Transaction Overview
- Represented CosmoLex Cloud, LLC (“CosmoLex” or the “Company”) in its sale to Tabs3, a portfolio company of Thompson Street Capital Partners.
- CosmoLex is a leading provider of cloud-based legal practice management software serving thousands of solo- to mid-sized law firms across the United States and Canada.
- The Company’s proprietary cloud technology includes integrated trust and business accounting, time tracking, billing, email & document management, and tasks & calendaring functions, all in a single cloud solution.
Key Observations
- The Company had received inbound interest from a portfolio company of Thompson Street Capital Partners, Tabs3, who our team had represented in its 2016 sale.
- Tabs3 was looking to further build out its SaaS capabilities as law firms increasingly demand agile cloud-based solutions.
- CosmoLex’s founder reached out to our team given our unparalleled legal tech expertise to help the shareholders evaluate the offer put forth for the Company.