CALGARY, CANADA – 20 April 2021 – With the recent signing of one of Canada’s top law firms, Athennian is pleased to announce that it has achieved 20% market share among the Top 30 Largest Law Firms in Canada in the Lexpert® ALM 500 Directory.
The pandemic accelerated the shift to digital among legal teams seeking to modernize their operations through cloud technology. Athennian’s first in market cloud-based legal entity management platform powers collaboration, automation and client experiences for these leading law firms and legal departments.
"Athennian is the global standard for digital legal entity management and corporate records automation,” said Chief Executive Officer Adrian Camara. “We expect to continue to accumulate double-digit market share across our global regions as law firms and legal departments continue to modernize their systems.”
“We are now automating traditionally manual work, such as entity formation, stock transactions and corporate records management through Athennian’s document assembly, eSignature, and streamlined data management platform,” said Andre Garber, Counsel at Fasken.
Athennian is the third most funded legal technology company in Canada along with Clio and Kira. In 2020, Athennian raised a $10 million CAD Series A financing that was later extended to $17 million CAD in January 2021, both led by Minneapolis-based Arthur Ventures with participation from Round13 Capital, Touchdown Ventures and Clio CEO Jack Newton.
"Cloud-based technologies like Athennian have become integral to a law firm's ability to run an efficient practice and a successful business, while providing the seamless experiences clients have come to expect," said Newton. The move to the cloud is playing a tremendous role in the growth of law firms and legal teams in Canada, as well as around the world.
For most legal teams, working out of spreadsheets and software from the 1990s has slowed down their processes and ability to scale up paralegal teams and commercialize corporate, entity data management. “The legal entity management market has very high barriers to entry that protected incumbents operating like monopolies for decades. Athennian brings the first, true enterprise cloud platform with consumer-grade user experiences into the category,” said Camara.
With over 70 employees and counting, Athennian has rocketed forward in the legal tech industry, expanding rapidly over the last year. Winning the business from 20% of Canada’s largest law firms is just the beginning. With their recent funding, Athennian continues to build out their product, customer experience and team seeking to win over the remainder of the world’s largest law firms.
Athennian, founded in 2017, is the leading legal entity management cloud platform, used by the world’s top law firms and legal departments. By streamlining numerous corporate legal workflows, Athennian’s solution offers efficiency to high-performing legal teams.
Athennian offers rapid migration for customers from any legacy database including, Diligent Entities (Blueprint), GEMS, Secretariat, hCue, Effacts, Viewpoint, ALF, CorpLink, EnAct, GlobalAct, EnGlobe, FastCompany, Corporate Focus, and more.
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