The law practice management company Smokeball has secured a $30 million investment from private investors and employee shareholders in order to double down on growth, it said today.
The company said it will use the funds to fast-track the expansion of its team of more than 200 employees and the development of its proprietary technology to help small- and medium-sized law firms manage and grow their business in the U.S. and Australia.
“Smokeball has grown rapidly because most small- and medium-sized law firms either don’t use automated software or have poorly functioning solutions,” Hunter Steele, Smokeball CEO, said in a statement provided by the company. “Our mission is to help attorneys grow the value of their business, which is the basis for everything we do.
“By securing private funding we can continue this mission with clients as our primary focus rather than delivering a short-term return to investors. With the support of private investors, we can focus on solutions that benefit our clients for decades to come.”
A distinguishing feature of Smokeball is that it is the only cloud-based legal practice management software with the ability to automatically track attorneys’ time and activity.
It also offers automatic time tracking, document automation and form libraries, advanced matter management, and complete legal billing.
I hope to speak with Steele and will provide an update to this story.