Global legal tech provider Litera announced it had acquired Lynch Marks, LLC, a California-based invoicing and shipping management company that developed PS/Ship. With this acquisition Litera aims to add another piece to its platform for law firms looking to solve more issues through a single technology partner integrating with their broader systems. This is now Litera’s 14th M&A deal in recent times and follows the purchase of Kira Systems and Concep last year.
Avaneesh Marwaha, Litera CEO, said that the acquisition would “expand client services and deliver on organizational growth. The Lynch Marks team built a great suite of products with strong customer relationships. We are excited to build on Lynch Marks’ ability to link front-office functions and back-office processes, making invoice processing, shipping and inbound package tracking faster, easier, and less expensive for Litera’s global customers.”
“We are thrilled to join the Litera family and excited by their vision of creating a platform that provides firms with all the tools they need to efficiently run a law firm. PS/Ship is critical to law firms’ invoice processing and shipping processes and will complement Litera’s core desktop workflows and deep understanding of legal operations,” said Nick Adams, PS/Ship General Manager.
“Litera is a great home for our customers, products, and employees,” said Peter Marks, exiting Founder of Lynch Marks. “Their commitment to customer success, great technology, and serving the legal community made them an obvious choice. I’m excited to see the next chapter unfold.”
Firms that rely on PS/Ship software can streamline shipping and invoice workflow management across the business, reducing total shipping costs by 30%, according to Lynch Marks. They can ship and manage packages and invoices directly from the desktop, whether working in the office or remotely, and properly allocate these costs to the appropriate matter or cost center for efficient recovery and precise profitability measurement. The new Invoice Plus product launched in 2021 automates invoice processing for other multi-line, multi-disbursement invoices like patent filings, legal research, attorney services, e-discovery billings and more – increasing cost recovery while substantially decreasing processing time.
The terms of the agreement have not been disclosed. Lynch Marks will continue to operate as a standalone business until the second half of 2022 under the leadership of Nick Adams, General Manager.
Litera has been working on legal technology for over 25 years. As a global leader in workflow, AI-powered due diligence review and analysis, collaboration, and data management solutions, Litera provides legal teams with streamlined technology for creating, analyzing, and managing their documents, deals, cases, and data.
About Lynch Marks
According to Lynch Marks, its PS/Ship product suite is trusted by the majority of the AM Law 200 and many prominent corporate and service organizations globally to provide a comprehensive shipping management and invoice processing system. Its specialized tools work together for streamlined shipping, package tracking, and invoice processing workflows across the customer’s enterprise.