs. The firm leverages its experience as CEOs, strategic advisors, and board members to help businesses navigate growth and thrive. Serent Capital’s investment in Actionstep has played a significant role in the company’s growth and development, allowing it to expand its offerings and provide top-notch service to its customers.

In conclusion, Actionstep’s acquisition of FilePro strengthens its position as the leading software provider for Australian law firms. With its comprehensive platform and commitment to innovation, Actionstep continues to revolutionize the legal industry and support the growth and success of mid-market law firms. The acquisition of FilePro will further enhance the company’s ability to serve its customers and drive product development in the ever-evolving legal technology landscape.