ASG LegalTech, a portfolio company of Alpine Investors, today announced that it has acquired Headnote, a novel online payments platform providing compliant ePayments and AR management for law firms of all sizes. Headnote is the latest addition to ASG LegalTech’s platform of rapidly growing legal Software-as-a-Service (SaaS) products including PracticePanther, Bill4Time and MerusCase.
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ASG LegalTech, a portfolio company of Alpine Investors, has acquired Headnote, a novel online payments platform for law firms.
This deal marks the 28th acquisition for ASG, the 4th for ASG LegalTech, and the first payments platform for the ASG portfolio.
“We are excited to expand into the payments space with the acquisition of Headnote,” said Soumya Nettimi, CEO of ASG LegalTech. “ASG LegalTech and our suite of products have been at the forefront of creating industry leading, cloud-based practice management software for 14 years. By bringing payments in-house, we’re creating the first ever software led payments platform in the legal industry. What Sarah and team have built is an exceptional payments solution with the most modern and compliant technology available. Our acquisition of Headnote will allow us to expand the features and benefits of our existing practice management products to better serve the legal industry.”
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Headnote, founded in 2016 by Sarah Schaaf, Thornton Schaaf and Matt Crampton and backed by investors including NFX and Uncork Capital, is a payment solution tailored for attorneys. Unlike other payment solutions used in the legal industry, Headnote was designed by an attorney herself (Sarah Schaaf), allowing the product to fill a gap mainstream providers can’t. Headnote has infused this expertise with the industry’s most modern and secure payment technology and a world-class user experience – helping law firms reduce payment processing fees by 35% and get paid 70% faster than the industry average of 94 days.
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