The Chicago-based legal technology company Litera has acquired Objective Manager, a UK company that provides a SaaS platform for law firms to use in strategic planning, performance measurement and talent engagement.
The purpose of the platform is to enable firms to accelerate their strategic and performance agendas by aligning their people to the firm’s strategic objectives.
Litera said that the acquisition will advance its mission to help law firms leverage powerful data insight that informs intelligent and differentiated strategic firm plans, client plans, and people strategies.
“We are committed to investing heavily in the development and support of platforms that transform disparate data about clients, matters, people, and parties into usable and actionable information,” Avaneesh Marwaha, Litera CEO, said in a statement.
“We’ve heard from the market that unlocking performance data and investing further in developing their strategy and teams is a key need. Adding Objective Manager to Litera will help firms align around key firm goals, client needs, and people development.”
Arlene Adams, CEO of Objective Manager CEO, said “We are excited to join Litera and accelerate our platform presence in the broader North American market.
“We believe the addition of Objective Manager to Litera will enhance how we can help law firms use meaningful data to create great firm strategies alongside developing and retaining top talent.”
Founded in 2011, Objective Manager’s clients in the UK include 11 of the top 20 law firms, including including Baker McKenzie, Clifford Chance, Allen & Overy, and Norton Rose Fulbright.
Litera has had a run of acquisitions over the past two years. So far in 2021, it acquired Clocktimizer in April, which tracks and analyzes law firm billing data; DocsCorp in March, a document productivity company; and Foundation Software in January, expanding into firm intelligence.
Last year, Litera acquired litigation management platform Allegory Law, AI contract drafting platform Bestpractix, and table-of-authorities generator Best Authority, and in 2019, it acquired U.K. company Workshare and deal-management platform Doxly.
[Disclosure: I host the Law Insights program on Litera TV, for which I am paid by Litera.]