Francisco Partners will acquire Elite, a legal technology company specializing in financial management and business operations, from TPG Capital and Thomson Reuters. This acquisition aims to provide Elite with new financial backing to enhance its momentum, product innovation, and growth. Elite has been offering technology solutions to the legal industry since 1947, focusing on financial and practice management systems for law firms. The company serves around 2,000 law firms, including a significant percentage of the Am Law 100 and Global 100 firms.
Elite's flagship products include 3E, ProLaw, eBillingHub, and MatterSphere, which help automate and streamline billing, invoicing, payments, and financial reporting for many of the world's leading law firms.
With Francisco Partners as a financial partner, Elite aims to capitalize on its current momentum and drive product innovation and growth.
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